New standard for companies to report their greenhouse gas emissions

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For the first time, Guarantees of Origin, REC and I-REC are featured as instruments to document and track electricity used from renewable energy sources.

Tom Lindberg, Managing Director, ECOHZ

For the first time, Guarantees of Origin, REC and I-REC are featured as instruments to document and track electricity used from renewable energy sources.

Today, the World Resources Institute launched the updated Greenhouse Gas Protocol Accounting Guidance for companies and governments to report their emissions from electricity used (Scope 2). The framework recommends how companies can measure and report their greenhouse gas emissions. This clarity can transform energy buying practices in the corporate world. For the first time, Guarantees of Origin, REC and I-REC are featured as instruments to document and track electricity used from renewable energy sources.

“Global Risks 2015 (by the World Economic Forum) lists failure of climate change adaptation as one of the most likely and biggest risks in 2015. The expectations and requirements for companies to address greenhouse gas emissions are increasing. But you can only change what you can measure. We are certain that in 2015 companies will increasingly document that they use electricity from renewable energy sources.,” says Tom Lindberg, Managing Director, ECOHZ.

“Businesses seek validated reporting instruments. Guarantees of Origin is included by Scope 2 Accounting Guidance as a best practice tracking system of power attributes.

Guarantees of Origin reduces companies’ CO2 footprint, increases awareness of the origin of the electricity consumed and sends a signal to the market that companies prefer electricity from renewable energy sources. Over time this documented demand for low carbon energy solutions will change energy behaviour.”

The Greenhouse Gas Protocol (GHG-P) is the most widely used international accounting framework for governments and business leaders to understand, quantify, and manage greenhouse gas emissions. The new version of the GHG-P Scope 2 Guidance provides an improved frame for businesses and governments to choose instruments to support low-carbon energy solutions. This will encourage businesses to measure, manage and report their greenhouse gas emissions from their electricity consumption and increasingly switch to power from renewable sources.

The World Resources Institute updated the GHG-P Scope 2 Accounting Guidance to respond to governments’ and businesses’ demand for a clearer framework and instruments that help map and report the origin of their electricity consumed.

The GHG-P Scope 2 categorizes indirect emissions from consumption of purchased electricity, heat or steam. The document clarifies how to account for and report greenhouse gas emissions from electricity purchase and use.

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ECOHZ
ECOHZ offers renewable energy solutions to electricity providers, businesses and organisations across Europe. The company focuses on renewable electricity, documented by Guarantees of Origin (GO), and in realizing new renewable energy capacity through the GO2 concept. ECOHZ is one of the leading independent suppliers in Europe, and is located in Norway and Switzerland.
http://www.ecohz.com

For more information or interviews:
Information about GHG Protocol Scope 2 http://bit.ly/1Ce4Xsy
Video about Guarantees of Origin     http://bit.ly/1xz9wrm
Website: http://www.ecohz.com
Twitter: @ecohz https://twitter.com/ECOHZ
@tomlindberg99 https://twitter.com/tomlindberg99

Contact
Tom Lindberg, Managing Director, ECOHZ
Tom@ecohz.com
+47 907 44 260
@tomlindberg99

Ingrid Helsingen Warner
Ingrid.h.warner@leidar.com
+47 948 78 886

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Ingrid Helsingen Warner
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