Difference between revisions of "Absolute Emissions"

From Open Risk Manual
Line 1: Line 1:
 
== Definition ==
 
== Definition ==
'''Absolute Emissions'''. [[Greenhouse Gas Emissions]] attributed to a financial institution’s lending and investing activity.
+
'''Absolute Emissions''' are [[Greenhouse Gas Emissions]] that are generated and sequestered as a result of a project (or an investment attributed to a financial institution’s lending and investing activity) <ref>PCAF (2020). The Global GHG Accounting and Reporting Standard for the Financial Industry. First edition.</ref>, <ref>FMO, Absolute GHG Accounting Approach for Financed Emissions, 2018</ref>. Expressed in (tonnes CO<sub>2</sub> eq)
* Expressed in (tonnes CO<sub>2</sub> eq)
 
* As defined in<ref>PCAF (2020). The Global GHG Accounting and Reporting Standard for the Financial Industry. First edition.</ref>
 
  
 +
== Example ==
 +
GHG emissions produced by a company or project due to agricultural expansion, the construction of a windfarm or the sequestration of carbon in a forestry plantation. These emissions are referred to as gross emissions.
  
The concept is juxtaposed to relative emission reduction / increase metrics defined versus [[Baseline Emissions]]
+
== Issues and Challenges ==
 +
* The concept is juxtaposed to relative emission reduction / increase metrics defined versus [[Baseline Emissions]]
  
 
== See Also ==
 
== See Also ==

Revision as of 13:07, 3 November 2021

Definition

Absolute Emissions are Greenhouse Gas Emissions that are generated and sequestered as a result of a project (or an investment attributed to a financial institution’s lending and investing activity) [1], [2]. Expressed in (tonnes CO2 eq)

Example

GHG emissions produced by a company or project due to agricultural expansion, the construction of a windfarm or the sequestration of carbon in a forestry plantation. These emissions are referred to as gross emissions.

Issues and Challenges

  • The concept is juxtaposed to relative emission reduction / increase metrics defined versus Baseline Emissions

See Also

References

  1. PCAF (2020). The Global GHG Accounting and Reporting Standard for the Financial Industry. First edition.
  2. FMO, Absolute GHG Accounting Approach for Financed Emissions, 2018