CO2 Equivalent
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Definition
CO2 Equivalent. The amount of CO2 that would cause the same integrated radiative forcing (a measure for the strength of Climate Change drivers) over a given time horizon as an emitted amount of another GHG or mixture of GHGs. It is the universal unit of measurement to indicate the Global Warming Potential (GWP) of each greenhouse gas, expressed in terms of the GWP of one unit of carbon dioxide. It is used to evaluate different reenhouse gases against a common basis.
Conversion factors vary based on the underlying assumptions and as the science advances.
PCAF Recommendation
- As a baseline, PCAF recommends using 100-year Global Warming Potentials without climate-carbon feedback from the most recent IPCC Assessment report. As defined in[1]
References
- ↑ PCAF (2020). The Global GHG Accounting and Reporting Standard for the Financial Industry. First edition.
