Difference between revisions of "GHG Mitigation Goals"

From Open Risk Manual
Line 12: Line 12:
 
* Baseline scenario goals
 
* Baseline scenario goals
  
=== Base Year Emissions ===
+
=== Base Year Emissions Goals ===
 
Base year emissions goals represent a reduction in emissions relative to an emissions level in a [[Base Year GHG Emissions | historical base year]]. They are framed in terms of a percent reduction of emissions compared to a base year emissions level, and therefore correspond to an reduction in [[Absolute Emissions]].
 
Base year emissions goals represent a reduction in emissions relative to an emissions level in a [[Base Year GHG Emissions | historical base year]]. They are framed in terms of a percent reduction of emissions compared to a base year emissions level, and therefore correspond to an reduction in [[Absolute Emissions]].
  
Line 19: Line 19:
  
 
Fixed level goals do not include a reference to an emissions level in a baseline scenario or historical base year.
 
Fixed level goals do not include a reference to an emissions level in a baseline scenario or historical base year.
 +
 +
=== Base Year Intensity Goals ===
 +
Base year intensity goals represent a reduction in emissions intensity relative to an emissions intensity level in a historical base year (See [[GHG Emission Intensity Metric]]). Emissions intensity is emissions per unit of output.
 +
 +
Examples of units of output include GDP, population, and energy use. Intensity goals are framed in terms of a percent reduction of emissions intensity compared to a base year emissions intensity, and therefore correspond to an absolute reduction in emissions intensity (which may nevertheless allow for an ''increase'' in absolute emissions).
 +
 +
=== Baseline Scenario Goals ===
 +
Baseline scenario goals represent a reduction in emissions relative to  [[Baseline Emissions]] level. They are typically framed in terms of a percent reduction of emissions from the baseline scenario, rather than an absolute reduction in emissions.
 +
 +
A [[GHG Baseline Scenario]] is a set of reasonable assumptions and data that best describe events or conditions that are most likely to occur in the absence of activities taken to meet a mitigation goal (i.e. business-as-usual).
 +
 +
For an example of top-down sectoral scenario goal setting for financial institutions see the [[PACTA Methodology]].
  
 
== References ==
 
== References ==

Revision as of 13:58, 5 January 2022

Definition

GHG Mitigation Goals are the concrete targets set by entities in the context of contributing to Climate Change Mitigation.

Developing a GHG Inventory, setting goals, and tracking progress are part of an interconnected process. Setting reduction or “mitigation” goals can help entities focus efforts on key emission sources, identify innovative mitigation solutions, demonstrate leadership and reduce long-term costs.

Goal Types

The type of goal provides the basis against which emissions and emissions reductions are tracked and reported. Users with a multi-year goal shall report whether the goal is an average, annual, or cumulative multi-year goal. In general, there are four goal types:

  • Base year emissions goals
  • Fixed level goals
  • Base year intensity goals
  • Baseline scenario goals

Base Year Emissions Goals

Base year emissions goals represent a reduction in emissions relative to an emissions level in a historical base year. They are framed in terms of a percent reduction of emissions compared to a base year emissions level, and therefore correspond to an reduction in Absolute Emissions.

Fixed Level Goals

Fixed level goals represent a reduction in emissions to an absolute emissions level in a target year. For example, a fixed level goal could be to achieve 200 Mt (million tonnes) CO2e by 2020. The most common type of fixed level goals are Carbon Neutrality goals, which are designed to reach zero net emissions by a certain date (though such goals often include the purchase and use of offset credits to compensate for remaining emissions after annual reductions).

Fixed level goals do not include a reference to an emissions level in a baseline scenario or historical base year.

Base Year Intensity Goals

Base year intensity goals represent a reduction in emissions intensity relative to an emissions intensity level in a historical base year (See GHG Emission Intensity Metric). Emissions intensity is emissions per unit of output.

Examples of units of output include GDP, population, and energy use. Intensity goals are framed in terms of a percent reduction of emissions intensity compared to a base year emissions intensity, and therefore correspond to an absolute reduction in emissions intensity (which may nevertheless allow for an increase in absolute emissions).

Baseline Scenario Goals

Baseline scenario goals represent a reduction in emissions relative to Baseline Emissions level. They are typically framed in terms of a percent reduction of emissions from the baseline scenario, rather than an absolute reduction in emissions.

A GHG Baseline Scenario is a set of reasonable assumptions and data that best describe events or conditions that are most likely to occur in the absence of activities taken to meet a mitigation goal (i.e. business-as-usual).

For an example of top-down sectoral scenario goal setting for financial institutions see the PACTA Methodology.

References