GHG Project Protocol
From Open Risk Manual
Revision as of 17:56, 1 November 2021 by Wiki admin (talk | contribs) (Created page with "== Definition == The '''GHG Protocol for Project Accounting''' (Project Protocol) provides specific principles, concepts, and methods for quantifying and reporting GHG reducti...")
Definition
The GHG Protocol for Project Accounting (Project Protocol) provides specific principles, concepts, and methods for quantifying and reporting GHG reductions - i.e., the decreases in GHG emissions, or increases in removals and/or storage - from climate change mitigation projects (GHG Projects).
The Project Protocol is the culmination of a four-year multi-stakeholder dialogue and consultation process, designed to draw knowledge and experience from a wide range of expertise. During its development, more than twenty developers of GHG projects from ten countries “road tested” a prototype version of the Protocol, and more than a hundred experts reviewed it.
The Project Protocol’s objectives are to:
- Provide a credible and transparent approach for quantifying and reporting GHG reductions from GHG projects;
- Enhance the credibility of GHG project accounting through the application of common accounting concepts, procedures, and principles; and
- Provide a platform for harmonization among different project-based GHG initiatives and programs.