The World Business Council for Sustainable Development (WBCSD) launched an open consultation to refine the 2023 Guidance on Avoided Emissions by gathering the perspectives and consensus of various stakeholders on key refinement themes. The update aims to enhance technical aspects of the Guidance while allowing for practical use and adoption. More broadly, the aim is […]
In a world striving for a net-zero emissions future, businesses have the challenge of developing credible ways to measure their contributions to decarbonization. Primarily, companies need to measure and reduce their own greenhouse gas (GHG) footprint (i.e., scope 1, 2 and 3 inventory) on their path to net-zero emissions. However, they are both sources of […]
Dominant greenhouse gas (GHG) accounting frameworks such as GHG Protocol, CDP and TCFD lay out the foundation for emissions measurement, disclosure and reduction by business and financial institutions. These frameworks focus on quantifying and reducing generated or financed emissions following an inventory accounting approach. Despite increased efforts by private market actors, humanity remains off track […]
The World Business Council for Sustainable Development (WBCSD) and its member companies, in collaboration with Carbone4 and its Net Zero Initiative and released the “Guidance on Avoided Emissions: Helping business drive innovations and scale solutions toward Net Zero”.
How can we assess avoided emissions credibly and help business drive innovations and scale solutions that contribute to global Net Zero?
WBCSD announces new collaborations for climate action towards the G7 and COP28
As part of low-carbon technology value chains various chemical industry products aid the reduction of greenhouse gas (GHG) emissions compared to conventional products or compared to the market average. Under the terminology of the Greenhouse Gas Protocol international accounting tool, emission reductions of this kind are termed “avoided emissions”.