The GHG Protocol has unveiled a new guidance for companies to measure emissions from purchased electricity, thereby making it the first major update to the GHG Protocol Accounting and Reporting Standard. This takes into consideration the rapid growth of renewable energy, and other major shifts in the electricity markets, bringing in four years of global collaboration in to this guidance.
BSE and the India GHG Program have taken the lead to introduce the Scope 2 Guidance to businesses in India on February 20, 2015. Knowledge partners on the GHG Protocol - World Resources Institute and World Business Council for Sustainable Development (WBCSD), as well as program partners The Energy & Resources Institute (TERI) and Confederation of Indian Industry(CII) are also supporting this launch to be held in Mumbai.
At the event, participants will learn about the new GHG Protocol Scope 2 guidance, released by the World Resources Institute. Four years in the making, the Scope 2 Guidance developed in consultation with over 200 representatives from companies, electric utilities, government agencies, academics, industry associations and civil society groups in 23 countries, represents a collaboration to harmonise methods for how companies report greenhouse gas (GHG) emissions from purchased electricity, steam, heat, and cooling (called Scope 2 emissions). The clarification companies will gain from this publication has the potential to transform energy buying practices in the corporate world. These new requirements reinforce the precision and consistency of emissions reporting and recognize the diversity of market instruments and supplier arrangements.