Global climate gas accounting system launched

Groups promote standard plus tools for internationally uniform corporate emissions reporting

An accounting system for corporate greenhouse gas (GHG) emissions was launched yesterday by a global coalition of companies and a US environmental think-tank. The GHG protocol consists of accounting and reporting standards, guidance and calculation tools for companies to apply to their own emissions.

The GHG protocol initiative was started in 1998 by the Geneva-based World business council for sustainable development (WBSCD) and the US-based World resources institute (WRI). The project's vision was to create an "inclusive and transparent" reporting standard that would allow business to build a GHG management strategy including emissions reduction and trading.

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