#YEP ENERGY CHANNEL PARTNER UPDATE#
Thankfully, the NGOs that manage the GHGP recently kicked off the update process, soliciting feedback from stakeholders across the spectrum.
But despite significant advances in data analytics around emissions measurement, it’s been nearly a decade since the GHGP was last updated. More than 90% of Fortune 500 companies report their emissions using the Greenhouse Gas Protocol (GHGP), which supplies the world’s most widely used greenhouse gas accounting standards. Listen to the podcast here, or read the transcript below. In this episode of Climate Positive, HASI’s Chad Reed and Brendan Herron sit down with Faraz Ahmad, Head of Net Zero Grid at Amazon, to discuss the Emissions First Partnership and how underserved regions could benefit from an emissions first energy transition approach. The pace of progress in the energy transition is accelerating as reporting standards are refined and the EFP aims to continue this progress. Pre 2015, before the current market-based methodology was in place, there was about a gigawatt of installed capacity coming from PPAs.
Investment in new renewable technologies from corporates, as a result of the accounting standards being updated in the past decade, is increasing. The EFP says that changes to the GHG Protocol Scope 2 emissions reporting is a crucial step to addressing the climate crisis and decarbonizing the power system. Host David Banmiller is joined by Jake Oster, Director of Energy and Environmental Policy at Amazon Web Services, and Peter Freed, Head of Energy Strategy at Meta, to explain the goals of the EFP and why updating accounting standards is so important. Together with 8 other companies, including Intel and Heineken, they’ve co-founded the Emissions First Partnership, which is advocating for changes to the Greenhouse Gas Protocol. Now, a consortium of some of the world’s biggest funders of the Greenhouse Gas Protocol, such as Amazon and Meta, are looking to refine the current rules with the goal of increasing the accuracy of reporting. The new standard, expected to take effect in 2025, could have a big impact on corporate investment in low-carbon energy around the world. So, a planned revision of the rules for reporting Scope 2 emissions is a significant event. Like financial accounting standards, the GHG Protocol influences corporate behavior such as investment decisions. In 1998, the GHG Protocol Corporate Accounting and Reporting Standard launched, and set out a standard for businesses to measure and report their greenhouse gas emissions. It might be the most important piece of sustainability material in corporate and climate work that no one’s ever heard of, and it drives a huge amount of corporate behavior. Listen to the podcast here or on Spotify.Ĭhanges to the way emissions are reported will have a big impact on renewable investment.
In this episode of The Interchange Recharged, David Banmiller is joined by AWS’ Jake Oster and Meta’s Peter Freed to discuss the goals of the Emissions First Partnership and why updating carbon accounting standards is so important
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