While there are several international standards to guide carbon emissions accounting, gaps that can result in greenwashing remain. The first UN Global Stocktake Report published in September gave a damning report card for global climate efforts. The report showed that the world is not on track to meet the climate goals under the Paris Agreement, and it urged countries to take more ambitious action to cut emissions, or risk broad and serious consequences for humans, ecosystems, and economies.
Scope Three emissions are also indirect, but they comprise emissions that occur throughout the company’s value chain, including upstream, like transport and distribution, and downstream emissions, like end-of-life waste disposal. In this context, leaving out Scope Three emissions reporting is akin to solving a jigsaw puzzle without the largest piece - the picture is never complete.Commentary: There’s actually good news about climate change. Now comes the hard part
Because there is no universally accepted methodology for carbon accounting, major polluters can also cherry-pick their favourable comparison points and calculation methods to create the illusion of progress in reducing their emissions. It’s like choosing your worst photo as the “before” in a before-and-after transformation to make the “after” look more impressive.
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