What is 'Greenhouse Gas Protocol'?

What is ‘Greenhouse Gas Protocol’?

[amp_mcq option1=”It is an international accounting tool for government and business leaders to understand, quantify and manage greenhouse gas emissions” option2=”It is an initiative of the United Nations to offer financial incentives to developing countries to reduce greenhouse gas emissions and to adopt eco-friendly technologies” option3=”It is an inter-governmental agreement ratified by all the member countries of the United Nations to reduce greenhouse gas emissions to specified levels by the year 2022″ option4=”It is one of the multilateral REDD+ initiatives hosted by the World Bank” correct=”option1″]

This question was previously asked in

UPSC IAS – 2016

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The correct option is A, which accurately describes the purpose of the Greenhouse Gas Protocol.

– Option A is correct. The Greenhouse Gas Protocol (GHG Protocol) is a widely used international accounting tool for governments and business leaders. It provides frameworks and guidance for measuring and managing greenhouse gas emissions from various sources. It was developed by the World Resources Institute (WRI) and the World Business Council for Sustainable Development (WBCSD).
– Option B is incorrect. This describes a potential climate finance mechanism or fund, not a protocol for accounting.
– Option C is incorrect. The GHG Protocol is not an inter-governmental agreement setting emission reduction targets. International agreements like the Paris Agreement set targets.
– Option D is incorrect. This describes an initiative like the Forest Carbon Partnership Facility (FCPF) related to REDD+, not the GHG Protocol.

The GHG Protocol standards are designed to provide a common language and framework for companies, cities, and countries to quantify and manage their greenhouse gas emissions, enabling more transparent and effective climate action.

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