What is Greenhouse Gas Protocol? – UPSC Prelims PYQ 2016

What is ‘Greenhouse Gas Protocol ‘?

1. it is an international accounting tool for government and business leaders to understand, quantify and manage greenhouse gas emissions.
2. 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.
3. 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.
4. it is one of the multilateral REDD+ initiatives hosted by the world bank

Explanation

Option (a) is correct

• GHG Protocol is developing standards, tools and online training that helps countries, cities and companies track progress towards their climate goals. GHG Protocol establishes frameworks to measure and manage greenhouse gas (GHG) emissions from private and public sector operations, value chains and mitigation actions.
• GHG Protocol arose when World Resources Institute (WRI) and World Business Council for Sustainable Development (WBCSD) recognized the need for an international standard for corporate GHG accounting and reporting in the late 1990s.

Answer: (a) it is an international accounting tool for government and business leaders to understand, quantify and manage greenhouse gas emissions; Difficulty Level: Hard