The GHG Protocol Initiative has developed two separate protocols. The Corporate Accounting and Reporting Standard covers accounting for corporate GHG emissions inventories. The GHG Protocol for Project Accounting is an offset accounting protocol. It is a tool for quantifying and reporting GHG emissions reductions from GHG mitigation projects. It does not focus on verification, enforcement or co-benefits. We discuss only the latter and refer to it as the GHG Protocol.
Financing of the S Standard Organisation
The development of the GHG Project Protocol for Project Accounting was supported by numerous companies, organisations, and governmental sponsors, including Energy Foundation, US AID, US EPA, BP, Chevron Corporation, Ford, International Paper, SCJohnson, Dow, and Environment Canada.
Recognition of Other Standards
The GHG Project Protocol is programme neutral and is often used in conjunction with other standards or programs.
Number of Projects
Comments on GHG Protocol
The GHG Project Protocol can be used as a building block for a full-fledged offset standard. As such, it is a useful tool and has been used by many regulatory and voluntary schemes. In this paper we evaluate the overall quality of offset standards rather than protocols. It would therefore go beyond the scope of this paper to comment on the specifics of the GHG Protocol.
Source: WWF Germany, March 2008, Making Sense of the Voluntary Carbon Market: A Comparison of Carbon Offset Standards, Anja Kollmuss (SEI-US), Helge Zink (Tricorona), Clifford Polycarp (SEI-US). Full report is available as a PDF here.