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Introduction-Corporate Value Chain (Scope 3) Accounting and Reporting Standard

Why Monitor Scope 3 Emissions ? Greenhouse Gas Protocol The Greenhouse Gas Protocol (GHG Protocol) is a multi-stakeholder partnership of businesses, nongovernmental organizations (NGOs), governments, and others convened by the World Resources Institute (WRI) and the World Business Council for Sustainable Development (WBCSD). Launched in 1998, the mission of the GHG Protocol is to develop …

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Scope 3 Contribution in Emission and Why Tracking it is Necessary

Scope 3 emissions refer to indirect greenhouse gas (GHG) emissions that occur as a result of a company’s activities, but they are not directly owned or controlled by the company. These emissions are often associated with the entire value chain or supply chain of a company, including activities such as the production and transportation of …

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How Organizations can Reduce Their Carbon Footprint ?                            

Economic growth is the topmost priority for the organizations going forward. However to achieve economic growth we should consider the usage of natural resources and also organization should keep an eye on actions such as combustion, transportation, and waste generation. In our previous blog, we have seen benefits of monitoring emissions for organization. In this …

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How Organizations can be benefited by monitoring their carbon footprint ?

When people talk about who’s to blame for climate change, they often point fingers at businesses. Nowadays, everyone’s talking about cutting down on the pollution that causes climate change. But how do companies even start with such a confusing task? How can they tell if they’re making progress? A long time ago, in 1954, a …

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Clean Development Mechanism(CDM)

Case Study: “Renewable energy projects replacing part of the electricity production of one single fossil fuel fired power plant that stands alone or supplies to a grid, excluding biomass projects” – Baseline Methodology Selected approach from paragraph 48 of the CDM modalities and procedures “Existing actual or historical emissions as applicable.” Applicability This methodology is …

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Challenges of Voluntary Carbon Market and How to Overcome them         

Challenges of Voluntary Carbon Market The carbon market, while designed to address climate change by incentivizing emissions reduction, faces several challenges that can impact its effectiveness and overall success. Some of the key challenges of the carbon market include: How to overcome these challenges Overcoming the challenges of the carbon market requires a combination of …

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Voluntary Carbon offset market – Substantial upsurge in future         

Voluntary carbon offsets play a role in assisting companies and nations in achieving their ambitious climate goals. Through the purchase of “Credits” from initiatives that either decrease or eliminate carbon emissions, both private businesses and government bodies aim to decrease the effects of their emissions in the near future, while simultaneously striving to eventually eliminate …

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General process for allotment of Carbon Credits

The process of allotment of carbon credits involves the distribution of emissions allowances or offsets to entities, countries, or projects that are participating in emissions trading systems or carbon offset programs. This process varies depending on the specific emissions reduction scheme or program in place. Here’s a detailed explanation of the typical steps involved in …

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Carbon Credits

Carbon credits are a key component of emissions trading systems and carbon offset projects. They are a way to incentivize and facilitate the reduction of greenhouse gas emissions, primarily carbon dioxide (CO2) and other pollutants, that contribute to climate change. Carbon credits are a tradable commodity that represents a unit of emissions reduction or removal …

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Hydroelectric Power  AND RELATIVE CARBON EMISSIONS                                    

Hydroelectric Power Hydroelectric power, often referred to as hydropower, is a renewable energy technology that generates electricity by utilizing the energy of flowing water. It involves harnessing the kinetic energy of moving water and converting it into electrical energy through mechanical and electrical systems. Working This process of converting the energy of flowing water into …

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