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What is the ‘Greenhouse Gas Protocol’?
- A.It is an international accounting tool for government and business leaders to understand, quantify and manage greenhouse gas emissions.
- B.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
- C.It is an intergovernmental agreement ratified by all the member countries of the United Nations to reduce greenhouse gas emissions to specified levels by the year 2022
- D.It is one of the multilateral REDD+ initiatives hosted by the World Bank
▶ Answer & Explanation
Correct answer: A. It is an international accounting tool for government and business leaders to understand, quantify and manage greenhouse gas emissions.
The Greenhouse Gas Protocol is a widely used international accounting standard for measuring and reporting greenhouse gas emissions. It provides frameworks for companies, cities, states, and regions to track their emissions and establish reduction targets. This accounting tool is crucial for effective climate change mitigation strategies.
Source: UPSC gs1 2016