The original announcement was published here (pdf).
Tokyo, 31 January 2024 - In a proactive move to address climate change challenges, the signatories below have jointly issued an open letter advocating for a significant update to the Greenhouse Gas Protocol (GHG Protocol). This letter, representing the collective voice of businesses and organizations committed to environmental sustainability, advocates for the integration of a market-based approach, and the inclusion of low-carbon fuels* certificates within the GHG Protocol's Scope 1 Inventory. The aim is to reshape emission reduction strategies for a more streamlined energy transition towards a sustainable future.
Directed to the GHG Protocol Secretariat, the letter emphasizes the urgency of action against climate change and positions the GHG Protocol as a pivotal framework for greenhouse gas emissions accounting and reporting. The benefits of including low-carbon fuel certificates in Scope 1 inventory calculations include the provision of more viable options for businesses grappling with infrastructure and technological barriers and the enhancement of global leadership in climate action. It also underscores the need for future guidance on emissions accounting for emerging technologies, like Carbon Capture and Utilization (CCU).
The proposed update seeks to revolutionise Scope 1 emissions reporting by incorporating market-based accounting, a move that could transform how businesses approach their energy transition. This initiative is spearheaded by the signatories, leading a collaborative effort that brings together a diverse group of stakeholders in the business and environmental sectors. Their dedication to environmental stewardship and sustainable practices is driving a call for the adoption of more hands-on and concrete strategies in the global fight against climate change.
Together, we can influence policy changes that have far-reaching implications for the future of our planet and generations to come.
The open letter text can be consulted here (pdf).
ENDS
*Low Carbon fuels are fuels that have fewer emissions, resulting in a lower carbon footprint compared to traditional fossil fuels. They can be used to generate electricity for industrial facilities, heat and power systems. These fuels either reduce lifecycle carbon emissions or recycle carbon. They are produced through various methods, including biological and chemical processes or a combination of these processes. Examples of low-carbon fuels include sustainable aviation fuel, biodiesel, biomethane, e-fuels and e-methane. Reference: Low Carbon Fuels and Energy Sources Basics Energy.gov, accessed October 31, 2023.
