GHG Project Protocol
From Open Risk Manual
Definition
The GHG Protocol for Project Accounting (Project Protocol) provides specific principles, concepts, and methods for quantifying and reporting GHG reductions - i.e., the decreases in GHG emissions, or increases in removals and/or storage - from climate change mitigation projects (See GHG Project).
The Project Protocol is the culmination of a four-year multi-stakeholder dialogue and consultation process, designed to draw knowledge and experience from a wide range of expertise. During its development, more than twenty developers of GHG projects from ten countries “road tested” a prototype version of the Protocol, and more than a hundred experts reviewed it.
The Project Protocol’s objectives are to:
- Provide a credible and transparent approach for quantifying and reporting GHG reductions from GHG projects;
- Enhance the credibility of GHG project accounting through the application of common accounting concepts, procedures, and principles; and
- Provide a platform for harmonization among different project-based GHG initiatives and programs.
