The need for a sustainable and just energy transition has never been more urgent. Global collaborative actions are needed to create an enabling environment for deep decarbonization of heavy industries. Policy frameworks that support a shared language for measuring and reporting the embodied emissions of products can help unlock the investments needed to deliver on the goals of the Paris Agreement and limit global temperature increase.
This white paper aims to initiate discussions and provide constructive input to national fora, facilitating a collaborative exchange of ideas and strategies for the practical implementation of harmonized greenhouse gas accounting on a global scale.
The urgency of driving towards harmonized greenhouse gas accounting approaches cannot be overstated. To achieve our climate goals, we must ensure that these frameworks can serve as a robust and trusted foundation for informed decision-making. A harmonized accounting system will not only enhance transparency, but will also facilitate fair comparisons of products and allow those investing in decarbonization to capture value from the market.
It is important to emphasize that this white paper represents a starting point – a call for collaborative action – rather than a conclusive stance of any government. We recognize the need for a nuanced approach that reflects the diverse circumstances and challenges faced by different regions and sectors. The journey towards harmonized emissions accounting is a shared endeavor, and its success relies on the engagement and commitment of governments, as well as industry, standardization bodies and civil society organizations around the world.