Question

UPSC Prelims 2016 Question:

What is the ‘Greenhouse Gas Protocol’?

1. It is an international accounting tool for government and business leaders to understand, quantify and manage greenhouse gas emissions.
2. 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.
3. 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.
4. It is one of the multilateral REDD+ initiatives hosted by the World Bank.

Answer (Detailed Solution Below)

Option 1: It is an international accounting tool for government and business leaders to understand, quantify and manage greenhouse gas emissions.

Detailed Solution

Explanation:

The Greenhouse Gas Protocol (GHG Protocol) is the most widely used international accounting tool for government and business leaders to understand, quantify, and manage greenhouse gas emissions.
The GHG Protocol is a decade-plus partnership between the World Resources Institute (WRI) and the World Business Council for Sustainable Development (WBCSD). The GHG Protocol offers an internationally accepted management tool to help businesses to compete in the global marketplace and governments to make informed decisions about climate change.
It provides the accounting framework for nearly every GHG standard and program in the world - from the International Standards Organization to The Climate Registry - as well as hundreds of GHG inventories prepared by individual companies.

Therefore, option (1) is the correct answer.

Subject: Environment | Environmental Organisations and Conventions

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