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Global GHG Register: Progress, Challenges, and Future Directions from COP10 Buenos Aires

The presentation by Robert Casamento at COP10 Buenos Aires on December 9, 2004, outlines the Global GHG Register's progress and challenges for improving transparency in greenhouse gas (GHG) reporting worldwide. The Register serves as a unique platform for businesses to disclose their GHG inventories, promoting dialogue on harmonizing measurement and reporting standards. Participants express key issues and concerns, while collaboration with partner organizations highlights the challenges encountered and future goals aimed at enhancing corporate responsibility and public accountability on climate change.

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Global GHG Register: Progress, Challenges, and Future Directions from COP10 Buenos Aires

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  1. Global GHG RegisterResults and New Challenges UNFCCC, Conference of the Parties (COP) 10Buenos Aires, 9 December 2004Presented by Robert Casamento, Project Director

  2. Agenda • Update on the Global GHG Register and its activities in 2004 • Hear from participants about why they are involved and some of the key issues they believe are important • Hear from partner organisations their thoughts on some of the key challenges for 2005 • Questions & Answers

  3. What is the Global GHG Register? • Public-private partnership that: • Provides the only global platform for the Disclosure of worldwide GHG emission inventories and reduction activities • Provides a forum for Dialogue on harmonisation of GHG emission measurement and reporting standards being developed across various programmes and jurisdictions • Facilitates Recognition by the public and opinion leaders of the contribution that businesses around the world, individually and as a whole and from developed and developing countries alike, are making with respect to climate change

  4. Supporting Partners

  5. Disclosure

  6. The Global GHG Register • A web-based platform that allows companies to disclosure their worldwide GHG emission inventories and reduction targets • It is the only Register programme that focuses on global engagement and outreach • Key objective: to improve the transparency of corporate GHG reporting

  7. Committed participants

  8. What does this mean?

  9. Global GHG R: Over 800 MtCO2e Countries in which the participants have operations

  10. What have they committed to do? • Prepare a corporate-wide inventory of GHG emissions for the six major GHGs Basis of preparation is the WRI/WBCSD (revised) GHG Protocol • Allow the reported information to be made publicly available on a web-based platform • Have their inventories of GHG emissions independently verified If not, the company is prepared to allow for the possibility of a random third-party spot check organized by the Register

  11. Optional disclosure • Emissions Reduction Targets • Registration of GHG emission reduction targets is invited and encouraged but not required for registration of a GHG inventory

  12. Public Report’s Website:http://www.weforum.org/site/homepublic.nsf/Content/Global+Greenhouse+Gas+Register

  13. Dialogue

  14. Dialogue A forum for Dialogue on harmonisation of GHG emission measurement and reporting standards being developed across various programmes and jurisdictions

  15. Existing programmes

  16. Existing programmes PROJECTS? CDM? ? ? ? Mexican Reporting Initiative ? Northeast Registry (NESCAUM) Industry Associations (Aluminum, IPIECA, ICFPA, Cement, Iron & Steel)

  17. Concerns • Cost associated in preparing information • Confusion and misunderstanding among stakeholders

  18. Our response • Cross Recognition Agreements • Global GHG Accounting & Reporting Workshop, Paris 6&7 October 2004 • co-hosted with IETA & WBCSD

  19. Cross recognition • Companies can provide data that has already been submitted to (and accepted by) another programme Obviously, there are some conditions of acceptance • Have agreements with US EPA Climate Leaders & CA Registry, Chicago Climate Exchange • Recently approached the Australian Greenhouse Office • Understanding to work together to look into issues associated with reducing the burden on business and improving transparency for stakeholders

  20. Paris Workshop • Key Objectives • To achieve a better understanding of the differences and consistencies among global, regional and national GHG emission measurement and reporting as well as reduction projects from a regulatory requirement and voluntary corporate reporting perspective • Establish a network for on-going discussions • Day 1 focused on GHG reduction projects, day two on GHG inventories

  21. Who attended? • Regulator representatives • EU ETS, Japan (METI), Canada, US (EPA), Australia (NSW Government) • Standard setting organisations • WBCSD, WRI, ISO, IPIECA • GHG Register programmes • US EPA, California Climate Action Register, Chicago Climate Exchange, WWF Climate Savers • Verifiers • BVQI, KPMG, DNV, Deloitte • Corporates • Endesa, Gaz De France, B, Suez, Aloca, Alcan, International Paper, Anglo Amercian, Chevron Texaco, JPower, RWE, Tractabel, Vattenfall, Lafarge • Project Developers / Finance providers • World Bank Carbon Finance, Climate Trust, UNDP, CDC Ixis, Russian Carbon Fund

  22. Outcomes • Projects • In general, the group concluded that work on project-related issues should have the fundamental purpose of improving information on GHG projects. It was suggested that it would be helpful to develop a public disclosure platform that would provide a better understanding of the full spectrum of project possibilities and facilitate movement toward greater fungibility of project eligibility across schemes and discussion of various technical aspects • Inventories • There was overwhelming support to continue the process of dialogue on harmonisation with respect to preparing GHG inventories

  23. Recognition

  24. Facilitating Recognition • Improve the transparency of GHG reporting • Attendance at over 10 Global Conference and Events to talk about the Global GHG Register and the commitments and work participating companies are doing (e.g. Carbon Expo, May 2004) • Partner networks (WBCSD meeting, Nov 2004) • Discussions with shareholders/financial community: for example: CDP, UNEP, Swiss Re, UNDP, CERES • Outreach through the Forum’s Global network • Feeding into the on-going debate • Kyoto and Beyond debate facilitated by the Pew Centre on Global Climate Change • DAVOS Annual Meeting 2005

  25. Looking Forward • Disclosure • Encourage greater participation and commitment from companies to participate • In doing so we will develop a credible quantitative metric that will illustrate the contribution of the private sector to reducing Global GHG emissions • Dialogue • Progress efforts on reducing fragmentation in accounting & reporting practices for both GHG inventories and projects • Improve information and understanding on GHG projects • Recognition • Focus on identifying and raising issues at a CEO and CFO level • Promote recognition of the commitments and activities of the participating companies

  26. Agenda • Update on the Global GHG Register and its activities in 2004 • Hear from participants about why they are involved and some of the key issues they believe are important • Hear from partner organisations their thoughts on some of the key challenges for 2005 • Questions & Answers

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