RENEWCONNECT - All about renewables & power sector

Greenhouse Gas (GHG) Accounting involves quantifying emissions across different scopes (Scope 1, Scope 2, and Scope 3) and is typically guided by protocols such as the Greenhouse Gas Protocol. Here are the key formulas and approaches used in GHG accounting for each scope: 1. Scope 1: Direct Emissions Scope 1 includes direct emissions from sources owned or controlled by the organization (e.g., fuel combustion in company-owned vehicles, emissions from manufacturing processes). Formula for Combustion Emissions For fossil fuel combustion: Emissions = Activity Data × Emission Factor \text{Emissions} = \text{Activity Data} \times \text{Emission Factor} Emissions = Activity Data × Emission Factor Activity Data : Quantity of fuel used (e.g., liters of diesel, cubic meters of natural gas). Emission Factor : A coefficient that represents the emissions produced per unit of activity (e.g., kg CO₂ per liter of diesel). Example (CO₂ emissions from fuel): CO₂ Emissions = Fuel...

An overview of these concepts in sustainability and environmental stewardship: 1. Net Zero Definition : Net Zero refers to achieving a balance between the amount of greenhouse gases (GHG) emitted into the atmosphere and the amount removed. The goal is to reduce emissions to as close to zero as possible, with any remaining emissions offset by removing carbon through natural or technological means (like reforestation or carbon capture). Purpose : The aim is to prevent further global warming and reduce the adverse effects of climate change by minimizing the GHG footprint of businesses, industries, and governments. Approach : It often involves reducing emissions through energy efficiency, transitioning to renewable energy, and investing in carbon offset programs. 2. Sustainability Reporting Definition : Sustainability Reporting is a practice where organizations disclose information on their environmental, social, and governance (ESG) performance. This includes tracking and reporting on ene...