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🌱 Environment & EcologyUPSC 2016Sustainable Development

What is ‘Greenhouse Gas Protocol’?

aIt is an international accounting tool for government and business leaders to understand, quantify and manage greenhouse gas emissions.
bIt 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
cIt is an inter-governmental agreement ratified by all the member countries of the United Nations to reduce greenhouse gas emissions to specified levels by the year 2022
dIt is one of the multilateral REDD+ initiatives hosted by the World Bank
✓ Correct answer: a) It is an international accounting tool for government and business leaders to understand, quantify and manage greenhouse gas emissions.
ExplanationGHG Protocol is developing standards, tools and online training that helps countries to measure and manage greenhouse gas (GHG) emissions from private and public sector operations, value chains and mitigation actions.The GHG Protocol arose when the World Resources Institute (WRI) and World Business Council for Sustainable Development (WBCSD) recognized the need for an international standard for corporate GHG accounting and reporting in the late 1990s.107

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