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Greenhouse Gas Protocol's Scope 2 emissions rule change faces backlash

The Greenhouse Gas Protocol is proposing a significant revision to its Scope 2 emissions accounting guidelines, which could drastically alter how companies track their clean energy usage. The proposed change mandates that companies can only claim credit for clean energy if it's produced within the same hour and on the same grid as the fossil fuel-generated electricity it offsets. This stricter methodology, if adopted, would invalidate a substantial portion of the current renewable energy credit market and could negatively impact the sustainability scores and business prospects of many corporations, particularly those with existing long-term energy contracts. AI

IMPACT This policy change could impact corporate sustainability reporting and investment, indirectly affecting AI companies' supply chains and reporting requirements.

RANK_REASON Policy change proposal with significant industry impact. [lever_c_demoted from significant: ic=1 ai=0.4]

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Greenhouse Gas Protocol's Scope 2 emissions rule change faces backlash

COVERAGE [1]

  1. Fortune TIER_1 English(EN) · Mike Feibus ·

    A proposed clean-energy rule could shake up corporate America—and your portfolio

    A proposed emissions-accounting overhaul could scramble corporate net-zero plans and the renewable-energy market.