Do you feel there will be a global standard procedure for GHG accounting? If not, how does a multinational company account GHGs in various parts of the world?
A. It is likely that the types of trading mechanisms being developed will eventually result in a global trading scheme.There are apparently enough similarities across the various trading schemes to confidently allow multinational companies to be proactive in managing GHGs. Even though there may be a need for refinement as a standard scheme is crafted, the risks seem to be less than if a company decides to take no action at all. It is safe to establish a baseline and join the registry in order to eventually trade the reductions that are established.
Related Questions
- Do you feel there will be a global standard procedure for GHG accounting? If not, how does a multinational company account GHGs in various parts of the world?
- Why is the GCC region relevant to almost any multinational company’s long-term global strategy?
- What was the impetus for a move toward a global accounting standard?
