Guidance on Avoided Emissions: Helping business drive innovations and scale solutions towards Net Zero
Avoided emissions – emissions savings that occur outside a company's value chain – offer an additional means to accelerate decarbonization through the development of products and services in line with a 1.5°C pathway.
The World Business Council for Sustainable Development (WBCSD) and its member companies, in collaboration with Carbone4 and its Net Zero Initiative and released the “Guidance on Avoided Emissions: Helping business drive innovations and scale solutions toward Net Zero”.
Leading global companies, academia and technical experts came together to develop a shared vision of how “Avoided Emissions” could be calculated and leveraged not only by companies but also by financial institutions and governments in their ambition to support and drive climate-aligned decision-making, innovation and purpose definition.
The five key areas to making credible avoided emissions claims covered in this guidance include:
- Defining avoided emissions
- Leveraging avoided emissions
- Ensuring the contribution is legitimate
- Assessing avoided emissions
- Reporting avoided emissions
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