Last week, I helped put together and participated in a workshop hosted by the World Bank on GHG accounting and analysis. To me, it was a very valuable opportunity to take stock of the progress the World Bank and other institutions are making on GHG analysis, focusing on new tools and methodologies in specific sectors – namely transport, energy and urban.
While determining the impact of project related GHG emissions is not new, understanding which approaches to take given the variety of projects, sectors and countries we work in is becoming increasingly important. As there are costs associated with implementing GHG accounting across large variety of sectors, a good dose of pragmatism is required to ensure that scarce resources are devoted to activities where emissions reductions can have a potentially higher long-term impact on the global challenge of low carbon growth. This of course is no small feat.