What is 'Greenhouse Gas Protocol?
- AIt is an international accounting tool for government and business leaders to understand, quantify and manage greenhouse gas emissionsCorrect
- 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
Explanation
The 'Greenhouse Gas Protocol' (GHG Protocol) is a widely used international accounting standard and framework. Developed by the World Resources Institute (WRI) and the World Business Council for Sustainable Development (WBCSD), it provides a comprehensive global standardized framework to measure and manage greenhouse gas emissions from private and public sector operations, value chains, and mitigation projects. It is essentially a set of standards that helps organizations quantify, report, and manage their GHG emissions.
Options B, C, and D describe other types of initiatives (financial incentives, inter-governmental agreements, or specific REDD+ initiatives) that do not align with the core function of the GHG Protocol.
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