GEF Agencies are required to estimate greenhouse gas (GHG) impacts on the GEF-funded climate change mitigation projects, and to report on them. For this reason, since 2008, the GEF with support from the GEF Scientific and Technical Advisory Panel (STAP), UNEP, and UNDP, has developed greenhouse gas (GHG) accounting methodologies for GEF projects in energy efficiency, transport, renewable electricity, and sustainable land management.
In November 2014, the GEF Secretariat, in cooperation with STAP, started a review process aimed at further refining its GHG accounting methodologies, and exploring opportunities to harmonize them with those developed by relevant partners. The Guidelines for Greenhouse Gas Emissions Accounting and Reporting for GEF Projects present the results of this exercise.
The GEF-funded projects provide support to national policies, standards and codes, institutional development, capacity building, and other technical assistance. It is important to underscore that such GEF support requires GEF accounting methodologies to contain components for estimating consequential (or indirect) emission reductions that could be generated from implementation of policy-relevant and other technical assistance measures.
What We Do
The GEF is participating an exercise and developing a framework that will provide general principles to harmonize greenhouse gas (GHG) emission reporting and accounting methodologies, with Multilateral Development Banks (MDBs) and International Financial Institutions (IFIs). Titled “International Financial Institution Framework for a Harmonized Approach to Greenhouse Gas Accounting”, the framework represents an important first step towards standard methodologies for accounting and reporting GHG emission reduction benefits from MDBs’ and IFIs’ climate investment projects and programs. As of November 2015, the participating MDBs and IFIs completed harmonizing GHG accounting methodologies for energy efficiency, renewable energy, and transportation projects.
The GEF has been an active advocate for the MDB/IFI GHG accounting and harmonization process, given that most of the MDBs and IFIs are GEF’s implementing Agencies. The GEF and MDBs/IFIs have similar project types and clients in developing countries and countries with economy in transition. The GEF launched its own GHG accounting program in the early 2000s. Over the past 10 years, the GEF has developed GHG accounting methodologies for energy efficiency, renewable energy, and transport projects. These methodologies have been widely used by the GEF agencies and humanized in the MDBs/IFIs methodologies.
Harmonizing GHG accounting methodologies for other projects and programs
- International Financial Institution (IFI) Framework for a Harmonised Approach to Greenhouse Gas (GHG) Accounting
- IFI Approach to GHG Accounting for Energy Efficiency Projects
- IFI Approach to GHG Accounting for Renewable Energy Projects
- IFI Joint approach to GHG assessment in the Transport Sector
Methodologies, Tools and Resources Produced by Key Partners
- World Bank GHG Accounting Guidance Note #3
- Climate Investment Fund (CIF) at the World Bank
- IFC of the World Bank Group
- Asian Development Bank
- World Resources Institute:
- Agriculture, Forestry and Other Land Use projects:
- Urban sector projects
- Stationary Combustion of Biomass Projects
- Datasets for default values at the stage of project identification form (PIF):