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Mounting concern over climate change around the world has resulted in a wide array of legislative, regulatory and voluntary responses for reporting and reduction of greenhouse gas emissions (GHG).
The Kyoto Protocol, while never formally ratified by the US, established a protocol and reduction targets for greenhouse gas emissions in 1997. In 2009, the United Nations Climate Change Conference, commonly known as the Copenhagen Summit, sought to achieve a new commitment for reduction of greenhouse gas emissions. While the Copenhagen Summit was not successful in reaching a formal agreement, an increasing number of companies are voluntarily reporting greenhouse gas emissions. In addition, legislative and regulatory solutions that have been adopted by other countries continue to be debated in the US policy arena.
This SOP is an essential resource for practitioners performing GHG engagements and provides guidance on:
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