Greenhouse Gas Analysis at the World Bank

This report builds on reviews of
available methodologies, tools, and practices for greenhouse
gas (GHG) analysis, and summarizes the outcomes of pilot
studies. It discusses the issues and challenges associated
with GHG analysis for energy, transport and forestry
projects such as setting project boundaries and accounting
for indirect emissions. To do this it draws on existing
United Nations Framework Convention on Climate Change
(UNFCCC) methodologies, IPCC National GHG Inventories
guidelines, the GEF and CDM/JI methodological frameworks,
the GHG Protocol Initiative standards, World Bank
Environment Department papers, and methodologies used by
other international finance institutions. The outcome of
fourteen pilots provides a rich and varied set of
experiences in terms of approaches taken, and application of
tools and methodologies. Assessing GHG emissions from
investment operations is becoming common practice for
mostmultilateral and bilateral institutions, and
the international financial community in general. The
existing methodologies and tools could be applicable to a
significant majority of the investment lending portfolio in
energy, transport, and forestry. The pilot studies served to
generate interest from the clients as they were linked to
investment lending operations.