GHG protocol launches carbon accounting standard for land sector

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🗞️ Driving the news: The GHG Protocol has launched its new Land Sector and Removals (LSR) Standard, marking a significant step in carbon accounting for land use, including agriculture, forestry, and other sectors
• This global standard aims to help companies quantify, report, and track GHG emissions and CO2 removals from the land sector, which accounts for about 22% of global emissions
• The standard, set to take effect in January 2027, will address gaps in current reporting and ensure more consistent and credible data on land use emissions

🌍 Why it matters for the planet: The LSR Standard is critical for enhancing transparency in emissions reporting, particularly for sectors that contribute significantly to global warming but have been underreported
• This standard is expected to help businesses manage emissions from activities like land conversion, deforestation, and land management, while promoting efforts in CO2 removal technologies
• By standardizing these practices, it could accelerate the shift towards more sustainable land-use practices and support global climate goals

⏭️ What’s next: Starting in 2027, companies involved in significant land-sector activities will be required to adhere to the new GHG Protocol standards, aligning with global sustainability efforts
• Future updates may include additional guidance on forest carbon accounting and other land-based solutions

💬 One quote: "This standard removes much of that uncertainty by providing a globally recognized benchmark for measuring agricultural impacts with the same rigor as energy use." — Dominic Waughray, WBCSD Executive Vice President

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