OECD COP29 Virtual Pavilion

GHG emissions accounting and reporting for transport

OnlineNov 19, 2024 | 10:30 AM - 12:00 PM

Data & trackingTransport

Description

The transport sector significantly contributes to global greenhouse gas (GHG) emissions, posing substantial environmental and economic risks. With the growing number of commitments to achieve net-zero carbon emissions, the need for robust tracking and reporting of GHG emissions is crucial. The reporting landscape is rapidly evolving, not just within the transport sector but across all areas of sustainability to support global goals such as the Paris Climate Agreement. Recognising the critical importance of this topic, this project aims to demystify the complex landscape of emissions calculation and reporting for transport, which is often characterised by a plethora of methodologies, standards, and regulations. While effort has been made to link these different types of interventions together, more could be done to make these links transparent to their users and to strengthen the impact and efficiency of these efforts. The objective is to enable disclosure of corporate and product carbon footprints, assess risks related to climate transition and define ways of mitigating those risks. For the private sector, an in-depth, consistent, and transparent GHG inventory helps companies identify climate-related risks and enables them to manage those risks. It also allows companies to improve their efficiency by optimising the use of resources. A company needs to know what its emissions are, where they come from, and how those can be reduced for the optimisation of its processes, to reduce its environmental impact, and to show investors that it is responsible for its processes. This project evaluates the current state of GHG accounting and reporting practices in the transport sector, identifies key challenges, and how to overcome those. By doing so, it provides a roadmap to improve transparency and consistency in emissions accounting and reporting, ultimately helping the industry reduce its environmental impact and move towards more sustainable practices.

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