OECD COP29 Virtual Pavilion

GHG emissions accounting and reporting for transport

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

Description

The transport sector significantly contributes to global greenhouse gas (GHG) emissions, posing substantial environmental and economic risks. As commitments to achieve net-zero carbon emissions increase, the need for robust tracking and reporting of GHG emissions is even more crucial. The accounting and 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. This session aims to demystify the complex landscape of emissions calculation and reporting in the transport sector, which is often characterised by a plethora of methodologies, standards, and regulations. While efforts have been made to link these interventions, more transparency is needed to enhance mpact and efficiency, to ultimately enable disclosure of transport emissions, assess risks related to climate transition and define ways to mitigate those risks. For the private sector, an in-depth, consistent, and transparent GHG inventory is essential to identify and manage climate-related risks. Understanding the source of its emissions and how they can be reduced allows companies to optimise processes, reduce environmental impact, and demonstrate responsibility to investors. This session examines current GHG accounting and reporting practices in the transport sector, identifies key challenges, and outlines ways to overcome them, providing a roadmap to improve transparency and consistency and ultimately helping the industry to reduce its environmental impact and move towards more sustainable practices.

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Moderated by

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Speakers

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The OECD COP29 Virtual Pavilion is a contribution toNet Zero+: Building Climate and Economic Resilience

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