The world’s leading authority on carbon accounting has proposed stricter disclosure rules that are set to make it more challenging for large power users such as Amazon and Meta to hit their climate targets.
The EU, California, and the International Financial Reporting Standards all draw on the voluntary Greenhouse Gas Protocol oversight body in their guidelines on how companies should disclose their carbon footprints.
This week, the Protocol proposed the first update in a decade to how it measures power-sector emissions, in a move that would upend the way many tech, industrial, and utilities groups account for clean energy investments.