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Boston Carbon Corporation Services - Monitoring, Reporting

Monitoring
Third party (ERT, RW Beck, Burns & Roe or Acres Intn'l) will establish and maintain, on behalf of BCC and its clients, the GHG Emissions Account. This account shall record, track and cumulate the Qualified (Certified) Emission Reductions, as determined by the third party review of:

  • the acquisition, administration or effectuation by BCC, of emissions reductions submitted to the third party by BCC in an Annual Statement, quantified and verified by the Protocol; and
  • any and all such transfers and sales, including options, of the emissions reductions described in (a.) above
Third Party shall:
  • for the purpose of ensuring such reports and documentation adequately demonsttrate the quantity of Qualified Emissions Reductions contained in each Annual Statement for each Emissions Reduction Project, review all reports and documentation, upon which BCC may rely in providing Third Party with each Annual Statement; and
  • subject to schedule, to be specified, by no later than October 31 of each year, prepare at BCC's request, an annual public report of Emissions Reductions held by or through BCC and provide such report and statements of account to BCC.

Reporting
Reported information should be relevant, complete, consistent, transparent and accurate. A public GHG emissions report should include the following information:
  1. Description of the reporting organization and its boundaries
    • provide an outline of the organization and the reporting boundaries chosen
    • specify the reporting period covered
    • justify any specific exclusion of sources
  2. Information on emissions and performance
    • report emissions data on both a control-based and an equity share-based approach
    • report emissions data separately for each scope
    • report emissions data for all six GHG separately (CO2, CH4, N2O, HFC's, PFC's & SF6) in metric tons and in metric tons of CO2 equivalent
    • illustrate performance over time and, if appropriate, relative to a base year datum and a target
    • subdivide emissions data further where this aids the transparency, e.g. by business units / facilities, by country and by source types
    • report relevant ratio performance indicators
    • illustrate performance against internal and external benchmarks
  3. Supporting information
    • describe the methodologies used to calculate & account for emissions
    • provide appropriate context for any significant emissions changes, such as extended process shut downs, acquisitions / divestitures, outsourcing / insourcing, plant closures / openings, process changes, changes in reporting boundaries or calculation methodologies
    • report any emissions reduction Credits that are banked, purchased from, or sold to a third party. Specify if the reduction is verified / certified and provide adequate supporting information
    • outline and GHG mangement / reduction programs or strategies, as well as information on GHG reduction projects accruing outside the reporting boundaries
    • report emissions from gases not covered by the Kyoto Protocol, e.g. CFC's, SOx, NOx, etc.
    • outline external assurance provided over the reported emissions data
    • provide a contact person
Verifying
Verification is the objective and independent assessment of whether the reported GHG inventory is in conformance with pre-established GHG accounting and reporting standards. Verification involves testing certain assertions of accuracy and completeness and the supporting evidence in the form of an audit trail of how the GHG inventory was generated, compiled and reported. Material needed for GHG Verification:
  1. Information about the company
    • main activities and their GHG emiissions (types & activities at cause)
    • company organization (subsidiaries, location and structure)
  2. Data sources for calculating emissions
    • energy consumption data
    • production data
    • raw matereial consumption data
    • activity data
  3. Description of how GHG emissions data have been calculated
    • emissions factors used and their justification
    • assumptions on which estimations were based
  4. Information gathering process
    • description of systems used to collect & process data at the facility
    • description of control procedures applied (audits, etc.)
  5. Other information
    • consolidation spreadsheets
    • list of parties responsible for collecting GHG emissions data
    • information on uncertainties
Documentation
Reporting entities need to guarantee the existence, quality and retention of documentation so as to create an audit trail of how the inventory was compiled. Information that underpins GHG inventory data should be recorded inan electronic database or other systematic manner.

 
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