ClimeCo Responds to the Greenhouse Gas Protocol’s Surveys for Standard and Guidance Updates

ClimeCo Responds to the Greenhouse Gas Protocol’s Surveys for Standard and Guidance Updates

Nancy Marshall, SVP, Marketing
+1 484.415.7603 or

ClimeCo Responds to the Greenhouse Gas Protocol’s Surveys for Standard and Guidance Updates

Our experts weigh in on recommended updates to the global greenhouse gas accounting standard.

by: Garrett Keraga | March 20, 2023

ClimeCo's Response to the Greenhouse Gas Protocol
Boyertown, Pennsylvania (March 20, 2023) –
In 2023, the Greenhouse Gas Protocol (GHG Protocol) invited stakeholders to recommend updates to its widely-used standards and guidance for measuring greenhouse gas inventories. This presents a rare opportunity to help shape the way that companies report on emissions, track them over time, and use market-based mechanisms to support global decarbonization efforts. The ClimeCo team gathered leaders from around the company with expertise in measuring inventories, developing environmental commodities, and helping companies lower their emissions. We’ve crafted a response to help push the industry forward constructively and mindfully.

In the survey for the Corporate Accounting and Reporting Standard, we indicated a high level of satisfaction with the existing material and provided a range of minor tweaks to improve fidelity. This included suggestions like improved guidance on emission factor databases and leased asset accounting, improved accounting procedures for companies or portfolio managers with high levels of inorganic growth, and a clear recommendation on a baseline recalculation threshold.

Our responses for Scope 2 and Scope 3 similarly indicated satisfaction with the current guidance but suggested several more areas of improvement. Within Scope 2, we requested clearer guidance around renewable energy certificate (REC) boundaries and improved residual mix emission factor availability globally. We did not see a current need for revisions to the REC market that incorporate proof of total change in low-carbon supply. Our Scope 3 suggestions included creation of a remote work emissions category: consistent allocation of upstream versus downstream emissions, additional industry specific guidance for several categories, and guidance around market-based mechanisms within Scope 3.

Our experts had numerous suggestions for the future of market-based accounting, including expanding market-based accounting into Scope 1 and Scope 3 through inset credits, mass-balance certification, and book and claim certificates. We advised the GHG Protocol to establish systems that use the same principles as the current market-based Scope 2 reporting. Our team believes the voluntary market will continue incentivizing fast-paced, cost-effective progress toward net-zero, regardless of physical limitations. The graphic below explains how this system might work with a book and claim approach for a shipping company.

GHG Protocol - Book & Claim Accounting: Shipping

About ClimeCo

ClimeCo is a respected global advisor, transaction facilitator, trader, and developer of environmental commodity market products and related solutions. We specialize in voluntary carbon, regulated carbon, renewable energy credits, plastics credits, and regional criteria pollutant trading programs. Complimenting these programs is a team of professionals skilled in providing sustainability program management solutions and developing and financing of GHG abatement and mitigation systems.

For more information or to discuss how ClimeCo can drive value for your organization, contact us at +1 484.415.0501,, or through our website Be sure to follow us on LinkedIn, Facebook, Instagram, and Twitter using our handle, @ClimeCo.

ClimeCo Renewable Energy Credits Now Green-e® Energy Certified

ClimeCo Renewable Energy Credits Now Green-e® Energy Certified


ClimeCo Renewable Energy Credits Now Green-e® Energy Certified


Boyertown, PA (February 4, 2020)
—ClimeCo announced today that their “ClimeCo Renewable Energy Credits” clean energy program is now certified by Green-e® Energy, North America’s leading independent certification program for renewable energy. ClimeCo is a project developer, advisor, wholesaler of environmental commodity products, and one of the largest developers of carbon offset projects in the country. ClimeCo Renewable Energy Credits are sourced from a mix of renewable energy resources.

“ClimeCo always evolves to conform to clients’ needs. We are thrilled to offer a voluntary and compliance-based energy acquisition solution,” says Andy Kruger, Senior Director, Environmental Markets at ClimeCo.  “Green-e® certified energy provides a wonderful method for our clients to find and purchase clean energy with an extra measure of confidence”.

Purchasing ClimeCo Renewable Energy Credits allows customers to receive the benefits of clean energy generation while helping encourage the use and development of sustainable energy facilities throughout North America.

As a provider of Green-e® Energy certified renewable energy, ClimeCo abides by the Green-e® Energy Code of Conduct and meets strict disclosure and truth-in-advertising requirements. All participants in Green-e® Energy undergo an annual third-party audit and review of marketing materials to ensure customers receive the correct quantity and type of renewable energy, and accuracy in advertising.

“We are excited to welcome ClimeCo to Green-e® Energy,” said Jennifer Martin, Executive Director of CRS, which runs the Green-e® program. “Through this new product, ClimeCo is providing customers a proven, certified option to reduce the environmental impact of their electricity use while supporting the development of generation that displaces fossil fuels on the grid.”

Green-e® Energy is the leading renewable energy certification and verification program in North America. Administered by CRS, the program provides independent, third-party certification to ensure that certified renewable energy meets strict environmental and consumer-protection standards. In 2018 Green-e® Energy certified over 62 million megawatt-hours in retail transactions to over 1.24 million retail purchasers of Green-e® certified renewable energy—including over 61,000 businesses. This was enough to power over half of U.S. households for a month.

For information, call ClimeCo at 484-415-0501 or visit To learn more about Green-e® certified products and programs available in North America, visit


Nancy Fuchs Marshall
Marketing Director


Jeff Swenerton
Communications Director
Center for Resource Solutions


ClimeCo Corporation is a respected project developer, advisor and trader of environmental commodity market products. Specialized expertise in regional criteria pollutant trading programs, California cap‐and‐trade, voluntary markets and project development and financing of internal CO2 abatement systems complement ClimeCo’s diverse commodity portfolio. Within the Climate Action Reserve, ClimeCo is the largest developer of U.S. GHG‐offset projects and producer of U.S. voluntary carbon offsets, managing projects that reduce more than four million tonnes of CO2e per year. For info, contact 484‐415-0501, or