A company purchases renewable energy certificates (RECs) to cover its electricity use. Under the GHG Protocol market-based method, how does this affect its Scope 2 emissions?
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A
Scope 2 emissions are reduced to zero for the covered electricity
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B
Scope 2 emissions are moved to Scope 3 Category 1
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C
RECs have no effect on Scope 2 under market-based accounting
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D
RECs reduce Scope 1 emissions proportionally