CEP CEP Climate Change Strategy & Carbon Management

Question 1

What does 'Scope 1' greenhouse gas emissions refer to under the GHG Protocol?

Accepted Answer

Direct emissions from owned or controlled sources

Answer

Scope 1 covers direct GHG emissions from sources owned or controlled by a company, such as on-site combustion and company vehicles.

Question 2

Which international agreement established legally binding emissions reduction targets for developed nations and introduced carbon market mechanisms?

Accepted Answer

Kyoto Protocol

Answer

The Kyoto Protocol (1997) set binding emission reduction targets for developed countries and introduced flexibility mechanisms like emissions trading and CDM.

Question 3

What is a 'Science-Based Target' (SBT) in the context of corporate climate strategy?

Accepted Answer

An emissions target aligned with the level of decarbonization required to meet Paris Agreement temperature goals

Answer

Science-Based Targets are corporate GHG reduction goals validated by the SBTi to ensure alignment with limiting global warming to 1.5°C or well below 2°C.

Question 4

Which carbon accounting methodology distinguishes between market-based and location-based approaches for Scope 2 emissions?

Accepted Answer

GHG Protocol Scope 2 Guidance

Answer

The GHG Protocol's Scope 2 Guidance requires companies to report both market-based (energy contracts) and location-based (grid average) Scope 2 figures.

Question 5

What is 'carbon neutrality' as typically defined in corporate climate commitments?

Accepted Answer

Balancing the amount of carbon emitted with an equivalent amount offset or removed

Answer

Carbon neutrality means a company balances its residual GHG emissions through verified carbon offsets or removals, resulting in a net-zero carbon footprint.

(CEP) Certified Environmental, Social, and Governance (ESG) Planner Practice Test

(CEP) Certified Environmental, Social, and Governance (ESG) Planner Practice Test

CEP CEP Climate Change Strategy & Carbon Management