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CEP Climate Change Strategy & Carbon Management Flashcards

6 cards from real CEP practice questions. Tap to flip, then mark Knew It or Still Learning — missed cards come back until you master them.

Read the first 6 CEP Climate Change Strategy & Carbon Management flashcards as text

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

    Answer: Direct emissions from owned or controlled sources

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

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

    Answer: Kyoto Protocol

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

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

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

    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.

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

    Answer: GHG Protocol Scope 2 Guidance

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

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

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

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

  6. What is a 'transition risk' in climate-related financial risk assessment per TCFD recommendations?

    Answer: Financial risk arising from the shift to a lower-carbon economy, such as policy changes or technology shifts

    TCFD defines transition risks as risks related to the transition to a lower-carbon economy, including policy, legal, technology, market, and reputational risks.