2024.11.16 Sat.
- 14:00 - 15:15
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Standardization of Intervention-based GHG Accounting/Avoided Emissions in Industry & Finance
- Organizer
- Ministry of Economy, Trade and Industry (METI)
- Co-organizer
- World Business Council for Sustainable Development (WBCSD)
- Details
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Abstract
In the G7 Climate, Energy and Environment Ministers Communiques of 2023 and 2024 as well as the conclusions of the G7 Industrial Decarbonization Agenda (IDA), the value of the concept of 'Avoided Emissions' was recognized and the build-out of an international standard for measuring avoided emissions was recommended. At COP 29, we aim (i) to demonstrate the progress on the development of standardized assessment frameworks and the link to transition finance mechanisms, (ii) to obtain further commitment from, and contribute to the application by, industry, policy, and financial institutions (iii) to strengthen the exchange and alignment between globally leading standard setters and practitioners to ensure practicability, robustness, and outline a path forward. This session will introduce Japan METI’s, Japan GX League’s and WBCSD’s efforts to build trusted mechanisms that mobilize financial resources to accelerate the deployment of low-carbon solutions. It will also focus on the progress and perspectives from standard setters such as ISO and the GHG Protocol.
Program
Opening Remarks
- TAJIRI Takahiro | Deputy Director-General for Green Transformation, METI
Keynote
- Dominic Waughray | Executive Vice President, WBCSD
- Mardi McBrien | Chief of Strategic Affairs & Capacity Building, ISSB
Case Study Presentation
- Marvin Henry | Lead Avoided Emissions, WBCSD
- MORISHITA Osamu | Head of the Sustainability Promotion Department, Mizuho Securities Co., Ltd.
- TAKAHASHI Hiromu | Manager, Sustainability Development Dept., Ajinomoto
Panel Discussion
- Angelica Afanador | Executive Director, PCAF
- Ovais Sarmad | Steer Committee Vice-Chair, GHG Protocol
- Benoit Desforges | ISO/TC207/SC 7 Chair, ISO
- UEHARA Hirotoshi | On behalf of IEC Avoided Emission activity / Executive Officer, Panasonic Operational Excellence
- Alexander Nick | Senior Director, WBCSD
Closing Remarks
- MAEDA Hiroshi | Director, Global Environmental Affairs Division, METI
- Session Summary
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In their keynote speeches, Mr. Dominic Waughray from WBCSD emphasized the need for intervention-based impact accounting to drive innovation, while Ms. Mardi McBrien from ISSB stressed the importance of harmonizing sustainability standards. WBCSD introduced an open consultation for refining their Guidance. Mizuho Securities and Ajinomoto presented examples of avoided emissions in sustainable finance and agriculture. A panel discussion then covered efforts to establish and harmonize standards, focusing on credibility, transparency, interoperability, stakeholder engagement, and the role of standards in supporting innovation.
Group Photo 
Keynote 
Open Consultation Announcement 
Panel Discussion