What is 'Greenhouse Gas Protocol'?
A
It is an international accounting tool for government and business leaders to understand, quantify and manage greenhouse gas emissions
Correct Answer
B
It is an initiative of the United Nations to offer financial incentives to developing countries to reduce greenhouse gas emissions and to adopt eco-friendly technologies
C
It is an inter-governmental agreement ratified by all the member countries of the United Nations to reduce greenhouse gas emissions to specified levels by the year 2022
D
It is one of the multilateral REDD+ initiatives hosted by the World Bank
Explanation
The Greenhouse Gas Protocol is an international accounting tool developed by the World Resources Institute (WRI) and the World Business Council for Sustainable Development (WBCSD) to provide standardized frameworks for measuring and managing emissions. It is often confused with inter-governmental treaties like the Kyoto Protocol or Paris Agreement (Option C), but it is actually a voluntary partnership rather than a legally binding UN-led mandate. The core concept being tested is the identification of global environmental governance frameworks and the distinction between non-governmental standards and formal international law.
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