Going Beyond Megawatt Hour Matching

The release of the Scope 2 Guidance in 2015 coincided with significant growth in corporate voluntary procurement. It has been foundational to corporate decarbonization strategies ever since.

Corporate buyers, developers, NGOs and investors are ready to embrace an accounting framework that moves beyond the current approach of megawatt-hour matching, and focuses on the heart of the matter – emissions impact.

Is it time to update accounting standards for corporate emissions to improve emissions accounting accuracy and ensure clean energy investments maximize electricity decarbonization?