It is an international accounting tool for government and business leaders to understand, quantify and manage greenhouse gas emissions
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
Correct Answer: Option A
Explanation
1. The 'Greenhouse Gas Protocol' (GHG Protocol) establishes comprehensive global standardized frameworks to measure and manage greenhouse gas (GHG) emissions from private and public sector operations, value chains, and mitigation actions.
2. It provides the world's most widely used greenhouse gas accounting standards. It serves as an international accounting tool designed for government and business leaders to understand, quantify, and manage their GHG emissions.
3. Option (A) accurately describes the nature and purpose of the GHG Protocol.
4. Option (B) describes a financial incentive mechanism, not the GHG Protocol.
5. Option (C) describes an inter-governmental agreement like the Kyoto Protocol or Paris Agreement, which is different from the GHG Protocol's function as an accounting standard.
6. Option (D) incorrectly links it to REDD+ initiatives and the World Bank; the GHG Protocol is a partnership between the World Resources Institute (WRI) and the World Business Council for Sustainable Development (WBCSD).