Company-level carbon budgets
Cabinet approved the Company-Level Carbon Budget Allocation Mrthodology approach for implementation. A mandatory carbon budget system targetting high-emitting companies to adopt assigned amounts of greenhouse gas emissions as five-year commitment allocations. The carbon budget allocation methodology sets out the scope of mandatory carbon budget implementation and details operational frameworks to be used to calculate and allocate company-level carbon budgets for the first mandatory phase and beyond.
Company-level carbon budget supports SCP by contributing towards reduction of GHG emissions and implemntation of the UNFCCC Paris Agreemnt.