The new Partnership for Carbon Accounting Financials guidance goes beyond the dominant financed emissions metric and could be used to quantify avoided emissions from financing the early phase-out of coal, which has gained momentum in Asia.
The industry-led body counts over 560 financial institutions among its members and has emerged as the gold standard for measuring and disclosing emissions associated with loans and investments, also referred to as “financed emissions” as well as capital markets transactions, or “facilitated emissions”.
Up until 28 February 2025, the Partnership for Carbon Accounting Financials (PCAF) will be consulting on its inaugural guidance to expand avoided emissions reporting to all asset classes, beyond renewable power projects which such reporting was previously restricted to.
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