The IEEE (Institute of Electrical and Electronics Engineers, Inc.) has begun work on a standard to help hydro- and wind-power projects calculate greenhouse gas (GHG) emission credits.
The standard, IEEE P1595(TM), "Standard for Quantifying Greenhouse Gas Emission Credits from Small Hydro and Wind Power Projects, and for Grid Baseline Conditions," will attempt to establish an internationally acceptable basis for measuring, evaluating and quantifying the real reduction in CO2 emissions attributable to the specific generation technologies of wind power and small hydro, for use in emissions trading systems.
The standard could help assure countries or jurisdictions involved in GHG emissions trades that they are getting real and true value for emissions credits purchased from another country or jurisdiction.
The standard will use Project Protocols for Wind Power; Small Hydro and Grid Baseline established by Natural Resources Canada as its seed documents.
The IEEE Standards Association, a globally recognized standards-setting body, develops consensus standards through an open process that engages industry and brings together a broad stakeholder community. IEEE standards set specifications and best practices based on current scientific and technological knowledge.
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