Lack of harmonisation of greenhouse gases reporting standards and the methane emissions gap
File(s)
Published version
Author(s)
Cenci, Simone
Biffis, Enrico
Type
Journal Article
Abstract
Monitoring companies’ contributions to climate dynamics and their exposure to transition risks requires accurate measurements of their non-carbon dioxide greenhouse gas emissions (non-CO2 GHG). However, carbon accounting standards are not harmonised and allow for some discretion when converting emissions of different GHGs into CO2 equivalent units, the currency in which carbon footprints are expressed. Focusing on methane, we build counterfactual harmonised standards using the latest IPCC Global Warming Potential (GWP) values over 100 years and estimate a cumulative gap in reported methane emissions of 170MtCO2e ( ~6Tg) over a sample of 2864 companies. Changing the counterfactual from GWP100to GWP20, as recently codified in certain jurisdictions and initiatives, increases the cumulative gap to 3300MtCO2e ( ~40Tg). The gap only covers direct emissions and hence understates the extent of potential under-reporting across value chains. Overall, our study underscores the importance of global harmonisation of CO2-equivalence standards to coherently track corporate GHG emissions and their exposure to transition risks.
Date Issued
2025-02-11
Date Acceptance
2025-02-03
Citation
Nature Communications, 2025, 16
ISSN
2041-1723
Publisher
Nature Portfolio
Journal / Book Title
Nature Communications
Volume
16
Copyright Statement
© The Author(s) 2025 Open Access This article is licensed under a Creative Commons Attribution 4.0 International License, which permits use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons licence, and indicate if changes were made. The images or other third party material in this article are included in the article’s Creative Commons licence, unless indicated otherwise in a credit line to the material. If material is not included in the article’s Creative Commons licence and your intended use is not permitted by statutory regulation or exceeds the permitted use, you will need to obtain permission directly from the copyright holder. To view a copy of this licence, visit http://creativecommons.org/licenses/by/4.0/.
License URL
Identifier
10.1038/s41467-025-56845-3
Publication Status
Published
Article Number
1537
Date Publish Online
2025-02-11