Author
Dr Hendrik Garz
Research organisation
WestLB
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A Commentary on the Product-Level Standard
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Document summary
The WestLB paper provides a commentary from the perspective of the financial markets on the product-level standard proposed by The Climate Conservancy.
It argues in favour of a narrowly defined “cradle-to-gate” system that mimics the VAT accounting model. Such a system would be best able to deliver transparency, consistency, and accuracy – all of which are necessary conditions for the system to find acceptance in the financial decision making world.
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