“Everything up in the air”: LNG, the Strait of Hormuz, and Central & Eastern Europe’s energy future
"LNG shipments to Central & Eastern Europe are reliable as long as those gas markets are not overly dependent upon one supplier."

The project will focus on the framework for carbon emissions accounting standards provided by the Greenhouse Gas Protocol, developed by the World Resources Institute (WRI) and the World Business Council for Sustainable Development (WBCSD), the most comprehensive and widely-used global standard for companies to measure and report their greenhouse gas emissions. The Corporate Value Chain Scope 3 standard measures indirect emissions that result from activities and assets not controlled or owned by the reporting organization across its value chain. This project will study and build on existing methodologies to account for value chain emissions reduced or eliminated by innovative products and services, including the role that materials and sustainable applications can play in achieving emissions reductions.
Drawing on input from key stakeholders representing environmental groups, industry, academia, and data and accounting firms, the project will investigate the potential for new accounting methods to calculate the environmental benefits of products and technologies that reduce or eliminate harmful greenhouse gas emissions that cause climate change, as well as developing new tools for decision-makers to accelerate global progress towards 2030 and 2050 emissions targets.
Dow (NYSE: DOW) and The Nature Conservancy are early supporters of this work, bringing significant global climate-related expertise and capabilities in their respective fields.
On March 20, Governor Kathy Hochul proposed significant changes to New York’s Climate Leadership and Community Protection Act (CLCPA), the landmark climate law passed in 2019.
In January 2026, the UK government publicly released an intelligence report analyzing the security implications of global environmental destruction.