Inventory Level 2 (IL2), the first estimation level developed in the Toolkit, is a detailed mercury inventory tool where all factors of the emission/release estimation can be adjusted fully to national or local conditions.As a standardised model, less accuracy of emission/release estimates should be expected. Brief but useful guidance for data collection is included in the IL1 Guideline.īeing a standardised model, it will be useful for first-time inventories, for easy monitoring of changes due to the implementation of mercury controls (BAT/BEP), and for easy prediction of expected changes when planning introduction of control measures. It uses national activity rate data and you can reflect mercury pollution controls in place, though you cannot reflect local variations in estimation factors. It requires less reading to get started, less data, calculations are fully automatic, and it includes in-cell guidance within the spreadsheet. Inventory Level 1 (IL1) is a simplified model which is designed to be easy to use.In broad terms, the differences between the levels can be summarised as follows: ![]() Which inventory level to choose depends very much on the type and accuracy of the results needed, and on your experience in inventory development. Which version of the toolkit should I use? Furthermore, the Toolkit is also one of the methods recommended in guidance from the Minamata Convention on preparing inventories of emissions pursuant to Article 8. The Toolkit has been a standard tool in over 90 GEF-funded Minamata Initial Assessment projects implemented by UNEP, UNIDO and UNDP. The latest version of the Toolkit has been released in 2023. It provides a detailed manual, calculation spreadsheet and a standard template for reporting. The Reference Report and Guideline for Inventory Level 2 includes a concise description of all mercury sources and can be used broadly by all interested in the mercury topic. The Toolkit is user-friendly, and it provides clear guidance on different stages of inventory development, including identifying mercury sources, quantifying the consumption and calculating the final emissions and releases. Moreover, inventories from countries contribute to the scientific knowledge of the scale of worldwide mercury emissions and releases as demonstrated in Global Mercury Assessment. These inventories will assist countries in setting priorities and reduction targets, and enhance international co-operation, knowledge sharing and enable targeted technical assistance. With the Toolkit, a comprehensive national mercury inventory can be developed. ![]() Please refer to your advisors for specific advice.UNEP's Toolkit for identification and quantification of mercury releases, hereafter referred as the Toolkit, is intended to assist countries to identify and quantify the sources of mercury emissions and releases. This material has been prepared for general informational purposes only and is not intended to be relied upon as accounting, tax, or other professional advice. For more information about our organization, please visit ey.com. Ernst & Young Global Limited, a UK company limited by guarantee, does not provide services to clients. In so doing, we play a critical role in building a better working world for our people, for our clients and for our communities.ĮY refers to the global organization, and may refer to one or more, of the member firms of Ernst & Young Global Limited, each of which is a separate legal entity. We develop outstanding leaders who team to deliver on our promises to all of our stakeholders. The insights and quality services we deliver help build trust and confidence in the capital markets and in economies the world over. Read the transcript.ĮY | Assurance | Tax | Transactions | AdvisoryĮY is a global leader in assurance, tax, transaction and advisory services. Predictive analytics across the portfolioįor your convenience, full text transcript of this podcast is also available.Why people skills will remain vital in PE despite the increasing presence of AI and data analyticsįour areas where AI can create and unlock value in PE include:.How AI will drive the investment landscape moving forward.Why AI has caused job creation and retention rather than attrition.Where AI has made transformative impacts in the portfolio.How AI has increased the sophistication of Hg’s origination process. ![]() Why AI and machine learning are a lead indicator and differentiator of Hg’s market position.As an early adopter of artificial intelligence (AI), machine learning and analytics, Hg has embraced an investment and organizational philosophy of curiosity and experimentation that has enabled it to become one of the most active technology investors in the world.
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