Concept

Carbon accounting

Summary
Carbon accounting (or greenhouse gas accounting) is a framework of methods to measure and track how much greenhouse gas (GHG) an organization emits. It can also be used to track projects or actions to reduce emissions in sectors such as forestry or renewable energy. Corporations, cities and other groups use these techniques to help limit climate change. Organizations will often set an emissions baseline, create targets for reducing emissions, and track progress towards them. The accounting methods enable them to do this in a more consistent and transparent manner. GHG accounting is often done to address social responsibility concerns, or meet legal requirements. Other motivations include public rankings alongside other companies, financial due diligence, and potential cost savings. GHG accounting methods can help investors better understand the climate risks of companies they invest in. Corporate and community net-zero goals are also aided by accurate accounting methods. There are n
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