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Carbon Accounting

A systematic approach to measure, monitor, and report greenhouse gas emissions from various sources, including businesses, organizations, and activities.

Carbon Accounting

What is Carbon Accounting?

Carbon accounting is the process of measuring, monitoring, and reporting greenhouse gas emissions from various sources. It involves quantifying the carbon footprint of individuals, organizations, or activities to support emission reduction strategies.

Purpose

The primary purpose of carbon accounting is to provide accurate data on greenhouse gas emissions, enabling organizations and governments to develop effective strategies for mitigating climate change impacts. It helps identify emission hotspots, set reduction targets, and track progress towards sustainability goals.

Applications

  1. Businesses: Track and report emissions for regulatory purposes, identify reduction opportunities, and develop carbon-neutral strategies.

  2. Organizations: Assess environmental impact, set emission targets, and implement sustainable practices.

  3. Governments: Develop policies, monitor national emissions, and facilitate carbon trading systems.

Reference

How to Count Your Carbon

Carbon accounting is an accounting method to count, inventory, track, and report your organization's greenhouse gas (GHG) emissions. This is also known as your carbon footprint. For most companies, the established, global accounting unit for carbon is the greenhouse gas carbon dioxide (CO2), and "carbon equivalents" (CO2e or CO2eq), the sum of carbon plus other emissions like methane converted into carbon.

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Carbon Accounting - Overview, Scope 1, 2, & 3 Emissions

Carbon accounting, often synonymous with greenhouse gas (GHG) accounting, is a vital technique utilized by analysts and management teams to quantify an organization’s carbon emissions.

Distinguishing between direct and indirect emissions, it involves assessing various activities such as energy consumption, transportation, and manufacturing processes.

With regulatory bodies mandating emissions disclosure, accurate carbon accounting is crucial for compliance and transparency.

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We Need Better Carbon Accounting. Here’s How to Get There.

Any effective system of greenhouse gas (GHG) accounting needs to measure each company’s supply-chain carbon impacts accurately, providing visibility and incentives for it to make more climate-friendly product-specification and purchasing decisions. The authors’ recent HBR article, “Accounting for Climate Change” (Nov-Dec 2021), noted how the current dominant system for carbon accounting, the GHG Protocol, misses this critical point by allowing companies to guestimate upstream and downstream emissions.

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Resources

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Top 10 Carbon Accounting Software Solutions for Efficient Emissions Tracking, Reporting, and Decarbonization

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Top 10 Carbon Accounting Software Solutions for Efficient Emissions Tracking, Reporting, and Decarbonization

Looking for the best carbon accounting software? This guide dives into the top 10 solutions that can help your business efficiently track, report, and reduce carbon emissions. From AI-powered tools to comprehensive platforms, discover the features that make these software options stand out, and learn how they can support your sustainability goals. Whether you're aiming to enhance compliance, improve data accuracy, or drive meaningful climate action, this guide has you covered.

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Streamlining Carbon Accounting: How Software Can Simplify the Process

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Streamlining Carbon Accounting: How Software Can Simplify the Process

As climate change urgency rises, carbon accounting is crucial for businesses. Yet, its complexity can hinder progress. This article simplifies the process and shows how software solutions streamline the journey to net-zero, offering actionable insights for accelerating sustainability efforts.

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The Future of Carbon Accounting: Trends and Innovations in Software Solutions

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The Future of Carbon Accounting: Trends and Innovations in Software Solutions

In the climate crisis, carbon accounting is crucial for businesses to measure and reduce environmental impact. This article explores trends and innovations in carbon accounting software, offering a glimpse into its transformative potential.

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