What is Carbon Accounting ?
Carbon accounting is the process of measuring and tracking the amount of greenhouse gases (GHGs) emitted by an organization, product, or activity over a specific period. It involves calculating carbon emissions, including carbon dioxide (CO₂) and other GHGs like methane (CH₄) and nitrous oxide (N₂O), to better understand the environmental impact and take action to reduce emissions. Carbon accounting is essential for meeting regulatory requirements, setting emission reduction targets, and supporting sustainability efforts like carbon neutrality or net-zero goals. Types of Carbon Emissions: Carbon emissions are typically categorized into three scopes, as defined by the Greenhouse Gas Protocol : Scope 1: Direct Emissions : Emissions that come from sources owned or controlled by the organization. Examples: emissions from burning fossil fuels for company-owned vehicles or manufacturing processes. Scope 2: Indirect Emissions from Energy : Emissions resulting from the generation of electrici...