RENEWCONNECT - All about renewables & power sector

The Global Carbon Council (GCC) is a carbon credit certification program that supports carbon emission reductions. It enables project developers to earn certified carbon credits by implementing sustainable projects. GCC accounting revolves around the processes, standards, and methodologies for tracking, verifying, and managing carbon credits within the program. Key Features of GCC Accounting Carbon Credit Certification : GCC certifies greenhouse gas (GHG) emission reductions from projects. These credits are aligned with international standards like the Clean Development Mechanism (CDM) under the Kyoto Protocol and voluntary carbon markets. Accounting Standards : Adheres to frameworks such as the Greenhouse Gas Protocol and ISO 14064 . Focuses on Scope 1, Scope 2, and Scope 3 emissions: Scope 1: Direct emissions from owned or controlled sources. Scope 2: Indirect emissions from purchased electricity, heat, or steam. Scope 3: Indirect emissions in the value chain. Market Relevance : G...

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...