Carbon Accounting

The process of measuring, tracking, and reporting greenhouse gas emissions and removals.

What is Carbon Accounting?

Carbon accounting is the systematic process of quantifying and reporting the greenhouse gas (GHG) emissions associated with an organization, product, or activity, as well as any removals or offsets. It involves collecting data, applying methodologies, and calculating the carbon footprint, typically in tonnes of CO₂ equivalent (tCO₂e).

Why is Carbon Accounting important?

Carbon accounting is fundamental for understanding, managing, and reducing greenhouse gas emissions. It provides the necessary data for setting emissions reduction targets, identifying areas for improvement, complying with regulations, demonstrating environmental responsibility, and participating in carbon markets.

Related terms

Want to explore this topic further? Browse connected glossary terms below.

GHG Protocol

The most widely used global standard for greenhouse gas accounting.

Frameworks

Carbon Footprint

The total amount of greenhouse gases (GHG) emitted directly and indirectly by an entity.

Core definitions

Scope 1 Emissions

Direct greenhouse gas emissions from sources owned or controlled by an organization.

Removal methods

Frequently asked questions

What are the main scopes in carbon accounting?

The main scopes are Scope 1 (direct emissions from owned or controlled sources), Scope 2 (indirect emissions from purchased electricity, heating, or cooling), and Scope 3 (all other indirect emissions in a company's value chain).

Who typically performs carbon accounting?

Carbon accounting can be performed internally by organizations, by external consultants, or through specialized software platforms. It often involves cross-functional teams.

What standards are commonly used for carbon accounting?

Common standards include the GHG Protocol, ISO 14064, and specific industry or regional guidelines.