Carbon accounting is the process of assessing, tracking and reporting on a company’s greenhouse gas (GHG) emissions and carbon footprint. Carbon accounting involves identifying, measuring and tracking the sources and amount of GHG emissions associated with a company’s operations and the products and services it produces, including energy consumption, transportation, waste management, supply chain activities and use-phase and End-of-Life (Eol) emissions. Carbon accounting can be used by organizations to identify their carbon footprint and to develop strategies to reduce their GHG emissions. It is an important tool for measuring and reporting on the environmental impact of an organization and its products or services and can help in the development of sustainability and climate change policies. Carbon accounting can also be used by governments to track national and regional emissions and to develop policies and regulations to mitigate climate change and other environmental impacts.
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