What is a carbon accounting system?

What is a carbon accounting system?

Carbon accounting is the process by which organizations quantify their GHG emissions, so that they may understand their climate impact and set goals to limit their emissions. In some organizations, this is also known as a carbon or greenhouse gas inventory.

How do you do GHG inventory?

GHG Inventory Development Resources

1. Step 1: Get Started: Scope and Plan Inventory.
2. Step 2: Collect Data and Quantify GHG Emissions.
3. Step 3: Develop a GHG Inventory Management Plan.
4. Step 4: Set a GHG Emission Reduction Target and Track and Report Progress.

What are Scope 1 Scope 2 and Scope 3 emissions?

Scope 1 covers direct emissions from owned or controlled sources. Scope 2 covers indirect emissions from the generation of purchased electricity, steam, heating and cooling consumed by the reporting company. Scope 3 includes all other indirect emissions that occur in a company’s value chain.

What is Carbon accounting explain with some examples?

Physical carbon accounting for example, can be used to help companies and countries work out how much carbon they are emitting into the atmosphere, this is known as a greenhouse gas inventory. Once it has been established how much carbon is being emitted, reduction targets can be set.

What is a carbon ledger?

Carbon Ledger makes it easy for fintech, climate-tech and SaaS companies to calculate the emissions from transaction data. Simply plug your app or service into the Carbon Ledger API and start requesting emissions estimates from your payments data.

What are scope 2 emissions?

Scope 2 emissions are indirect GHG emissions associated with the purchase of electricity, steam, heat, or cooling. Although scope 2 emissions physically occur at the facility where they are generated, they are accounted for in an organization’s GHG inventory because they are a result of the organization’s energy use.

What is the difference between Scope 1 and Scope 2 emissions?

Scope 1 emissions are direct emissions from owned or controlled sources. Scope 2 emissions are indirect emissions from the generation of purchased energy.

What are the 8 categories of carbon footprint?

We analyze the contribution of 8 categories: construction, shelter, food, clothing, mobility, manufactured products, services, and trade.

How can I measure my carbon footprint?

The standard unit for measuring carbon footprints is the Carbon dioxide equivalent (CO2e), which is expressed as parts per million by volume, ppmv. The idea is to express the impact of each different greenhouse gas in terms of the amount of CO2 that would create the same amount of warming.

What are the 15 Scope 3 categories?

These sources include:

• Upstream leased assets (Category 8)
• Processing of sold products (Category 10)
• Use of sold products (Category 11)
• Downstream leased assets (Category 13)
• Franchises (Category 14)
• Investments (Category 15)

Is waste a Scope 3 emission?

More on scope 3 Essentially, all the emissions indirectly generated by a business: business travel, employee commutes, waste, purchased goods and services, the goods you produce, end-of-life disposal of your products, transportation, distribution, and more.