Exploring Internal Carbon Accounting Standards
Commonly known as greenhouse gas accounting, carbon accounting is a process of quantifying the production of greenhouse gases. It includes direct as well as indirect measurement through business activities. This technique is commonly used by management teams and analysts to determine the carbon emissions of an organization.
Many people think that carbon accounting and GHG accounting are similar, but there is a slight difference. To be precise, carbon accounting is focused on carbon dioxide emissions, but GHG accounting focuses on all greenhouse gases.