Carbon Accounting
/ˈkɑːrbən əˈkaʊntɪŋ/
Definitions
- (n.) The process of identifying, measuring, and reporting greenhouse gas emissions associated with the activities of an organization or entity for regulatory compliance, risk management, or sustainability reporting.
The company improved its carbon accounting to meet new environmental regulations.
- (n.) A legal and regulatory mechanism that quantifies carbon emissions for the purpose of enforcing emissions limits or trading carbon credits.
Carbon accounting is essential to enforce emission caps under environmental law.
Forms
- carbon accounting
Related terms
See also
Commentary
Accurate carbon accounting is critical in legal contexts for compliance with environmental laws and for facilitating carbon markets. Drafting should ensure clarity on boundaries and metrics used.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.