The Role of GHG Accounting in Achieving Carbon Neutrality Goals
Greenhouse Gas (GHG) accounting plays a pivotal role in helping organizations and governments achieve their carbon neutrality goals. As the global community increasingly focuses on reducing the impact of climate change, accurate GHG accounting is essential for understanding emissions sources, setting reduction targets, and tracking progress. Here's how GHG accounting contributes to achieving carbon neutrality. 1. Identifying Emission Sources GHG accounting provides a structured method for identifying the sources of emissions within an organization. It involves categorizing emissions into three scopes: Scope 1 : Direct emissions from owned or controlled sources, such as fuel combustion in company vehicles or onsite manufacturing processes. Scope 2 : Indirect emissions from the consumption of purchased electricity, steam, heating, and cooling. Scope 3 : Indirect emissions from the entire value chain, including emissions from the supply chain, product use, waste disposal, and busines...