Structurally, the carbon accounting process functions like financial accounting. But on a technical basis, carbon accounting is significantly more complex due to the number of calculations and reporting frameworks across industries and the world. Complexity is also attributed to the evolving understanding of emissions that result from specific activities.
Click play to view the video.
Accuracy is so important.
For accurate carbon accounting, we need to know where we are emitting greenhouse gasses, how much, and what the cost of that is.