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Carbon & GHG Accounting Guide

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Understanding Key Terms: Understand some basic concepts before diving into the nuance of GHG accounting and other intricacies of carbon markets and net zero economies. GHG Protocol The de facto global accounting method for measuring an entity's direct, downstream, and upstream GHG emissions. This protocol defines methodologies for calculating and defining the scope of emissions, as well as informing the standard setting criteria of many other reporting frameworks such as CDP, GRI, TCFD, SASB, and SBTi. Greenhouse Gasses (GHG) and Carbon: Global Warming Potentials: CO2e: Greenhouse gases are gases contributing to the greenhouse effect (atmosphere warming) by absorbing infrared radiation. Carbon is the most common greenhouse gas emitted by human activities and is therefore used in shorthand to refer to a number of other greenhouse gases. Carbon (CO2) is typically used as the equivalent metric for quantifying other gasses, known as CO2 equivalents or CO2e. A quantity of GHG can be expressed as CO2e by multiplying the amount of GHG by its Global Warming Potential. The Global Warming Potential (GWP) was developed to allow comparisons of the global warming impacts of different gasses. Specifically, it is a measure of how much energy the emissions of 1 ton of a gas will absorb over a given period of time, relative to the emissions of 1 ton of carbon dioxide (CO2). Sustainability & Energy Management Simplified

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