Comprehending CBAM and Carbon Accounting: A Way to Promote Greener Trade
Briefly

As climate change urgency escalates, businesses face increased accountability regarding their environmental impact. Carbon accounting emerges as a critical practice for organizations to quantify greenhouse gas emissions across three scopes: direct emissions from operations, indirect emissions from electricity usage, and emissions from the supply chain. This data not only guides companies in setting reduction targets but ensures compliance with environmental regulations. Moreover, the EU's Carbon Border Adjustment Mechanism (CBAM) aims to curb emissions by levying a carbon tariff on imports, promoting fairness and driving global decarbonization efforts.
Carbon accounting provides organizations with a clear way to measure and manage greenhouse gas emissions, essential for sustainability targets and compliance with regulations.
CBAM is a pivotal policy by the EU designed to impose a carbon tariff on imports, ensuring fairness and incentivizing decarbonization globally.
Read at Business Matters
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