Carbon accounting or greenhouse gas accounting refers to processes used to measure how much carbon dioxide equivalents an organization emits. It is used by states, corporations , and individuals to create the carbon credit commodity traded on carbon markets or to establish the demand for carbon credits. Examples of products based on forms of carbon accounting may be found in national inventories , corporate environmental reports , and carbon footprint calculators. Carbon accounting is likened to sustainability measurement , as an instance of ecological modernisation discourses and policy. Carbon accounting is hoped to provide a factual ground for carbon-related decision-making. However, social scientific studies of accounting challenge this hope,  noting practical issues in implementing abstract accounting schemes, due to the socially constructed character of carbon conversion factors.
Essay on Carbon Credit Accounting: Opportunities and Challenges - Words
Scientists have identified the cause as increase in green house Gases emissions, depletion of Forests, Fossil Fuel and Industrial Emission. Global Warming has the dooming effects of melting the polar ice caps, thermal expansion of water leading to an increase in the average sea levels, depletion of the ozone cover and natural calamities. Sea Levels have risen by 20 cm over the last years and are expected to rise by 1ft to 5ft in the next to years, which could send parts of countries like Bangladesh, Maldives, Egypt, Kiribati, Tulavu or even cities like Shanghai, Tokyo, Mumbai, London and New York under water. This came into effect on 16 th February
One of the most powerful paragraphs of the Convention is Article 7. This memo discusses this relatively unknown paragraph of the Convention in the context of coastal communities and oceans. This report covers two trips that accomplished three key objectives: 1 to mentor Republic of the Congo terrestrial carbon accounting professionals who had already received advanced training; 2 to conduct a scoping mission to explore new TCA teaching needs and opportunities in the Democratic Republic of the Congo, and to co-teach a new advanced TCA certificate program in DRC, tailored to national circumstances. It presents analysis of the potential for large-scale emissions reductions in the Xingu River basin of the eastern Amazon region.