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Lack of standards for carbon accounting hamper emissions reduction

Sustainability

Lack of standards for carbon accounting hamper emissions reduction

An ecosystem of interoperable carbon accounting technologies is needed, according to the Rocky Mountain Institute.


By Peter Fabris, Contributing Editor | March 16, 2023
Lack of standards for carbon accounting hamper emissions reduction
Image by Gerd Altmann from Pixabay

A lack of universally accepted standards for collecting, managing, and storing greenhouse gas emissions data (i.e., carbon accounting) is holding back carbon reduction efforts, according to an essay published by the Rocky Mountain Institute.

Inconsistent standards make it difficult to exchange and compare data which adversely affects decision-making. An ecosystem of interoperable carbon accounting technologies would be hugely beneficial for stakeholders in the built environment.

The author envisions a future where buyers’ and sellers’ systems are connected and carbon data is transferred automatically like the direct deposit of a paycheck. “Using existing business intelligence software or a new generation of dedicated carbon accounting software, buyers could see the emissions consequences of their purchases in real time,” the article states.

“They could more easily make low-carbon purchasing decisions, helping them meet net-zero targets and comply with a growing wave of product-level emissions regulations. By aggregating data from multiple suppliers, they could more accurately describe the embodied emissions of their own products and supply that data to their customers, allowing them to qualify for green procurement benefits.”

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