Carbon Audit Regime
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Carbon Audit Regime
A carbon audit regime is a means of accounting for quantifiable greenhouse gas control efforts. It establishes that the claimed reductions in emissions or enhancements of carbon sinks, has actually occurred and is stable. See also *Audit regime *Carbon offset A carbon offset is a reduction or removal of emissions of carbon dioxide or other greenhouse gases made in order to compensate for emissions made elsewhere. Offsets are measured in tonnes of carbon dioxide-equivalent (CO2e). One ton of carbon ... Climate change policy {{climate-change-stub ...
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Accounting
Accounting, also known as accountancy, is the measurement, processing, and communication of financial and non financial information about economic entities such as businesses and corporations. Accounting, which has been called the "language of business", measures the results of an organization's economic activities and conveys this information to a variety of stakeholders, including investors, creditors, management, and regulators. Practitioners of accounting are known as accountants. The terms "accounting" and "financial reporting" are often used as synonyms. Accounting can be divided into several fields including financial accounting, management accounting, tax accounting and cost accounting. Financial accounting focuses on the reporting of an organization's financial information, including the preparation of financial statements, to the external users of the information, such as investors, regulators and suppliers; and management accounting focuses on the measurement ...
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Mitigation Of Global Warming
Climate change mitigation is action to limit climate change by reducing emissions of greenhouse gases or removing those gases from the atmosphere. The recent rise in global average temperature is mostly caused by emissions from fossil fuels burning (coal, oil, and natural gas). Mitigation can reduce emissions by transitioning to sustainable energy sources, conserving energy, and increasing efficiency. In addition, can be removed from the atmosphere by enlarging forests, restoring wetlands and using other natural and technical processes, which are grouped together under the term of carbon sequestration. Solar energy and wind power have the highest climate change mitigation potential at lowest cost compared to a range of other options. Variable availability of sunshine and wind is addressed by energy storage and improved electrical grids, including long-distance electricity transmission, demand management and diversification of renewables. As low-carbon power is more widel ...
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Carbon Dioxide Sinks
A carbon sink is anything, natural or otherwise, that accumulates and stores some carbon-containing chemical compound for an indefinite period and thereby removes carbon dioxide () from the atmosphere. Globally, the two most important carbon sinks are vegetation and the ocean. Public awareness of the significance of sinks has grown since passage of the 1997 Kyoto Protocol, which promotes their use as a form of carbon offset. There are also different strategies used to enhance this process. Soil is an important carbon storage medium. Much of the organic carbon retained in the soil of agricultural areas has been depleted due to intensive farming. " Blue carbon" designates carbon that is fixed via the ocean ecosystems. Mangroves, salt marshes and seagrasses make up a majority of ocean plant life and store large quantities of carbon. Many efforts are being made to enhance natural sequestration in soils and the oceans. In addition, a range of artificial sequestration initiatives ar ...
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Audit Regime
An audit regime is usually a rigorous set of forensic accounting methods that is used to detect fraud. It refers more generally however to any similar regime of verification of conformity to some standard, e.g. Kyoto Protocol, Harkin-Engel Protocol, or some mandatory labeling scheme. Without such a regime, transparency is simply not attainable. Most accounting reform includes strict audit measures to verify that new standards are met. Financial privacy is often in direct conflict with the desire for any stricter audit regimes. Characteristics of an effective audit regime include: * harsh penalties for any misleading or fraudulent disclosures to the auditor that are strictly enforced * publicly visible reports and definitions, e.g. for capital categories * an incorruptible profession of auditors that adheres to strict ethical codes, and whose careers are permanently and irrevocably destroyed by any serious impropriety * strict standards to declare conflict of interest, an ...
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Carbon Offset
A carbon offset is a reduction or removal of emissions of carbon dioxide or other greenhouse gases made in order to compensate for emissions made elsewhere. Offsets are measured in tonnes of carbon dioxide-equivalent (CO2e). One ton of carbon offset represents the reduction or removal of one ton of carbon dioxide or its equivalent in other greenhouse gases. One of the hidden dangers of climate change policy is unequal prices of carbon in the economy, which can cause economic collateral damage if production flows to regions or industries that have a lower price of carbon—unless carbon can be purchased from that area, which offsets effectively permit, equalizing the price. Within the voluntary market, demand for carbon offset credits is generated by individuals, companies, organizations, and sub-national governments who purchase carbon offsets to mitigate their greenhouse gas emissions to meet Carbon neutrality, carbon neutral, net-zero or other established Emission standard, e ...
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