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Navigating the Complexities of Carbon Emissions Accounting
The chapter delves into the differences between carbon neutral and net zero approaches in managing carbon emissions, discussing the challenges with inaccurate carbon accounting and the issues with carbon offset permanence. It explains the concept of scopes one, two, and three in carbon emissions accounting, emphasizing the importance of companies accurately measuring and reducing emissions within their operations and value chains to achieve sustainability goals. The conversation also touches on the need for businesses to collect detailed data from suppliers to reduce emissions and the potential benefits of transitioning to net zero for job creation and technological innovation.