Carbon accounting can be interpreted as a vehicle for internalising previously ignored externalities.

Question

Quizplus · Accepted Answer

Carbon accounting involves quantifying the amount of carbon dioxide equivalents emitted by an entity, which helps in recognizing and managing the environmental costs of those emissions that were previously not accounted for in financial statements or operational budgets, thus internalizing environmental externalities.

Carbon Accounting Can Be Interpreted as a Vehicle for Internalising