The E-Liability proto-standard has been developed by a team of people working under the guidance of Professor Karthik Ramanna (Oxford University) and Professor Robert Kaplan (Harvard University). The institute was created to develop a standard for carbon accounting, because at the moment there is no standard. Existing Carbon Accounting (more like counting) is mostly arbitrarily calculated/estimated, but with the Carbon Border Adjustment Mechanism and various Carbon Taxes/Prices either in place or proposed globally they must be underpinned by rigorous accounting. There has been a team of about 20-30 folk working on this standard the last few months, unfortunately I have only recently joined this group and we have missed the deadline for comment, but it's well worth while familiarizing yourself with the standard since it fits very nicely into the management accountant tool set, with Activity-Based Costing being the primary mechanism for allocating emissions to individual products/services inside organizations. Of course, with the inclusion of financial data in the ABC model organizations can see profitability and emissions on an individual product/service level to help organizations accelerate decarbonization efforts in a financially sustainable manner. You can download the full standard here: E-liability Institute
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Lea Patterson
CEO
Pilbara Group
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