“The fossil fuel industry is not the enemy – it is the emissions” declared Mia Mottley, Prime Minister of Barbados.

If that’s the case, then every organisation must manage their emissions as relentlessly as cashflows. Yet emissions accounting is prohibitively complicated and expensive – it is done by only a handful of companies. It also lacks the rigour and auditability of financial accounting. The resulting approximations may help companies or governments know where to start – but they’re not enough to decarbonise our complex market economy.

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