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Carbon emissions from the production and consumption of fossil fuels are the primary cause of climate change. Increasing atmospheric concentrations of greenhouse gasses (GHGs) are changing climate patterns, warming the earth’s surface, and exacerbating physical climate risks. Signatories of the 2016 Paris Agreement named reducing heat-trapping emissions as the most important step in reaching their goals. Since then, governments, companies, and market participants have been aiming to quantify, benchmark, and track emissions associated with their activities. Here we offer a high-level description of carbon emissions and describe industry efforts to standardize their…
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