Carbon Footprint

From Open Risk Manual

Definition

Carbon Footprint is a measure of the Greenhouse Gas Emissions released into the atmosphere by a particular person, organization, product, or activity. [1]

A bigger carbon footprint means more emissions of carbon dioxide and methane, and therefore a bigger contribution to the Climate Crisis.

Measuring a person's or an organization’s carbon footprint entails looking at both the direct emissions resulting from the burning of fossil fuels for energy production, heating, and land and air travel, and indirect emissions resulting from the production and disposal of all food, manufactured goods, and services they consume.

Carbon footprints can be reduced by shifting to low-carbon energy sources like wind and solar, improving energy efficiency, strengthening industry policies and regulations, changing purchasing and travel habits, and reducing meat consumption and food waste.

Sustainable Finance

In the context of Sustainable Finance carbon footprinting concerns the indirect effect of any Financial Products enabling such emissions.

Issues and Challenges

  • Carbon footprinting involves various forms of scope and measurement uncertainty

See Also

Futher Resources

References