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Accounting is back in vogue, and no, we don’t mean the boring financial kind. When organizations want to understand their climate impact, they turn to carbon accounting — the practice of quantifying and reporting an organization’s greenhouse gas emissions. They use this information to set targets for reducing emissions and to identify potential areas to implement solutions. But unlike financial accounting, carbon accounting is not yet required for all organizations — and there’s no risk of hefty fines for C-Suite executives for misrepresentation. In this article we’ll dive into how carbon accounting works and why it matters, but first we’ll look back to understand how it started.