The report, titled "Carbon Avoidance? Accounting for the Emissions Hidden in Reserves," was prepared by ACCA and Carbon Tracker. The report focuses on the need to account for the emissions associated with the reserves of fossil fuels that are currently not being extracted or used. The report argues that current accounting practices do not adequately capture the full impact of these emissions, and that this gap needs to be addressed in order to support the transition to a low-carbon economy. The report also highlights the role of investors and the capital markets in driving this transition, and provides recommendations for how to improve the accounting of emissions from reserves.
