The math behind emissions: Why carbon accounting matters now more than ever

The math behind emissions: Why carbon accounting matters now more than ever

From Energy Evolution by S&P Global Commodity Insights

March 17, 2026 · 29 min

About this episode

This episode discusses the importance of carbon accounting in the context of upcoming global trade and energy market changes.

Carbon accounting — the math of how emissions are calculated, reported and compared — is poised to move to the forefront of global trade and energy markets. Three critical developments in 2026 are forcing action: the implementation of the EU's Carbon Border Adjustment Mechanism, revisions to the Greenhouse Gas Protocol, and new industry-driven product-level carbon accounting efforts. In this episode, host Eklavya Gupte explores why harmonizing carbon accounting matters now, what's at stake, and how the commodity industry is responding to the urgent need for standardized, comparable emissions data. The discussion features S&P Global Energy Horizons analysts Kevin Birn , head of carbon research and the center of emissions excellence; Roman Kramarchuk , head of integrated narratives and policy analysis; and James Salo , head of partnerships and strategic initiatives.

People in this episode

Host: Eklavya Gupte

Guests: Kevin Birn, Roman Kramarchuk, James Salo

Topics covered

  • carbon accounting
  • emissions
  • global trade
  • energy markets
  • standardization
  • commodity industry

Keywords

  • carbon accounting
  • emissions data
  • EU Carbon Border Adjustment Mechanism
  • Greenhouse Gas Protocol
  • commodity industry
  • standardized data

Mentioned in this episode

Organizations: S&P Global, EU, Greenhouse Gas Protocol

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