The Problem with the Way We Measure Carbon Emissions

I have been struck by how important measurement is to improving the human condition. You can achieve incredible progress if you set a clear goal and find a measure that will drive progress toward that goal. — Bill Gates

In the global effort to tackle climate change, volume of greenhouse gas emissions is perhaps the most important measure. This metric helps inform the targets that nations agree to in international arenas, and serves as a barometer for ongoing assessment of the impact of policy initiatives. That’s why, it’s important to build a strong understanding of how this metric is measured, understand any inherent biases that its measurement may carry, and counteract any economic misincentives that these biases might create.

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