The Weighted average cost of carbon is used in finance to measure a firm's specific cost of carbon. It expresses how much an organization is expending to either reduce carbon emissions internally (abatement) or offsetting externally (carbon offset). As such, the weighted average cost of carbon is the cost a company incurs to balance its carbon liability (carbon footprint).
It is a term with growing importance as legislation globally moves to internalize the impact of CO2 emission through cost mechanisms.
Read more about Weighted Average Cost Of Carbon: The Formula, How It Works, Relevance
Famous quotes containing the words average and/or cost:
“One cannot develop taste from what is of average quality but only from the very best.”
—Johann Wolfgang Von Goethe (1749–1832)
“The one regret I have about my own abortions is that they cost money that might otherwise have been spent on something more pleasurable, like taking the kids to movies and theme parks.”
—Barbara Ehrenreich (b. 1941)