The Formula
C = ((Va × Ea) + (Vo × Eo)) / L
| Symbol | Meaning | Units |
|---|---|---|
| C | Weighted average cost of carbon | currency |
| Va | Volume of carbon abated through internal projects and demand reduction per annum | tons/pa |
| Ea | Averaged annual expenditure to achieve 'Va' over life of projects | currency |
| Vo | Volume of purchased carbon offset per annum | tons/pa |
| Eo | Expenditure per annum to acquire 'Vo' | currency |
| L | Total carbon liability per annum | tons/pa |
Read more about this topic: Weighted Average Cost Of Carbon
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—Aristotle (384–323 B.C.)
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—Anne C. Weisberg (20th century)