Driven in part by the Securities and Exchange Commission’s recent guidance that requirespublic companies to disclose any risks from climate change on their operations and the U.S. Environmental Protection Agency’s new Greenhouse Gas (GHG) emissions reporting requirement, carbon emissions management is becoming an increasingly important business objective for U.S. companies. However, outstanding questions about accounting, reporting and tax considerations have led to inconsistent practices, according to a report by Ernst & Young LLP.