---
title: Carbon Budget
date: 2024-03-27T13:20:27Z
modified: 2025-07-31T09:57:36Z
permalink: "https://chancerylaneproject.org/glossary/carbon-budget/"
type: glossary-term
status: publish
excerpt: ""
wpid: 1231
---

## Definition

**Carbon Budget** means the maximum amount of [Scope 1, 2 and 3 Emissions](https://chancerylaneproject.org/glossary/scope-1-2-and-3-emissions/) the Company \[and its Affiliates\] may emit for the specified period and shall be \[●\] t[CO2e](https://chancerylaneproject.org/glossary/carbon-dioxide-equivalent-co2e-or-co2eq/) (tonnes of Carbon Dioxide Equivalent) for the period \[●\] to \[●\], measured by an \[independent expert\] \[[Climate Professional](https://chancerylaneproject.org/glossary/climate-professional/)\] appointed by \[●\] in accordance with \[the IPCC Sixth Assessment Report Global Warming Potential Values or most recent IPCC Assessment Report\] \[[GHG Protocol](https://chancerylaneproject.org/glossary/ghg-protocol/)\].