Skip to main contentNews & ViewsPublished: 17 June 2026Carbon accountingMatteo Coronese ORCID: orcid.org/0000-0003-4134-19711 Nature Climate Change (2026) Cite this articleSubjectsCarbon and energyEnvironmental economicsGreenhouse gas emissions are typically attributed to where they are produced or consumed. A recent analysis traces them to capital owners, revealing a stronger concentration and offering new perspectives on how they are distributed — and why it matters.This is a preview of subscription content, access via your institutionAccess optionsAccess Nature and 54 other Nature Portfolio journalsGet Nature+, our best-value online-access subscription27,99 € / 30 dayscancel any timeLearn moreSubscribe to this journalReceive 12 print issues and online access269,00 € per yearonly 22,42 € per issueLearn moreRent or buy this articlePrices vary by article typefrom$1.95to$39.95Learn morePrices may be subject to local taxes which are calculated during checkoutReferencesChancel, L. Nat. Sustain. 5, 931–938 (2022).Article Google Scholar Chancel, L. & Rehm, Y. Nat. Clim. Change https://doi.org/10.1038/s41558-026-02662-5 (2026).Article Google Scholar Davis, S. J. & Caldeira, K. Proc. Natl Acad. Sci. USA 107, 5687–5692 (2010).Article CAS Google Scholar Ivanova, D. & Wood, R. Glob. Sustain. 3, e18 (2020).Article Google Scholar Bruckner, B. et al. Nat. Sustain. 5, 311–320 (2022).Article Google Scholar Wood, R. et al. Clim. Policy 20, S14–S27 (2020).Article Google Scholar Dechezleprêtre, A. et al. Am. Econ. Rev. 115, 1258–1300 (2025).Article Google Scholar Palagi, E. et al. Proc. Natl Acad. Sci. USA 119, e2203595119 (2022).Article CAS Google Scholar Burke, M. et al. Nature 651, 959–966 (2026).Article CAS Google Scholar Callahan, C. W. & Mankin, J. S. Nature 640, 893–901 (2025).Article CAS Google Scholar Download referencesAuthor informationAuthors and AffiliationsInstitute of Economics and L’EMbeDS, Scuola Superiore Sant’Anna, Pisa, ItalyMatteo CoroneseAuthorsMatteo CoroneseView author publicationsSearch author on:PubMed Google ScholarCorresponding authorCorrespondence to Matteo Coronese.Ethics declarationsRights and permissionsReprints and permissionsAbout this article