Accounting Policy And Carbon Credits

Main Article Content

Stephen G. Kerr

Keywords

Accounting, Green House Gases, Carbon Credits, Green Accounting, Environment, Environmental Policy, Professional Development, Accounting Education

Abstract

In 1996 the Kyoto Protocol established a global policy aimed at reducing green house gas (GHG) emissions.  In response, slow steady steps are being taken to implement carbon emission limits.  Markets are being established so that companies can exchange carbon allowances.  Turning the environment, a public good, into private property presents many economic challenges.  This paper explores the implications of the policy direction established in the Kyoto accord.  Several changes to corporate accounting policy are recommended.  The anticipated benefit is that socially responsible professionals will prepare their institutions cost and financial accounting systems to encourage success as carbon emissions become more regulated.

Downloads

Download data is not yet available.
Abstract 84 | PDF Downloads 88