search query: @indexterm asset valuation / total: 357
reference: 17 / 357
| Author: | Bebbington, J. Larrinaga-Gonzalez, C. |
| Title: | Carbon trading: accounting and reporting issues |
| Journal: | European Accounting Review
2008 : DEC, VOL. 17:4 p. 697-717 |
| Index terms: | performance measurement environmental accounting climate asset valuation stakeholders reporting |
| Language: | eng |
| Abstract: | The study is based on the concern about the impact of anthropogenic induced global climate change (hereafter: GCC) and the assumption that GCC raises issues of significance with respect to the accountability of firms to stakeholders for financial and non-financial performance. Governments and supra-national bodies have created markets in which carbon may be traded. This change is likely to have financial consequences for firms in the longer term. The paper provides a scientific and policy introduction to GCC in order to place the accounting implications of carbon markets in context. The study reviews the problems associated with the valuation of pollution allowances and their identification as assets as well as liabilities arising from companies polluting beyond allowed levels. Risks and uncertainties caused by GCC initiate a discussion of non-financial accounting and reporting about carbon. Thus, to allow conditions for democratic accountability in an uncertain setting, non-financial reporting is necessary. |
SCIMA