Exploring a new model in carbon accounting

Ana Mateos-Ansotegui ()

Working Papers from Chaire Economie du climat

Abstract: The absence of an international standard on accounting for the carbon units traded in the EU-ETS (European Union – Emission Trading Scheme) has lead to many different accounting methods being used which have raised doubts about the comparability of the financial statements and how capable they are of providing information on the real cost of complying with obligations established for facilities that are subject to the National Allocation Plans. The future replacement of aforesaid plan with a new allocation mechanism based on auctioning does not alleviate the negative consequences of not having aforesaid standard either. This paper proposes an alternative model to the International Financial Reporting Interpretation Committee (IFRIC), establishing the basic criteria to be upheld within the Conceptual Framework whereby the position of companies in terms of their environmental policy and the real cost of reducing emissions can indeed be conveyed.

Pages: 26 pages
Date: 2012
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Persistent link: https://EconPapers.repec.org/RePEc:cec:wpaper:1206

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