Volume : V, Issue : XII, December - 2015
Carbon Credit Accounting: Some Issues
Pradipta Banerjee
Abstract :
Carbon credit is a relatively a new jargon both at national and international levels and it has given rise to an interesting financial accounting dimension. India, having no legally binding emission reduction target at present, has emerged as one of the largest beneficiaries of Clean Development Mechanism (CDM) under the Kyoto Protocol in terms of generation of revenues through sale of carbon credits (measured by CER) making the country as one of the major players in the global market on the supply side of CERs. But, there is currently no authoritative accounting standard or guidance either from the IASB or FASB on accounting for carbon credits. In case of our country, the ICAI issued Guidance Note in 2012 which provides comprehensive guidance on accounting for CERs generated by CDM projects. But, there still exists some ambiguity as well as some issues remained untouched in the note. In the present paper, along with a discussion on CDM under the Kyoto Protocol and process of generating CER, various issues relating to accounting and reporting aspects of carbon credits, particularly those relevant to our country at present have been outlined.
Keywords :
Article:
Download PDF
DOI : 10.36106/ijar
Cite This Article:
Pradipta Banerjee Carbon Credit Accounting: Some Issues Indian Journal of Applied Research, Vol.5, Issue : 12 December 2015
Number of Downloads : 674
References :
<p>&lt;pre&gt;&lt;/pre&gt;</p>
Pradipta Banerjee Carbon Credit Accounting: Some Issues Indian Journal of Applied Research, Vol.5, Issue : 12 December 2015
<p>&lt;pre&gt;&lt;/pre&gt;</p>
Our Other Journals...
-
International Journal of
Scientific Research Visit Website -
PARIPEX Indian Journal
of Research Visit Website -
Global Journal for
Research Analysis Visit Website