TITLE

Emissions Trading and Carbon Credit Accounting for Sustainable Energy Development With Focus on India

AUTHOR(S)
Sarkar, A. N.
PUB. DATE
January 2010
SOURCE
Globsyn Management Journal;Jan-Dec2010, Vol. 4 Issue 1/2, p35
SOURCE TYPE
Academic Journal
DOC. TYPE
Article
ABSTRACT
Global climate change is inextricably linked with the enhanced build-up of greenhouse gases. Emissions- trading in the form of carbon credits or CERs is opening up a new vista of trade opportunities with prospect for gradual reduction of emissions particularly by the developed nations under Annexure-I categories. Various national and international programmes undertaken by the government and voluntarily by the non-government agencies have positively impacted on progressive reduction of emissions in many parts of the world. The paper highlights the emerging issues linked to the modalities of emission-trading, together with scope for developing sound accounting procedures for trading carbon credits. Paper discusses the opportunities for developing a sound marketing system of carbon credits with built-in efficiency in transactions, accountability and transparency in reporting systems with focus on India. Paper also underlines the need to comply with the Global Accounting Standards, Tax Planning, access to Multi-commodity Exchange Market, certification, verification and enforcement procedures for proper execution of emission-trading initiatives aimed at achieving carbon neutrality. The aspects of Carbon management with focus on carbon neutrality, sustainable energy development and implicit energy security are also highlighted.
ACCESSION #
74534390

 

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