Accounting for emission rights: an environmental ethics approach

Authors

Emma Zhang-Debreceny, University of WollongongFollow
Mary A. Kaidonis, University of WollongongFollow
Lee Moerman, University of WollongongFollow

RIS ID

29083

Publication Details

Zhang-Debreceny, E., Kaidonis, M. A. & Moerman, L. (2009). Accounting for emission rights: an environmental ethics approach. Journal of the Asia-Pacific Centre for Environmental Accountability, 15 (3), 19-27.

Abstract

We argue that the International Accounting Standard Board's difficulty in arriving at a standard for accounting for emission rights, which is central to Emission Trading Schemes, is an opportunity to re-examine the issues from an environmental ethics approach. We critically evaluate the IASB approach which privileges profits, and views emission rights as tradeable entitlements to pollute. We consider social ecology, an example of an environmental ethical perspective which holds that humans' survival and the environment's sustainability are inextricably linked. We conclude that social ecology can inform accounting standard setters about the accounting treatment of emissions rights.

Link to publisher version (URL)

Journal of the Asia-Pacific Centre for Environmental Accountability