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Volume VI Issue I 2020

Volume VI Issue I 2020
CARBON ACCOUNTING: A STEP TOWARDS CLIMATE CHANGE ACCOUNTING RESEARCH

Year:2020 Volume VI Issue I

Print ISSN :2454-6542,Online ISSN:2454-6542

Received on:19th Feb 2020, Received in Revised Form:3rd March 2020, Accepted On:19th March 2020

Dr.Biswaroop Singh
Department of Business Administration, Ravenshaw University, Cuttack - 753003

Dr.Soumendra Kumar Patra
Department of Business Administration, Ravenshaw University, Cuttack - 753003

Ms.Arunita Padhi
Department of Business Administration, Ravenshaw University, Cuttack - 753003

Corresponding Author: arunnita@gmail.com

Abstract

Climate change is a complex phenomenon and a serious challenge but the role of accounting for global warming is not made clear. The paper proposes a broad concept of carbon accounting which refers to a system that uses accounting methods to record and analyse climate change information, and account and report for carbon related assets, liabilities, expenses and income for the decision-making of users. Carbon accounting is conceived of multi- dimension subject and we need innovative and creative approaches to develop carbon accounting framework, methodology and workable programs.Carbon Accounting should be built based on knowledge and techniques from all aspects of accounting, including financial and management accounting and auditing. This paper surveys past work on a wide variety of perspectives associated with climate change science, politics and policy. Finally the paper concludes with an overview of challenges in the Indian context, and seeks to set an agenda for future research opportunities that remains interesting and different.

Keywords

Carbon accounting,Climate change, Carbon Management Systems,

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