Teaching myself Carbon Accounting – did you know the government can conduct audits and senior managers are liable for fines of up to $250,000 for non-compliance?
The accuracy of the emissions data is important because it forms the basis of targets set under the future Emissions Trading Scheme.
This is usually done by applying an emissions factor to an emissions source (e.g. Multiply litres of fuel used by the unleaded fuel factor to determine the emissions of a car).
Now that Carbon has a value it can be reflected in the company’s accounts.
And perhaps more importantly in a company’s valuation – when it is bought and sold, or for funding and loan approvals.

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s