Md. Arshad Jamal
,
Abstract

Carbon credit being a new term at national and international levels has given rise to an interesting monetary accounting dimension. India has emerged as the biggest beneficiary of Clean Development Mechanism beneath the Kyoto Protocol in terms of generation of revenues through sale of carbon credits. But, there's presently no proper accounting principle for carbon credits. The ICAI issued steering Note in 2012 that provides comprehensive measures on accounting for CERs generated by CDM. In this paper, a discussion on Certified Emission Reduction (CER), varied problems concerning accounting and reportage aspects of carbon credits are outlined.

KEYWORDS: Carbon credit, Carbon credit accounting, Clean Development Mechanism, Certified emission reduction.

Keywords:
Journal Name :
EPRA International Journal of Economic and Business Review(JEBR)

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Vol : 4
Issue : 12
Month : December
Year : 2016
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