Emissions allowances: Accounting and public policy issues

Accounting and the Public Interest

Volumn 10, Issue 1, 2010, Pages 105-121

  Raibor, Cecily ^a   Massoud, Marc ^b  

^a TEXAS STATE UNIVERSITY   (United States)

^b CLAREMONT MCKENNA COLLEGE   (United States)

Author keywords

Cap and trade programs; Comprehensive income; Emission allowances; Environment; Tax incentives

Indexed keywords

EID: 79961075728     PISSN: None     EISSN: 15309320     Source Type: Journal    
DOI: 10.2308/api.2010.10.1.105     Document Type: Article

References (34)

1. Barone, M. 2009. The sins of emission. U.S. News & World Report (April 1): 80.
2. Battjes, C. and A. Schootstra. 2006. EU ETS market still immature. Greenhouse Gas Market Report 2006 (Geneva, Switzerland: International Emissions Trading Association). Available at: http://www.ieta.org/ieta/www/pages/ getfile.php?docID=1938.
3. Belliveau, M. 1998. Smoke and mirrors: Will global pollution trading save the climate or promote injustice and fraud? October 1. Available at: http://www.corpwatch.org/article.php?id=1068.
4. Bunin, L. 1991. Memorandum to Roger Wilson, Greenpeace. Cited in Beder, S. (2001), Trading the earth: The politics behind tradeable pollution rights. Environmental Liability 9 (2): 152-160. Available at: http://www.uow.edu.au/ ~sharonb/liability.html.
5. Choudhary, S. 2007. Low prices make carbon credit sellers go slow. August 21. Available at: http://economictimes.indiatimes.com/articleshow/msid-2296476,prtpage-1.cms.
6. Clean Air Conservancy (CAC). 2009. Take direct action on global warming. Available at: http://www.cleanairconservancy.org/purchase.php.
7. Dalton, M. 2005. Watchdog faces a paradox over pollution credits. Wall Street Journal (December 8): A1.
8. Deloitte, K 2007. Accounting for emission rights. February. Available at: http://www.cleanairconservancy.org/ purchase.php.
9. Drury, R. T., M. E. Belliveau, J. S. Kuhn, and S. Bansal. 1999. Pollution trading and environmental injustice: Los Angeles' failed experiment in air quality policy. Available at: http://www.precaution.org/lib/ pollution_trading_and_ej_in_l.a.19990601.pdf.
10. Fialka, J. 2002. Report faults emissions trades for dirty air in some U.S. areas. Wall Street Journal (January 30): A4.
11. Fialka, J 2004. EPA is warned of mercury hot spots in new rules. Wall Street Journal (November 20): A6.
12. Fialka, J 2006. Biggest-ever emissions trades: $1 billion deal benefits Beijing. Wall Street Journal (August 28): A4.
13. Financial Accounting Standards Board (FASB). 1985. Elements of Financial Statements. SFAC No. 6. Norwalk, CT.
14. Financial Accounting Standards Board (FASB) 1993a. Accounting for Certain Investments in Debt and Equity Securities. SFAS No. 115. Norwalk, CT.
15. Financial Accounting Standards Board (FASB) 1993b. Accounting for Contributions Received and Contributions Made. SFAS No. 116. Norwalk, CT.
16. Financial Accounting Standards Board (FASB) 1998. Accounting Derivative Instruments and Hedging Activities. SFAS No. 133. Norwalk, CT.
17. Financial Accounting Standards Board (FASB) 2000. Accounting for Transfers and Servicing of Financial Assets and Extinguishments of Liabilities. SFAS No. 140. Norwalk, CT.
18. Financial Accounting Standards Board (FASB) 2001a. Business Combinations. SFAS No. 141. Norwalk, CT.
19. Financial Accounting Standards Board (FASB) 2001b. Goodwill and Other Intangible Assets. SFAS No. 142. Norwalk, CT.
20. Financial Accounting Standards Board (FASB) 2003. Participants' Accounting for Emission Allowances under a ''Cap and Trade'' Program. EITF Issue No. 03-14. November 12-13. Available at: http://72.3.243.42/pdf/abs03-14.pdf.
21. Financial Accounting Standards Board (FASB) 2004. Exchanges of Nonmonetary Assets. SFAS No. 152. Norwalk, CT.
22. Financial Accounting Standards Board (FASB). 2007a. Minutes of the February 21, 2007, board meeting: Emission allowances. Available at: http://72.3.243.42/board_meeting_minutes/02-21-07_emissions.pdf.
23. Financial Accounting Standards Board (FASB). 2007b. Minutes of the October 22, 2007 Conceptual Framework Board Meetings. Available at: http://72.3.243.42/board_meeting_minutes/10-22-07_cf.pdf.
24. Gupte, P. 1998. Two steps forward. Newsweek (November 23): 28.
25. Hahn, R., and G. Hester. 1989. Where did all the markets go? An analysis of EPA's emissions trading program. Yale Journal on Regulation 6 (January): 109-153.
26. International Accounting Standards Board (IASB). 1998. Provisions, Contingent Liabilities and Contingent Assets. IAS No. 37. September. Available at: http://www.iasplus.com/standard/ias37.htm.
27. International Accounting Standards Board. 2004. IFRIC issues guidance on accounting for greenhouse gas emission and scope of leasing standard. December 2. Available at: http://www.iasplus.com/pressrel/2004pr32.pdf.
28. Kant, I. 1964. Groundwork of the Metaphysics of Morals. H. J. Paton, trans. New York, NY: Harper & Row, Publishers, Inc.
29. Larrinaga, C. 2008. Carbon Accounting and Disclosure. Presentation at the Amsterdam Global Conference on Sustainability and Transparency. May 8. Available at: http://www.globalreporting.org/NR/rdonlyres/B2753F7D-32C3- 4672-9574-59F63B96748E/0/CarbonDisclosureCarlosLarrinage.pdf.
30. Platt, G. 2009. NYSE lists carbon allowances fund. Global Finance 23 (4): 70.
31. Reina, P. 2007. Report lights fires around the world on need to slow climate change. Engineering News Record (February 12): 22.
32. Southwest Consortium for Environmental Research & Policy (SCERP). 2004. The U.S.-Mexican Border Environment: Improving Transboundary Air Quality with Binational Emission Reduction Credit Trading. In SCERP Monograph Series No. 10: 123, edited by C. Erickson, D. Molina, and S. Ghosh. San Diego, CA: SCERP.
33. Talley, I. 2009. Panel adds free permits to CO2 bill. Wall Street Journal (May 16-17): A4.
34. White, J. 2009. Industries are grappling with new bill on climate change. Wall Street Journal (May 22): B1, B5.