ACCOUNTING FOR EMISSION OMISSIONS – CLIMATE CHANGE POSES TOUGH REGULATORY CONTROL PROBLEMS

BY GEORGE STONE THE MARATHON United Nations climate talks in Durban, South Africa, that resulted on December 11 in an agreement to kick-start a fresh round of negotiations to secure a new treaty on global carbon emissions, will spark a host of critical accounting and auditing questions. Delegates to the UN meeting said this new agreement, replacing the Kyoto Protocol, would go into effect by 2020 at the latest. However, despite the renewed political will, serious question marks remain over how emissions can be properly monitored and accounted for and because of ...


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