Green House Gas Accounting Implications

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The EU Emissions Trading Scheme which was implemented in January 2005 creates assets or liabilities for their participants depending on whether their greenhouse gas emissions are in surplus or deficit relative to their targets. These emissions therefore have a financial cost or benefit and must be accounted for in financial statements. This has implications for investment planning, management accounting, corporate hedging programs, asset valuation policies, information systems, statutory disclosures and taxation.

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