Carbon trading: world market review and new accounting objects
https://doi.org/10.37493/2307-907X.2024.5.5
Abstract
Introduction. The achievement of sustainable development goals by the world community has led to the emergence of a new economic market – the carbon trading market. Its functioning has become the basis for the emergence of accounting objects (carbon units, generation attributes) that are new for Russian and Belarusian accounting practices. However, the legislations of Russia and Belarus do not clearly identify carbon units and generation attributes as accounting objects.
Goal. Research of the ecological and economic essence of carbon units, generation attributes and the state of their circulation markets for the identification of these ecological assets as accounting objects and determination of their place in the traditional asset accounting system.
Materials and methods. The dialectical method of scientific knowledge and general scientific research methods were applied, empirical data on the achievement of sustainable development goals by the global community and on the functioning of carbon markets were used.
Results and discussion. It is substantiated that carbon units and generation attributes act as new accounting objects, but at the same time have distinctive economic accounting features that do not allow them to be included in the composition of other existing types of assets in general and environmental assets in particular.
Conclusion. Based on the assessment of the environmental, economic, accounting properties of carbon units and generation attributes, the emergence of which is associated with the introduction of greenhouse gas emissions trading systems, their place in the traditional asset accounting system is determined and their inclusion in a separate new type of organization assets – environmental depository offset assets – is proposed.
About the Author
O. V. Golovach
Belarus State Economic University
Belarus
Belarus
Olga V. Golovach – Cand. Sci. (Econ.), Associate Professor, Head of the Department of Accounting, Analysis and Audit in Industry
Researcher ID: LEN-2838-2024
26, Partizansky Ave., Minsk, 220070
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Review
For citations:
Golovach O.V. Carbon trading: world market review and new accounting objects. Newsletter of North-Caucasus Federal University. 2024;(5):43–57. (In Russ.) https://doi.org/10.37493/2307-907X.2024.5.5
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