Abstract
Emission trading has emerged as a preferred mechanism to address the global challenge of climate change. Crafting an effective greenhouse gas accounting and disclosure program is fundamental to the design of an emission trading scheme. This paper reviews emission trading schemes that are currently administered under various regulatory and voluntary regimes. In particular, we look at how these emission trading schemes differ when addressing risk and assurance within their monitoring and disclosure programs. One important finding is that significant variations in terms of assurance engagement, spatial scope and level of compliance exist. It is concluded that harmonization of these approaches is desirable if an effective and functional global emission trading scheme is to be implemented.
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Disclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.