Document Type
Marquette Only
Publication Date
1-2009
Publisher
New York State Society of Certified Public Accountants
Source Publication
The CPA Journal
Source ISSN
0732-8435
Abstract
The issue of limiting carbon emissions has recently commanded international attention. Starting with the 1997 Kyoto Protocol, world markets have begun to coalesce around the notion that carbon dioxide (CO2) emissions should be controlled or capped. There are three generally accepted methods for limiting the emission of CO2: 1) a carbon tax that charges producers a fee for emissions that exceed a prespecified amount; 2) an auction, in which organizations bid on credits that are then used to offset the amount of actual CO2 emitted; and 3) a “cap and trade” system.
Recommended Citation
Mascha, Maureen; Harden, J. William; and Trebby, James, "Trading in CO2 Credits: Tax Issues to Consider" (2009). Accounting Faculty Research and Publications. 33.
https://epublications.marquette.edu/account_fac/33
Comments
Published version. The CPA Journal, Vol. 79, No. 1 (January 2009): 44-49. Publisher link. © 2009 New York State Society of Certified Public Accountants. Used with permission.