e-Publications@Marquette

Title

Trading in CO₂ Credits: Tax Issues to Consider

Authors

Maureen Mascha, Marquette UniversityFollow
J. William Harden, University of North Carolina at Greensboro
James Trebby, Marquette UniversityFollow

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.

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.

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