Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/266251 
Year of Publication: 
2022
Series/Report no.: 
ZEW Discussion Papers No. 22-052
Publisher: 
ZEW - Leibniz-Zentrum für Europäische Wirtschaftsforschung, Mannheim
Abstract: 
Current corporate disclosures regarding carbon emissions lack commonly accepted accounting rules. The accrual accounting system for carbon emissions described here is grounded in the rules of historical cost accounting for operating assets, enabling the preparation of balance sheets and flow statements. The asset side of the balance sheet reports the carbon emissions embodied in operating assets. The liability side conveys the firm's cumulative direct emissions into the atmosphere as well as the cumulative emissions embodied in goods acquired from suppliers less those sold to customers. Flow statements report the cradle-to-gate carbon footprint of goods sold during the current period. Taken together, balance sheets and flow statements generate multiple indicators of a company's past, current and future performance with regard to carbon emissions.
JEL: 
M41
M48
Q53
Q54
Document Type: 
Working Paper

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