John Manning and Sunny Ghatauray from the PricewaterhouseCoopers LLP environmental tax and regulation network consider the accounting and tax treatment of emission trading schemes
The premise of setting and maintaining a price to business for the privilege of emitting carbon dioxide was one of the main themes running throughout the Government's energy white paper. This is a sensible approach using simple economics to control emissions levels. By making the right to emit CO2 a scarce resource market forces will in theory at least act to set a price for that right and enable industry to evaluate the costs of using cleaner methods and technologies by reference to that market price.
This end is being approached by a number of mechanisms. There are certificates issued under...
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John Manning and Sunny Ghatauray from the PricewaterhouseCoopers LLP environmental tax and regulation network consider the accounting and tax treatment of emission trading schemes
The premise of setting and maintaining a price to business for the privilege of emitting carbon dioxide was one of the main themes running throughout the Government's energy white paper. This is a sensible approach using simple economics to control emissions levels. By making the right to emit CO2 a scarce resource market forces will in theory at least act to set a price for that right and enable industry to evaluate the costs of using cleaner methods and technologies by reference to that market price.
This end is being approached by a number of mechanisms. There are certificates issued under...
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