Turning accounting for emissions rights inside out as well as upside down
研究了排放权会计中生命周期规范的重要性，分析了准则制定者在监管排放权财务核算时面临的技术挑战，指出其合法性受市场和政治力量影响，并建议准则制定应遵循循环以促进研究和利益相关者参与。
This study involves narrative research on the importance of a life cycle norm in the context of accounting for emissions allowances. The analysis presented in this article emphasizes, in particular, those technical challenges that standard setters face when governing and legislating on how emissions rights are financially accounted. This study supports the notion that the legitimacy of standard setters during these occasions is highly influenced by the market and by political forces. This study also suggests that setting financial reporting standards on emissions allowances must follow a cycle to secure detailed research on the topic and to promote broader stakeholder engagement.