What is green accounting?
The term "green accounting" hasn't yet been fully defined. Most agree, however, that in order for a business to be able to reduce its carbon footprint, it first must be able to measure it. Then, once the size of the carbon footprint is known, a business must be able to report the data to regulators, taxation officials, carbon credit trading organizations and other relevant parties.Energy-reliant manufacturers and power-generating utilities will feel the most pressure to embrace green accounting, but companies in nearly all business sectors can expect to embrace green accounting at some level within the next few years.
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