Accounting for carbon
From 1 July 2012 approximately 500 of Australia’s largest companies will be liable for the carbon price of A$23 per tonne of carbon dioxide equivalent (CO2 – e) emitted by those facilities which trigger a threshold of 25,000 tonnes of covered CO2 – e emissions.
This publication from Deloitte (Australia) discusses the Australian carbon pricing mechanism due to commence from 1 July 2012, its key impacts and the resultant accounting issues.
The document covers the following issues:
- Available accounting treatments
- Impacts on the financial statement audit post 1 July 2012
- Mandatory emission audit requirements for 30 June 2013.