Carbon accounting is a technique by which States’ compliance or conformity with the Kyoto Protocol is recorded or documented. It is the process of accounting pursued to determine the amount of carbon (IV) oxide equivalents which will not be emitted into the atmosphere due to Flexible Mechanisms schemes or projects within the Kyoto Protocol (Williams, 2010). Carbon emissions trading, is an example of a scheme adopted by many nations for improvements within environment. It allows members to purchase and sell permits or sanctions for carbon dioxide emissions or credits for cutback in emissions of greenhouse gases (Hurteau, Koch & Hungate, 2008, p. ...
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