Zidan Wang

Show more
Jinan University, Guangzhou, China.
Show less

Abstract: Carbon cost management plays the key role in response to carbon market changes. According to the literature review in China and abroad, this paper breaks the limitations of existing literatures which just focus on discussing the concept of carbon cost management and accounting the carbon cost in operating activities. Combined with the management accounting role definition of full participation in business decision and based on the value chain theory, this paper introduces marketing, human resource management etc. in carbon cost management accounting scope. Also, it recognizes carbon management factors and provides accounting formulas to build a total carbon cost management system and draw its panorama. With this total carbon cost management system, companies could acquire accurate carbon cost statistics to support their business decisions in carbon market.

Keywords: Carbon Trading, Carbon Cost Management, Accounting

Cite this paper: Wang, Z. (2017) The Study of Carbon Cost Management under the Carbon Trading Mechanism—Based on the Value Chain Theory. Low Carbon Economy, 8, 51-62. doi: 10.4236/lce.2017.82005.

References

[1]   Jones, S. and Ratnatunga, J. (2008) An Inconvenient Truth about Accounting: The Paradigm Shift Required in Carbon Emissions Reporting and Assurance. American Accounting Association Annual Meeting, Anaheim, CA.

[2]   CIMA (2006) Emissions Trading and the Management Accountant. Chartered Institute for Management Accountants, London.

[3]   Kolk, A. and Pinkse, J. (2005) The Evolution of Multinationals’ Responses to Climate Change. Perspectives on International Corporate Responsibility, 2, 152-175.

[4]   Ratnatunga, J. (2008) Carbonomics: Strategic Management Accounting Issues. Kenaptekar Net, 6, 1-10.

[5]   Kolk, A., Levy, D. and Pinkse, J. (2008) Corporate Responses in an Emerging Climate Regime: The Institutionalization and Commensuration of Carbon Disclosure. European Accounting Review, 17, 719-745.
https://doi.org/10.1080/09638180802489121

[6]   Hopwood, A.G. (2009) Accounting and the Environment. Accounting, Organizations and Society, 34, 433-439.

[7]   Ratnatunga, J. and Balachandran, K. (2009) Carbon Business Accounting: The Impact of Global Warming on the Cost and Management Accounting Profession. Journal of Accounting, Auditing and Finance, 2, 333-355.

[8]   Burritt, R.L., Schaltegger, S. and Zvezdov, D. (2011) Carbon Management Accounting: Explaining Practice in Leading German Companies. Australian Accounting Review, 21, 80-98.
https://doi.org/10.1111/j.1835-2561.2010.00121.x

[9]   Schaltegger, S. and Burritt, R. (2000) Contemporary Environmental Accounting. Issues, Concepts and Practice. Greenleaf, Sheffield.

[10]   Schaltegger, S., Csutora, Maria. (2012) Carbon Accounting for Sustainability and Management: Status Quo and Challenges. Journal of Cleaner Production, 36, 1-36.

[11]   Wahyuni, D. and Rtanatunga, J. (2015) Carbon Strategies and Management Practices in an Uncertain Carbonimic Environment—Lessons Learned from the Coal-Face. Journal of Cleaner Production, 96, 397-406.

[12]   Xiao, X. and Zheng, L. (2011) Construction of Carbon Accounting System in Enterprises in a Low-Carbon Economy. China Population, Resources and Environment, 21, 55-60.

[13]   Sun, Z., He, T. and Lin, J. (2011) The Guarantee Of Low Carbon Development— Carbon Management. Environment Protection, 12, 40-41.

[14]   Wang, A. (2012) My Carbon Accounting Concept. Accounting Research, 5, 3-9 + 93.

[15]   Tu, J., Li, X. and Guo, Z. (2014) Conception of Enterprise Carbon Budget Embedded in Comprehensive Budge System under Low-Carbon Economy. China Industrial Economics, 3, 147-160.

[16]   Tu, J., Deng, L. and Shen, Y. (2016) Management Design and Institution Arrangement of Enterprise Carbon Budg—A Case of Power Generation Enterprise. Accounting Research, 3, 64-71.

[17]   Zhang, C., Tan, D. and Liu, M. (2015) Research on the Definition of Carbon Accounting and Accounting Standards for Carbon Emission. Journal of Accounting and Economics, 3, 32-40.

[18]   Wang, B. and Gu, H. (2014) Management Accounting as an Embedded Activities of Organizational Management Its Boundaries Information Characteristics and Future Researches. Accounting Research, 1, 13-20.

[19]   Yu, Z. and Sang, X. (2014) Why Business Process Management Always Loses More and Wins Less—A Managerial Accounting Perspective. Accounting Research, 6, 48-56.

[20]   Chi, G. and Zou, W. (2015) The EVA-Based Integrated Framework of Value-Based Management Accounting—An Exploration from the Perspective of Being Systematic and Spedific. Accounting Research, 12, 38-44.

[21]   Hsu, C.-W., Kuo, T.-C., Chen, S.-H. and Hu, A.H. (2013) Using DEMATEL to Develop a Carbon Management Model of Supplier Selection in Green Supply Chain Management. Journal of Cleaner Production, 56, 164-172.

[22]   Dou, Y., Zhu, Q. and Joseph, S. (2015) Integrating Strategic Carbon Management into Formal Evaluation of Environmental Supplier Development Programs. Business Strategy and the Environment, 24, 873-891.
https://doi.org/10.1002/bse.1851

[23]   Porter, M. (2003) Competitive Advantage. Huaxia Press, Beijing.