The Externalisation of ETS-related carbon costs through political mechanisms and carbon accounting
Bui, Binh, Fowler, Carolyn, and Hunt, Chris (2011) The Externalisation of ETS-related carbon costs through political mechanisms and carbon accounting. In: Proceedings of the 2011 Accounting and Finance Association of Australia and New Zealand Conference, pp. 1-36. From: AFAANZ 2011 Accounting and Finance Association of Australia and New Zealand Conference, 3- 5 July 2011, Darwin, NT, Australia.
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This study examines how organisations' use political mechanisms and carbon accounting in the ETS policy process to reduce their carbon-related costs. It uses insights from transactional cost economics and capture theory to analyse seventy submissions made by four key industries. Instead of internalising carbon-related costs and being responsible for their emissions, organisations sought to externalise their carbon costs using political means. By participating in ETS policy processes, organisations lobbied Government to reduce their carbon-related costs, or gain opportunities for rent-seeking and income enhancement. Carbon accounting is used extensively by trade-exposed and emissions-intensive organisations to strengthen their case. The ability to do this is governed by an organisations capacity to capture policy processes; that capture depending on whether they support the Government of the day. These results will help practitioners and policy-makers understand the political mechanisms adopted within policy processes and the effectiveness of policy in triggering organisational behavioural change.
|Item Type:||Conference Item (Refereed Research Paper - E1)|
|Keywords:||carbon accounting, emissions trading, policy process, carbon costs|
This paper was also presented at the following conference: 34th Annual Congress of the European Accounting Association, 20 - 22 April 2011, Rome, Italy.
|Date Deposited:||16 Feb 2012 06:39|
|FoR Codes:||15 COMMERCE, MANAGEMENT, TOURISM AND SERVICES > 1501 Accounting, Auditing and Accountability > 150199 Accounting, Auditing and Accountability not elsewhere classified @ 100%|
|SEO Codes:||97 EXPANDING KNOWLEDGE > 970115 Expanding Knowledge in Commerce, Management, Tourism and Services @ 100%|
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Managing carbon-related costs through political mechanisms and carbon accounting. (deposited UNSPECIFIED)
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