Article ID | Journal | Published Year | Pages | File Type |
---|---|---|---|---|
7414333 | Accounting Forum | 2018 | 11 Pages |
Abstract
This article accounts for carbon emissions in the S&P 500 and explores the extent to which capital is at risk from decarbonising value chains. At a global level it is proving difficult to decouple carbon emissions from GDP growth. Top-down legal and regulatory arrangements envisaged by the Kyoto Protocol are practically redundant given inconsistent political commitment to mitigating global climate change and promoting sustainability. The United Nations Environment Programme (UNEP) and European Commission (EC) are promoting the role of financial markets and financial institutions as drivers of behavioural change mobilising capital allocations to decarbonise corporate activity.
Related Topics
Social Sciences and Humanities
Business, Management and Accounting
Accounting
Authors
Colin Haslam, Nick Tsitsianis, Glen Lehman, Tord Andersson, John Malamatenios,