The Concept of Carbon Credit Accounting and Comparison of Co2 Emission of India with selected Developing Countries

Abstract

The research on the concept of carbon credit accounting has been carried out with the exact objective of panel data analysis in carbon dioxide emissions in developing countries. Carbon dioxide emission per region/country for the period of 1990–2013 has been taken for the study. It has been concluded that financial accounting standards for carbon credit must be established. From the panel data analysis, it has been found that India is the top country who produces more carbon dioxide than that of the other selected countries followed by Brazil, Mexico, Iran, Saudi Arabia and South Africa.