The Role of Carbon Accounting in Managing the Climate Change Risks: Literature Review

Ibrahim R. I. Elmadhoun, Dr. Gaddam Naresh Reddy

Abstract: Carbon accounting creates a competitive advantage for companies; henceforth, policymakers in ‎companies and institutions nowadays are relying on carbon accounting to take decisions ‎regarding climate change and environmental conservation. The development of carbon ‎accounting would add economic value to companies and public institutions. The importance of ‎this study is to demonstrate the significance of carbon accounting and how it relates to climate ‎risk management. Besides, this study shows the impact of carbon accounting disclosure on ‎raising the awareness of investors. ‎

Keywords: Accounting, Carbon Accounting, Risk Management, Climate Change