One of the reasons why I created sustainable cost accounting as a way to tackle the need to bring climate change on to corporate balance sheets (which nothing has d0ne as yet) was because of the failure of Mark Carney's Task Force on Climate-related Financial Disclosures to provide anything close to such a framework. I have explained why here, but it's an issue of enormous significance, as this video explains:
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I agree very much with this piece but I do wonder that the whole business of finding a sustainable cost accounting methodology is becoming demanding and complicated for people to use. A much simpler approach by copying what is done with VAT can be seen here: http://outsidethebubble.net/2020/08/17/easier-carbon-accounting.
(this may not be an appropriate comment for this piece but you might be edited to see it anyway). best wishes,Craig Mackay.
I am not discussing carbon accounting with sustainable cost accounting
I am discussing the financial cost of eliminating carbon from processes, which is something very different
So the system you refers to and SCA are not the same, at all
[…] that might, and therefore might not, survive the transition to the sustainable economy that we need in the introduction to one video earlier this week. In that case it needed one of its […]
Talking about solvency without valuing the benefits of sustaining the world?
I am not at all sure what your comment means
Sorry …but how will sustainable cost accounting rationalize the size of transitional subsidies required to sustain companies in becoming net zero carbon compliant?
By requiring that they be quantified as part of an audited plan?