Greenhouse Gas emissions trading.

• Position: Accounting & auditing news - Brief Article

There are several initiatives in the U.S. to enable GHG emissions trading, including the Chicago Climate Exchange, which is currently in the design phase. In addition, private trades of GHG emissions reductions between entities have been occurring for some time. Under an emissions trading scheme, companies are typically required to take on a cap on their annual emissions; those that find it expensive to cut emissions can buy reductions from those that find it cheaper to reduce emissions. Companies, regulators and others have expressed interest in obtaining assurance on an entity's annual GHG emissions and on certain GHG emission reductions that may...