Carbon emission rights scheme as a market-oriented mechanism is regarded as an effective way to cut down the volumes of greenhouse gases. However, Although International Accounting Standard Board (IASB) and Financial Accounting Standard Board (FASB) have done much work in this field, it appears to have little progress. Therefore, accounting for carbon emission rights has become a dilemma in global accounting area. In this paper, we use a comparative analysis of process features and accounting recognition problems in two allocation schemes: "Cap...
