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The role of accounting in supporting adaptation to climate change
Author(s) -
Linnenluecke Martina K.,
Birt Jacqueline,
Griffiths Andrew
Publication year - 2015
Publication title -
accounting and finance
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.645
H-Index - 49
eISSN - 1467-629X
pISSN - 0810-5391
DOI - 10.1111/acfi.12120
Subject(s) - valuation (finance) , climate change , adaptation (eye) , vulnerability (computing) , accounting , function (biology) , environmental resource management , business , climate change adaptation , economics , computer science , psychology , ecology , computer security , neuroscience , evolutionary biology , biology
The study is one of the first concerned with the topic of accounting and climate change adaptation. It proposes that the accounting role can support organisational climate change adaptation by performing the following functions: (i) a risk assessment function (assessing vulnerability and adaptive capacity), (ii) a valuation function (valuing adaptation costs and benefits) and (iii) a disclosure function (disclosure of risk associated with climate change impacts). This study synthesises and expands on existing research and practice in environmental accounting and sets the scene for future research and practice in the emerging area of accounting for climate risk.