Abstract

One of the most important modern trends internationally is to preserve the environment, promote sustainable development, reduce harmful emissions and the absurd consumption of resources, which can lead to climate changes that negatively affect the chances of future generations to obtain the same opportunities and resources that previous generations obtained, and therefore the paper aims to study the impact of the risks of climate change occurring in the globe as a result of the high level of harmful emissions on the development of carbon accounting and identifying the most important applications and related practices and the most important contemporary issues. This paper is based on framing theories to help explain the divergent practices and current applications covered by the term carbon accounting by referring to the relevant accounting literature and the most important references related to social accounting in general and carbon accounting in particular, and analyzing the role of environmental risks on the development of carbon accounting applications.