ENVIRONMENT
ACCOUNTING
June 2008
Introduction
Green & Noteworthy
Accounting for Air
Accounting for Water
Accounting for Waste
Prespective
Special Feature
Legal Scene
In Focus
Case Study
Energy Scene
Expert Coverage
Knowledge Spreads

Previous Issues

From the Desk of Chairman
Environment Accounting : Part 13 -19
environmet accounting

To effectively address the issue of climate change, the global strategy demands enhancing energy efficiency and increasing renewable energy use. Since the importance of fossil fuels for ensuring energy security will always remain, their carbon dioxide emissions have to be brought down successively and considerably. The key mechanism for mitigating climate change that is gaining currency is carbon sequestration, involving carbon capture and storage (CCS). CCS means CO2 capture from emissions, its transport and geological storage in an environmentally acceptable manner for hundreds of years.

The Parliamentary Office of Science and Technology of UK had recently issued an energy white paper that sets targets for reducing emission by exploring a range of capture and storage technologies. The Special Feature in the present issue of WISTA : Environment Accounting covers the feasibility of CCS technology as related to geological storage, and taking into account such relevant parameters, as environmental impacts, cost, public perception, and legal issues.

The 'Perspective', based as it is on "The Corporate Communications Report-2007" published by Corporate Register. com, covers climate change disclosures by world's largest companies and attempts to know how these companies acknowledge and address the problem of climate change. The companies studied represent a very high proportion of global capital and are regarded leaders within respective business sectors.

The 'Case Study' pertains to the assessment of the carbon impact of bottling Australian wine in the UK in PET and glass bottles. It compares relative CO2 emissions attributable to shipping wine in bulk from Australia to the UK, the manufacture and transport of PET and glass bottles, as also with respect to end-of-life cycle.

Other features covered are : Green & Noteworthy; Accounting for Air, Water, Waste; In Focus; Energy Scene; Experts Converge; and Knowledge Spreads.

We welcome comments and suggestions from our readers.

 Dr K V Swaminathan

RESEARCH & ANALYSIS TEAM

Mr K. N. Julka- Jt Director
Mr Suresh Kumar - Joint Director
Mr D. P. Singh- Jt Director
Mr S S Kalra - Director

This publication aims at disseminating information on pertinent developments in its specific field of coverage. The information published does not, therefore, imply endorsement of any product/process/ producer or technology by WITT.