How to Reduce Environmental Cost by Green Accounting
- Authors: Himanshu Kumar1, Ashish Diwakar2, Surbhi Agarwal3
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View Affiliations Hide Affiliations1 Department of Management Studies, Hi Tech Institute of Engineering and Technology, Ghaziabad, (U.P.), India 2 Department of Management Studies, Hi-Tech Institute of Engineering and Technology, Ghaziabad, (U.P.), India 3 Depatment of Management Studies, Hi-Tech Institute of Engineering and Technology, Ghaziabad, (U.P.), India
- Source: Demystifying Emerging Trends in Green Technology , pp 260-272
- Publication Date: February 2025
- Language: English
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The increasing apprehension regarding environmental sustainability has prompted a heightened focus on discovering methods to diminish the ecological expenses linked to commercial activities. One strategy that can be used is the adoption of green accounting, which aims to include environmental factors in conventional accounting approaches. This essay will contend that the implementation of green accounting techniques can substantially mitigate the environmental expenses incurred by firms. We shall substantiate this assertion by analyzing multiple objective factors, elucidating the concepts of green accounting, and outlining the potential advantages and obstacles linked to its adoption. In the subsequent paragraphs, I will initially elucidate the notion of green accounting and its significance in the contemporary day, subsequently, examine its potential in mitigating environmental expenses, and ultimately investigate obstacles and remedies for its widespread implementation.
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