Accounting on
Hello teachers!
>The price of emitting CO2 does not accurately reflect the costs that pollution imposes on our society. Low prices on coal and CO2 result in low market prices for electricity, and that also affects renewable energy. The ineffective accounting on the electricity market sustains the need for support to renewable energies, despite advances in green technology that have made it much cheaper and more competitive.
I don't understand the highlighted section. What does "accounting on" mean?
Thank you!
Top answer
e. "accounting on the electricity market" refers to the way in which electricity companies determine (or explain) their prices, or report their finances generally.
- e.
- "accounting on the electricity market" refers to the way in which electricity companies determine (or explain) their prices, or report their finances generally.
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"accounting" presumably refers to financial accounting, i.e. "accounting on the electricity market" refers to the way in which electricity companies determine (or explain) their prices, or report their finances generally.
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