The primary aim of this study is to identify how
environmental or green Accounting could contribute and ensure sustainable
development. It is a descriptive study which has investigated about the
environmental accounting and sustainable development from the existing
literature. The result indicated that most organizations often ignore large
environmental costs. The sound green practice accounting is required. It has
also been noted that accountants have unquestioned authority in the field of
financial reporting for rights obligations arising under emissions trading
schemes in the financial carbon accounting. Finally,
the overall results summary of the review shows that the good practice of
environmental accounting is vital for sustainability development, especially
for focusing on environmental and environmental taxes, costs, and appreciation
of ecosystem services, the cost of carbon dioxide, and the cost of water
pollution which ensure the sustainable development.
JEL classification numbers: Q56
Keywords: Sustainable Development, Environmental Accounting.