However, beyond the smokestack, looking at the full life-cycle accounting for carbon of various biomass feedstocks, other reports have found that the source of the feedstock matters.
FORBES: Massachusetts Addresses "Biomass Loophole" and Limits Subsidies
Moreover, fair-value accounting appears to play a part in the upswing of a cycle as well as in the downswing.
ECONOMIST: An accounting standard comes under the microscope
Strength comes from unity without it, accounting risks becoming just another tool for governments to attempt to manage the economic cycle.
ECONOMIST: Accounting rules
Recent changes in accounting rules will amplify this, because it has become harder for banks to spread the building of reserves over the cycle.
ECONOMIST: Bank losses: A Citi situation | The
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