International Journal of Business and Technopreneurship Volume 6, No. 2, June 2016 [335-350] Environmental Accounting and Sustainable Development: An Empirical Review Mohammad Delwar Hussain 1 , Mohd Suberi Bin Ab. Halim 2 and Abul Bashar Bhuiyan 3 ABSTRACT The appearance of sustainable development as the complex perception of social and environmental issues which must be addressed growing influence in the accounting practices. The main purpose of this paper is to identify how environmental accounting can be able to contribute for ensuring sustainable development. This construing used existing empirical literature especially it has conducted general search by the name of environmental accounting application in the sustainable development in different online database sources such as Science Direct, Emerald, Springer Link, EBSCO Host, Scopus and Google Scholars, etc. The study summarized from the review findings that proper practices of environmental accounting is a vital issue for sustainable development especially to concentrate on environmental taxes, environmental costs, valuing ecosystem services, costing of carbon dioxide, and cost of water pollution and ensure income sustainability of green products in the way of sustainable development. Keywords: Environmental Accounting, Green Accounting, Carbon Accounting and Sustainable Development 1. INTRODUCTION Environmental Accounting is a field that identifies resource use, measures and communicates costs of a company’s or national economic impact on the environment (Deegan, 2013b). Costs include costs to clean up or remediate contaminated sites, environmental fines, penalties and taxes, purchase of pollution prevention technologies and waste management costs (Deegan, 2013b). An environmental accounting system is consisted of environmentally differentiated conventional accounting and ecological accounting (Zhan & 1 PhD Candidate, School of Business Innovation and Technoprenuership, University Malaysia Perlis (UniMAP), Perlis, Malaysia: E-mail: hussainmohammaddelwar@gmail.com 2 Senior Lecturer, School of Business Innovation and Technopreneurship, Universiti Malaysia Perlis, Email: suberi@unimap.edu.my 3 Senior Lecturer at Faculty of Business, University of Selangor (unisel), Malaysia, bashariuk@gmail.com