International Journal of Research in Finance and Marketing (IJRFM) Available online at : http://euroasiapub.org Vol. 6 Issue 9, September - 2016, pp. 35~46 ISSN(o): 2231-5985 | Impact Factor: 5.861 | Thomson Reuters ID: L-5236-2015 International Journal of Research in Finance & Marketing Email:- editorijrim@gmail.com, http://www.euroasiapub.org An open access scholarly, online, peer-reviewed, interdisciplinary, monthly, and fully refereed journals 35 CARBON CREDIT ACCOUNTING - A STUDY ON FINANCE STUDENTS AND PROFESSIONALS IN ODISHA Dr. B.C.M.Patnaik 1 , Associate Professor School of Management, KIIT University, Bhubaneswar, Odisha Dr. Ipseeta Satpathy, D.Litt. 2 , Professor School of Management ,KIIT University, Bhubaneswar, Odisha Dr Chandrabhanu Das 3 , Senior Executive-Audit Department , KIIT University, Bhubaneswar, Odisha Mr Sourav Mohanty 4 Research Scholar School Of Management , KIIT University, Bhubaneswar, Odisha Abstract: Keywords: carbon credit accounting, cer (certified emission reduction), awareness Carbon credit accounting is a statutory allowance on the incumbent for reducing the emission of one tonne of carbon dioxide. The very word Ǯcreditǯ is attached and given to those countries or groups, which have lowered their green house gases below their emission quota. A generic concept is indeed carbon credit accounting where pollution level is controlled. Awareness about environment pollution is on rise and along with it is significant decrease in Global warming levels by using mechanism like Kyoto Protocols, CER (Certified Emission Reduction) .The article highlights about the importance and awareness of carbon credit accounting among selected finance graduates, professional graduates and postgraduates; where descriptive research along with convenience sampling is used. A sample size of 450 was selected but ultimately 309 responses were received for the study. According to the result of the findings, it is shown that majority are not aware about carbon credit accounting.