Economy to go green in near future

IT is vital small and medium business owners in the Tweed begin planning for a "green economy".

That's the message from newly-appointed Professor in Accounting at Southern Cross University's Tweed Gold Coast campus, Professor Ian Eddie.

Professor Eddie said structural shifts in the economy were imminent as Australia moved to become a low-carbon emission society.

"The Federal Government has already announced that a national emissions trading scheme will be in place by 2010, and other changes to ensure the long term sustainability of the Australian economy are likely to follow," he said.

Many businesses will have to make significant changes to general operations because of those changes.

Professor Eddie said there was a real risk that smaller firms might be disadvantaged in adjusting to the changes when compared to large corporations.

"Some of these changes will mean substantial alterations in corporate reporting, auditing and accounting systems," he said.

"It's vital that small and medium-sized companies start to consider the implications now so that they are well prepared in advance of the new emissions trading scheme."

Professor Eddie hoped that he and researchers at Southern Cross University would be able to support Australian companies in taking a leading role as they meet the needs of a carbon neutral economy.



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