Work

Advancing climate policy in carbon accounting to control for carbon emissions: an Islamic moral economy emphasis

Year: 2025

Type: article

Abstract: The Islamic Financial System emphasizes attaining societal welfare and benefits over social responsibility reporting and the existing function of climate policy aimed at mitigating carbon emissions. This study evaluated the elevated ethical standards required by the Islamic Moral Economy, focusing on the social and environmental goals within the Islamic Financial System. This study validated that the existing climate legislation in Malaysia and Indonesia, together with the Islamic Moral Economy inside the Islamic Financial system, had significantly heightened public awareness regarding the necessity to mitigate carbon emissions associated with gas combustion. Nonetheless, these efforts will not avert the greenhouse gas emissions potentially generated by extensive government projects employing coal power stations. The results of this study may assist policymakers in formulating effective strategies to mitigate climate change and adapt to its consequences.

Source: Management and Accounting Review

DOI: 10.24191/mar.v24i03-18

Authors: Achyar, Dzakiyy Hadiyan, Jongsureyapart, Chatrudee, Madah Marzuki, Marziana

Language: English

Topic: Islamic Finance and Banking Studies

Subfield: Accounting

Field: Business, Management and Accounting

Domain: Social Sciences

SDGs: Climate action, Peace, justice, and strong institutions

Open Access status: diamond

Funder: Mae Fah Luang University

OpenAlex ID: W7116906443