IASB May 2008
21 May 2008
In December 2007 the Board activated work on its emissions trading schemes project. At this meeting, the Board discussed the scope of the project. It tentatively decided to address the accounting for all tradable emissions rights and obligations arising under emissions trading schemes. In addition, it will address the accounting for activities that an entity undertakes in contemplation of receiving tradable rights in future periods, eg certified emissions reductions (CERs).
IASB Meeting December 2007
12 December 2007
The Board decided to activate work on its Emissions Trading Schemes project. There has been a void in authoritative guidance in this area since the withdrawal of IFRIC 3 Emission Rights and it appears that considerable diversity in practice has arisen.
IASB Meeting February 2006
23 February 2006
The Board noted that it had previously concluded that its IAS 20 project is precedential to its Emissions Trading project. Accordingly, the decision to defer the IAS 20 project means that work on the Emissions Trading project is also deferred.
IASB Meeting September 2005
21 September 2005
The Board decided to add this topic to its agenda. Rather than a new IFRS, the output from the project is expected to be amendments to existing Standards, so that they better address the main accounting issues raised by emission trading schemes.