IASB December 2009
15 December 2009
The Board discussed the accounting for the right to receive allowances in an emissions cap & trade scheme before the related allowances have been issued
IASB November 2009
17 November 2009
The boards discussed the accounting for emissions cap and trade schemes.
IASB March 2009
19 March 2009
The Board discussed the initial accounting for emission allowances that entities receive free of charge from government in cap and trade emission trading schemes.
IASB and FASB October 2008
15 October 2008
The boards discussed the accounting for emissions trading schemes, including how to account for:
- the receipt of allowances in a cap and trade scheme
- the baseline in a baseline and credit scheme
The session was educational and no decisions were made
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.