Bericht

Emissions Trading Schemes under IFRS - Towards a “true and fair view”

This research paper seeks to contribute to the latest discussions on the financial reporting for emissions trading schemes. It starts out by giving an overview of the International Financial Reporting Standards (IFRS) accounting policies, which are currently applied by the majority of participants in the EU Emissions Trading Scheme. It then argues that in order to fulfil the aims of financial reporting under IFRS, namely to provide a true and fair view, accounting must depict CO2 as a cost of production. Therefore, a fair value approach, both with respect to the initial recognition of allocated allowances and the subsequent measurement of allowances, is generally advocated. The paper finishes by highlighting the insufficiencies of the current IFRS accounting rules, which should be addressed in the upcoming new IFRS on emission trading schemes.

Sprache
Englisch

Erschienen in
Series: CPI Report, Climate Policy Initiative

Klassifikation
Wirtschaft
Environmental Economics: Government Policy
Regulation and Industrial Policy: General
Tax Law
Thema
Carbon Pricing
Finance
Sustainability reporting

Ereignis
Geistige Schöpfung
(wer)
Haupt, Madlen
Ismer, Roland
Ereignis
Veröffentlichung
(wann)
2011-01

Handle
Letzte Aktualisierung
20.09.2024, 08:24 MESZ

Datenpartner

Dieses Objekt wird bereitgestellt von:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.

Objekttyp

  • Bericht

Beteiligte

  • Haupt, Madlen
  • Ismer, Roland

Entstanden

  • 2011-01

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