Emissions Trading Schemes

  • Emissions Trading Schemes


    John Stanford

    Task Force

    A Task-Based Group will be established.

    Objective(s) of project

    The aim of the project is to develop a standard(s) that provides requirements both administrators and participants in Emissions Trading Schemes (ETS).


    This project will consider issues related to ETS from the perspective of both administrators and participants.


    The IPSASB does not have a standard on Emissions Trading Schemes. This project is consistent with the IPSASBs strategic priority of developing requirements and guidance on both public sector specific issues (administrators) and IFRS convergence (participants).


    Issues the project will consider include (but are not limited to):

    • Scope of the schemes covered by the project
    • At what point do present obligations and liabilities arise for administrators
    • When do assets arise for administrators and participants
    • How should assets be measured
    • How should administrators account for permits/allowances that are auctioned
    • What disclosures should be required

    Task Force progress / Board discussions to date

    December 2013: The IPSASB reviewed a project brief on Emissions Trading Schemes (ETS). The first phase, which will be the publication of Consultation Paper/Discussion Paper(s) and the analysis of responses, will be a joint project between the International Accounting Standards Board and the IPSASB. The project will include both grantors and participants in ETS. The IPSASB directed that the project should be principles based and that it should include a full discussion and analysis of the auctioning of allowances and permits to emit as well as allocation of such allowances and permits at no cost. The IPSASB also directed that the project should include a consideration of guidance on ETS in the Government Finance Statistics Manual.

    Subject to amendments to reflect these points the IPSASB approved the project brief.


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