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IFRS® Accounting Standards

Carbon Credits

Summary

The International Accounting Standards Board (IASB) added a project on Pollutant Pricing Mechanisms to its reserve list in response to feedback on its Third Agenda Consultation. The project would aim to develop specific requirements for pollutant pricing mechanisms. Reserve list projects are projects that the IASB will add to its work plan if, and only if, additional capacity becomes available before the IASB’s next five-yearly agenda consultation.

The Accounting Standards Board (AcSB) is performing research to understand pollutant pricing mechanisms and the accounting for carbon credits. The Board intends to use this research to inform future international discussions on this topic.

 

Staff Contact(s)

Shalini Gupta, CPA, CA Principal, Accounting Standards Board

Alex Levine, CPA, CA Principal, Accounting Standards Board and Sustainability Reporting

Project Status

  • Information gathering

    The AcSB is performing research to understand pollutant pricing mechanisms and the accounting for carbon credits

  • Approving project
  • Engaging Communities
  • Deliberating feedback
  • Final pronouncement
Disclaimer

This project summary has been prepared for information purposes only. Decisions reported are tentative and reflect only the current status of discussions on this project, which may change after further Board deliberations. Decisions to publish Handbook material are final only after a formal voting process.