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In this newsletter, we look at the following topic:
Accounting for self-generated carbon emission reduction certificates
Carbon Emission Reduction (CER) certificates represent a unit of greenhouse gas reduction that has been generated and certified by the United Nations under the 'Clean Development Mechanism' (CDM) provisions of the Kyoto Protocol. Examples of projects include reforestation schemes and investment in clean energy technologies. The entity that receives the CER certificates can trade or sell them to other entities, or may use them to fulfil a company or group's requirements as part of the EU emissions trading scheme.
There is an increasing number of entities in fast-growing economies that own and sell CER certificates, while IFRS does not address the complex issue of accounting for CERs. This newsletter looks at the background to CERs and CDM, the current market practice and a possible approach to accounting for self-generated CERs by 'green' entities in fast-growing economies. Get Your Copy Here
Read more by downloading our HKFRS News - Oct 2007 (pdf file, 140KB) for your reference.
Note: HKFRS has converged with IFRS effective from 1 January 2005. Contents contained in this newsletter are relevant to both HKFRS preparers and IFRS preparers. Other Issues of HKFRS News
Accounting and Listing Rules Updates |
