The staff of the International Public Sector Accounting Standards Board (IPSASB) have developed Emissions Trading Schemes Staff Background Paper (Background Paper). The Background Paper discusses different types of government interventions on controlling greenhouse gases and the economic impacts arising from them.
The Background Paper notes in the introduction that it is neither a pronouncement of the IPSASB nor does it represent the views of the IPSASB or its members. The IPSASB published the Background Paper to provide its stakeholders with a resource to consider in accounting for emissions trading schemes. The IPSASB acknowledges that a research project on emissions trading is being conducted by the International Accounting Standards Board (IASB).
The Background Paper discusses:
- Public policy objectives for developing emissions trading schemes, including reduction of emissions and sharing their costs
- Types of government interventions and their comparative costs and benefits, including regulation, funding and taxation
- Compliance with international treaties and other agreements, such as the Kyoto Protocol
- Combinations of interventions and availability of choice
- Case studies on different types of emission reduction interventions.
The Background Paper is available on this link.
© 2017 CCH Incorporated and/or its affiliates. All rights reserved.