Accounting for Carbon Emission Allowances in the European Union: In Search of Consistency

Accounting in Europe

Volumn 10, Issue 2, 2013, Pages 223-239

  Black, Celeste M ^a,b  

^a MACQUARIE UNIVERSITY   (Australia)

^b UNIVERSITY OF SYDNEY   (Australia)

Author keywords

[No Author keywords available]

Indexed keywords

EID: 84886398194     PISSN: 17449480     EISSN: 17449499     Source Type: Journal    
DOI: 10.1080/17449480.2013.834730     Document Type: Article

References (17)

1. Bebbington, J. and Larrinaga-Golzález, C. (2008) Carbon trading: accounting and reporting issues, European Accounting Review, 17(2), pp. 697-717. doi: 10.1080/09638180802489162
2. Cook, A. (2009) Emission rights: from costless activity to market operations, Accounting, Organizations and Society, 34(4), pp. 456-468. doi: 10.1016/j.aos.2007.12.001
3. Copenhagen Economics (2010) Tax Treatment of ETS Allowances: Options for Improving Transparency and Efficiency, Copenhagen. Available at http://ec.europa.eu/taxation_customs/resources/documents/common/publications/studies/ets-report.pdf
4. Deloitte (2009) The Carbon Jigsaw (London: Association of Chartered Certified Accountants). Available at http://www.accaglobal.com/content/dam/acca/global/PDF-technical/climate-change/tech-af-cjb.pdf
5. EC (2011) Reponses to Question 8: Are corporate/income taxes calculated by reference to profits in the financial statements?" Report on the Responses Received to the Consultation of Accounting Regulatory Committee Members on the Use of Options within the Accounting Directives. Available at http://ec.europa.eu/internal_market/accounting/docs/2010-options_en.pdf
6. EC (2012) Climate action: policies: emissions trading system: auctioning: 2nd trading period. Available at http://ec.europa.eu/clima/policies/ets/auctioning/second/index_en.htm
7. EFRAG (2005) Letter dated 6 May 2005 from Stig Enevoldsen, EFRAG Chairman to Dr Alexander Schaub, Director General of the European Commission, re adoption on IFRIC 3 Emission Rights.
8. Ellerman, A. D., Convery, F. J. and de Perthuis, C. (2010) Pricing Carbon: The European Union Emissions Trading Scheme (Cambridge: Cambridge University Press).
9. EU (2009) Directive 2009/29/EC of the European Parliament and of the Council of 23 April 2009 Amending Directive 2003/87/EC so as to Improve and Extend the Greenhouse Gas Emission Allowance Trading Scheme of the Community (the 'Phase III Directive').
10. EU (2010) Commission Decision of 24 December 2009 Determining, Pursuant to Directive 2003/87/EC of the European Parliament and of the Council, a List of Sectors and Subsectors Which Are Deemed to be Exposed to a Significant Risk of carbon Leakage, 2010/2/EU.
11. European Commission and the Hon Greg Combet, Minister for Climate Change and Energy Efficiency, Australian Government (2012) Media release: Australia and European Commission agree on pathway towards fully linking emissions trading systems, 28 August 2012.
12. Fornaro, J. M., Winkelman, K. A. and Glodstein, D. (2009) Accounting for emissions: emerging issues and the need for global accounting standards, Journal of Accountancy, 208(1), pp. 40-45.
13. IFRS (2013) Work plan - as at 25 March 2013, Research projects. Available at http://www.ifrs.org/current-projects/iasb-projects/Pages/iasb-work-plan.aspx
14. Lovell, H., Sales de Aguiar, T., Bebbington, J. and Larrinaga-Golzáles, C. (2010) Accounting for Carbon (London: Association of Chartered Certified Accountants). Available at http://www.accaglobal.org.uk/content/dam/acca/global/PDF-technical/climate-change/rr-122-001.pdf.
15. PricewaterhouseCoopers and the International Emissions Trading Association (2007) Trouble entry accounting - revisited. Available at http://www.ieta.org/assets/Reports/trouble_entry_accounting.pdf
16. Wambsganss, J. and Sanford, B. (1996) The problem with reporting pollution allowances, Critical Perspectives on Accounting, 7(6), pp. 643-652.
17. Warwick, P. and Ng, C. (2012) The 'cost' of climate change: how carbon emissions allowances are accounted for amongst European Union companies, Australian Accounting Review, 22(1), pp. 54-67. doi: 10.1111/j.1835-2561.2011.00158.x