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IIIIJ. ULIIJL LIIJII. The Emissions Trading Scheme (ETS) is used to reduce carbon emissions u] Protocol. For emission allowances trading under the EU ETS has
IIIIJ. ULIIJL LIIJII. The Emissions Trading Scheme (ETS) is used to reduce carbon emissions u] Protocol. For emission allowances trading under the EU ETS has been reasonal Hence, the accounting treatment for emission allowances under the sch: determined. Firstly, the report identifies the nature and characteristics of emissj Then, analysing measurement of emission allowance on different accounti Finally, discussing the consequences of emission allowance on the financial sta The nature of emission allowances The definition of Accounting standard concludes that emission allowances I because emission allowances are resources conducted by entities and it V expected future economic benefits to entities (Dora ,2009). Therefore, emissi- in accordance with IAS 2 Inventories (when emissions allowances for sale as a A liability to be recognized for the obligation to be allocated a certain amount which is in accordance with AASB 137. However, emissions-related liabilities only when companies have emitted more emissions than allowances held
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