This IFRIC project considered the accounting for schemes that are based on a 'cap and trade' model whereby participants are allocated (typically by a government body) emissions rights equal to a 'cap' (that is, a target level of emissions) and are permitted to trade those emission rights.
Current status of the project
This project has been completed. IFRIC 3 Emission Rights was issued on 2 December 2004.
|15 May 2003||IFRIC D1 Emission Rights published||Comment deadline 14 July 2003|
|2 December 2004||IFRIC 3 Emission Rights issued||Effective for annual periods beginning on or after 1 March 2005|
|June 2005||IASB decides to withdraw IFRIC 3 with immediate effect|