IETA LIVE CARBON MARKETS SERIES - IETA & PwC EU ETS CARBON ACCOUNTING REPORT RELEASE

October 15, 2021

Co-hosted by IETA & PwC

In 2007, IETA and PwC came together to produce a report on the accounting practices of companies operating in the EU ETS. This report revealed significant inconsistencies between companies, highlighting that no international financial reporting standard had been agreed to address how carbon allowances should be accounted for in financial statements. 

IETA and PwC have joined forces once again to see what has changed since our original report. Carbon accounting issues are increasingly important today because of the need for transparency and accountability when it comes to adopting measures that will get us to Net-Zero. This event will officially launch IETA and PwC’s new report and ask what has changed over the last 14 years. Is there still no internationally recognised way to account for carbon allowances? Does the market truly understand the financial consequences of emissions and related credits on companies’ balances sheets? If the EU ETS is to be a template for carbon pricing around the world, how can we ensure that robust and effective carbon accounting also becomes an EU export? 

Join IETA and PwC in an exploration of what carbon accounting practices in the EU ETS can tell us about our journey to Net-Zero.

FULL REPORT HERE

Recording available HERE

Presentation available HERE

Welcome Remarks: Dirk Forrister, President & CEO – International Emissions Trading Association (IETA)

Moderator: Adam Berman, European Policy Director – IETA

Presenters

• Karin Meijer, Partner, Capital Markets and Accounting Advisory Services – PwC
  
• Scott Bandura, Partner, National and Global Accounting Consulting Services – PwC
  

Respondents 

• Ravi Abeywardana, Technical Director – Carbon Disclosure Standards Board 
  
• Miguel Perez Ludena, Research Lead – Global Reporting Initiative