배출권거래제의 회계에 관한 연구

It is scheduled to introduce Greenhouse gas emissions trading scheme(ETS) from 2015 in Korea. But there is no experience on and accounting guideline for ETS. This study investigates US & EU ETS and guidelines of accounting for emission allowances, and reviews two research paper surveying the accounting choices of corporate players in the EU ETS in order to understand effects of ETS on financial position and performance. In 1990, ETS is first established with the passage of Amendments to the Clean Air Act in the US. And FERC adopted accounting requirements for emission allowances. It is only official guideline to date in the US. The EU ETS has been operational since January 2005, and is the largest multi-country, multi-sector GHG emission trading system worldwide. IFRIC 3, Emissions Rights, was issued in December 2004 but only six months after issuance, the IASB withdrew IFRIC 3. The withdrawal of IFRIC 3 resulted in diversity in accounting practice with regard to ETS. This diversity in accounting practice means that the company accounts of large EU ETS emitters cannot in most cases be directly compared, despite the possibility that emission allowances will be material to the accounts. It is expected that IASB/FASB will establish accounting standard for emission allowances and credits in other scheme. And further research for accounting issues on various emission reduction programs including Cap and Trading scheme.