At present, there are no specific International Financial Reporting Standards (IFRS) or US Generally Accepted Accounting Principles (US GAAP), or interpretations of those standards, that relate to carbon credit markets. This whitepaper addresses key accounting questions under existing guidance for both compliance carbon credits and voluntary carbon credits.
The paper addresses key accounting issues for entities that expect to use carbon credits to offset their own emissions, those that will trade these instruments in a secondary market and those that intend to do a combination of both. The paper addresses issues relevant to the application of both IFRS and US GAAP, although IFRS is the principal focus.
ISDA encourages the International Accounting Standards Board and the Financial Accounting Standards Board to work together where possible to develop consistent accounting standards for carbon credits under IFRS and US GAAP.
Documents (1) for Accounting for Carbon Credits
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ISDA In Review – July 2026
A compendium of links to new documents, research papers, press releases and comment letters published by ISDA in July 2026.
ISDA Expands SwapsInfo with US FX Derivatives Data
ISDA has expanded its SwapsInfo website to include data on US-reported foreign exchange (FX) derivatives, further increasing transparency in the over-the-counter (OTC) derivatives market. The new FX section provides insights into trading activity in FX forwards, swaps and options. Users...
Updated OTC Derivatives Compliance Calendar
ISDA has updated its global calendar of compliance deadlines and regulatory dates for the over-the-counter (OTC) derivatives space.
ISDA Feedback on Identifying Reference Data
On July 20, ISDA submitted feedback to the European Securities and Markets Authority (ESMA) on draft Level 3 guidance on several technical issues caused by the interaction of the recently adopted regulatory technical standard on derivatives transparency (RTS 2) and...