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Comment Letter – Contracts for Renewable Electricity
EY issued a comment letter to the IASB with its views on ED - Contracts for Renewable Electricity, Proposed amendments to IFRS 9 and IFRS 7.
We welcome and support the IASB’s efforts to amend the requirements in IFRS 9 and IFRS 7 for the accounting of contracts for renewable electricity from nature-based sources. This letter highlights a number observations we make in response to the specific questions in the Exposure Draft.