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Overview
Our publication summarizes the FASB’s final guidance establishing requirements on how to recognize, measure, present and disclose environmental credits and environmental credit obligations. The guidance applies to all entities that buy, receive or internally generate environmental credits they intend to sell, trade or distribute. It also applies to entities that use such credits for compliance or voluntary purposes (e.g., for use in carbon-neutral or net-zero initiatives). The guidance is effective for fiscal years beginning after 15 December 2027, including interim periods within those years, for public business entities and a year later for all other entities. Early adoption is permitted.