2026-04-27T18:48:16Zhttps://riubu.ubu.es/oai/requestoai:riubu.ubu.es:10259/94502024-07-20T00:05:25Zcom_10259_5238com_10259_5086com_10259_2604col_10259_6212
Repositorio Institucional de la Universidad de Burgos
author
Giordano Spring, Sophie
author
Larrinaga González, Carlos
author
Rivière Giordano, Géraldine
2024-07-19T10:15:08Z
2024-07-19T10:15:08Z
2024-07
0951-3574
http://hdl.handle.net/10259/9450
10.1108/AAAJ-07-2022-5946
Since the withdrawal of IFRIC 3 in 2005, there has been a regulatory freeze in accounting for emission rights that contrasts with the international momentum of climate-related financial disclosures. This paper explores how different narratives and institutional dynamics explain the failure to produce guidance on accounting for emission rights.
Design/methodology/approach
This paper mobilises the notion of field-configuring events to examine a sequence of six events between 2003 and 2016, including four public consultations and two dialogues between standard setters. The paper presents a qualitative analysis of documents produced in this space that investigates how different practices and narratives configured the field's positions, agenda, and meaning systems.
Findings
Accounting for emission rights was gradually decoupled from climate change and carbon markets, relegated to the research pipeline, and forgotten. The obstacles that the IASB and EFRAG found in presenting themselves as central in the recurring events, the excess of representations, and the increasingly technical and abstract debates eroded the 2003 momentum for regulation, making the different initiatives to revitalise the project vulnerable and open to scrutiny. Lukes (2021) refers to nondecision-making to express that some issues are suffocated before they are expressed.
Originality/value
The regulation of accounting for emission rights, an area that has received scant attention in the literature, provides some insights into the different narrative mechanisms that, materialising in specific times and spaces, draw regulatory attention to particular accounting issues, which are problematised and, eventually, forgotten. This study also illustrates that identifying interests is problematic as actors shift from alternative positions over a long period. The case examined also raises some doubts about the previous effectiveness of international standard setters in dealing with matters of connectivity between the environment and finance, as is the case for accounting for emissions rights.
eng
Atribución 4.0 Internacional
Emission rights
Accounting regulation
IASB
Field-configuring events
Carbon
Field-configuring events and the failure to standardise accounting for carbon emissions
info:eu-repo/semantics/article
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URL
https://riubu.ubu.es/bitstream/10259/9450/1/Giordano-aaaj_2024.pdf
File
MD5
321d97df1c228bae0ca8d365114784f9
334305
application/pdf
Giordano-aaaj_2024.pdf