EY refers to the global organization, and may refer to one or more, of the member firms of Ernst & Young Global Limited, each of which is a separate legal entity. Ernst & Young Global Limited, a UK company limited by guarantee, does not provide services to clients.
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Accounting for trees held to generate carbon offsets for use or sale
In this publication, we discuss how to determine the appropriate accounting for trees held to generate carbon offsets.
Many entities are investing in trees as a means to offset their carbon emissions (a carbon sink) or to generate carbon offsets for sale. Whether the entity manages the trees and harvests any agricultural produce will be important to determine the applicable requirements. We outline relevant factors to consider, and whether a fair value or cost model will apply to the trees.