Potential Impediments to Long-Term and Low-Carbon Investment: The International Accounting Standards at Stake

Sandra Rigot & Samira Demaria
This paper[i] aim to understand the role of today’s accounting requirements for financial intermediaries (banks and insurers), to be aware of their limitations and to underscore the need for reform in order to foster long-term and then low-carbon capital spending in Europe. The paper shows that International Financial Reporting Standards (IFRS) can affect long-term asset allocation of banks and insurance companies. International accounting standards do not differentiate between low and carbon intensive investment and do...
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