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Greenhouse Gas Emissions Report

EU Governments amend VAT treatment of carbon credits to prevent fraud

Power deals 2008

Publications

EU Governments amend VAT treatment of carbon credits to prevent fraud
Three EU governments have recently announced changes to the VAT treatment of the sale of carbon credits, driven largely by the detection of a number of 'carousel' type cases of VAT fraud. This change may impact the treatment of carbon credits for Irish VAT purposes and will be of interest to companies involved in electricity generation, using heavy volumes of electicity, trading in or are engaged in projects which generate carbon credits and in particular those industrial/ chemical companies generating carbon emissions from industrial processes.

August 2009

Press release

March 2009 - Wind and solar powering renewables M&A activity says PricewaterhouseCoopers report

Greenhouse Gas Emissions Report: An illustration for business climate change and greenhouse gas emissions reporting	October 2009
Mine: When the going gets tough - Review of global trends in the mining industry This report reviews recent financial performance and position of the global mining industry by analysing the performance of the largest 40 mining companies by market capitalisation. The speed at which commodity prices went into freefall in the last quarter of 2008 took many companies by surprise, and exposed a number of issues. We look at how the sector’s leading executives are responding to these and the broader challenges facing the sector in the current environment.	May 2009
A world beyond recession: Utilities global survey 2009 In the past year, utility companies have found themselves in a very different world following the collapse of flagship players in the banking system, the credit and wider financial crisis, the reversal in demand and price growth, and outright recession in many major markets. Through the views of senior utility company executives, we examine the impact of the past year on the sector, and look ahead at what lies beyond the downturn.	April 2009
Oil and gas group news Our UK Oil & Gas specialists provide a number of insights into both UK and global activity within the sector. The latest edition of our ongoing newsletter looks at the key priorities for management teams in the current environment. We also spotlight treasury management and review the impact that current conditions are having on the merger and acquisition activity in the sector.	March 2009
Crisis or not ,renewable energy is hot: To reap the rewards, governments and companies should act now We examine Europe’s future renewable energy marketplace focusing on our progress towards achieving an overall energy mix comprising 20% renewables by 2020. We consider the market’s potential, compare approaches in various countries, and put forward recommendations on how governments and companies can reap the rewards. Despite an economic downturn, it’s clear that the renewable market is set to become a major part of the energy sector and that the time to act is now.	March 2009
Renewables deals*: 2008 annual review The renewable energy sector is an increasingly important arena for deal-making as companies and investors respond to the growing role of renewable sources in meeting global energy demands and the challenge of climate change. Our annual review examines deal-making in a sector expanding its boundaries, both in terms of its contribution to energy supply and the range of players involved.	March 2009
Mining deals 2008: Annual review While the short-tem outlook for mining deal activity from western companies is subdued, the constraints and contrasts in the market will create their own impetus for deal momentum. Indeed, those companies that have funds available may well find 2009 to be a year when they can utilise their financial strength and achieve acquisitions at attractive prices.	February 2009
Oil and gas deals 2008 Our annual review of deal activity in the oil and gas sector looks at both the rational behind the overall trends as well as the key individual deals. Although the immediate outlook is subdued, we explore the potential for a fast revival in commodity prices and deal-making when the market returns and the financial crises has passed.	February 2009
Power deals 2008 This report reviews deal activity within the global gas and electricity sectors. In a year in which power deal values came down from their record-breaking highs in the two preceding years, we examine the negative impact that the financial crisis and a number of market uncertainties had on activity. We also look ahead to see what the future holds for the sector.	January 2009
Intertwined: The physical and the financial - Commodity risk in the oil and gas, power utility and mining sectors This report looks at the new commodity risk challenges facing companies in the oil and gas, power utility and mining industries. We examine the role of trading and hedging within company strategies as well as how best to get key blocks including organisational structure, tax, valuation and accounting right. We also look at what companies should do to embed effective risk management in this new environment across their whole business model.	May 2008
Financial reporting in the utility industry This report examines the key developments in the evolution of IFRS across the utilities sector, with a particular focus on areas requiring more complex judgments. We also review how companies are responding to recent developments within the sector from a financial reporting perspective, including best practice examples of accounting policies and other disclosures from published financial statements.	April 2008
Financial reporting in the oil and gas industry This review issued as many companies reach the end of their first reporting period under IFRS, examines the areas where oil, gas and utility companies need to exercise considerable judgement in applying these standards. We also look at how developments in the wider environment including emissions trading and energy price volatility are accelerating the reporting challenge, with a focus on how the major players within the sector are responding.	April 2008
Trouble-entry accounting revisited: Uncertainty in accounting for the EU Emissions Trading Scheme and Certified Emission Reduction The European Union Emissions Trading Scheme (EU ETS) has emerged as one of the most significant measures to date to tackle climate change since its commencement on 1 January 2005 by bringing the value of carbon dioxide emissions onto the balance sheet. Here we review the accounting approaches applied by major organisations significantly affected by the EU ETS, reviewing the key themes and issues arising in the absence of specific accounting guidance.	September 2007