{"schema_version":2,"canonical_url":"https://asc.understandingaccounting.org/asc/818/10/#05-overview-and-background","source":"FASB Accounting Standards Codification, Basic View","usage":"Study and research edition. Verify current requirements with the official source. Summaries, enrichment, and tags are machine-generated study aids. Paragraph html preserves source markup; snippet is abbreviated. Pending content is not necessarily effective.","topic":"818","topic_title":"Environmental Credits and Environmental Credit Obligations","subtopic":"818-10","subtopic_title":"Overall","section":{"number":"05","label":"05 Overview and Background","anchor":"05-overview-and-background","is_sec":false,"groups":[{"block":null,"heading":null,"paragraphs":[{"citation":"818-10-05-1","para":"05-1","html":"
Transition date:(P) December 16, 2027; (N) December 16, 2028Transition guidance:
818-10-65-1The Environmental Credits and Environmental Credit Obligations Topic includes the following Subtopics:
  1. a
    Overall
  2. b
    Environmental Credits
  3. c
    Environmental Credit Obligations.
","snippet":"Transition date:(P) December 16, 2027; (N) December 16, 2028Transition guidance:818-10-65-1The Environmental Credits and Environmental Credit Obligations Topic includes the following Subtopics:\n(a) Overall\n(b) Environmen…","pending":true,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:63aa14c62f9475a913b1bee8887f6bdec52e85b2bdfbb3665f36c3bf81b7b708","downloaded_from":"2026-09-10T01:41:41.658Z","last_downloaded_at":"2026-09-10T01:41:41.658Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147476105","source_sha256":"42738ea954aa853635fda5ce4bebb139d1022658b04ae161a408459db5428972"}},{"citation":"818-10-05-2","para":"05-2","html":"
Transition date:(P) December 16, 2027; (N) December 16, 2028Transition guidance:
818-10-65-1The Subtopics listed in paragraph 818-10-05-1 establish the financial accounting and reporting requirements for entities that obtain or generate an environmental credit or are subject to regulatory compliance programs (for example, cap-and-trade, renewable portfolio standards, or renewable fuel standards) that result in an environmental credit obligation.
","snippet":"Transition date:(P) December 16, 2027; (N) December 16, 2028Transition guidance:818-10-65-1The Subtopics listed in paragraph 818-10-05-1 establish the financial accounting and reporting requirements for entities that obt…","pending":true,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:002e0cb571848a7e6d38200af5f0e144b2041d63952ef919cea8a96312bc2c4b","downloaded_from":"2026-09-10T01:41:41.658Z","last_downloaded_at":"2026-09-10T01:41:41.658Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147476105","source_sha256":"42738ea954aa853635fda5ce4bebb139d1022658b04ae161a408459db5428972"}},{"citation":"818-10-05-3","para":"05-3","html":"
Transition date:(P) December 16, 2027; (N) December 16, 2028Transition guidance:
818-10-65-1Entities engage in a variety of transactions that involve environmental credits. Environmental credits are acquired, internally generated, granted by a regulator or its designee(s), or received in a nonreciprocal transfer that is not a grant from a regulator or its designee(s). Entities use those environmental credits:
  1. a
    To settle environmental credit obligations
  2. b
    To transfer in an exchange transaction
  3. c
    In a nonreciprocal transfer
  4. d
    To meet voluntary environmental initiatives (referred to as using environmental credits for voluntary purposes).
","snippet":"Transition date:(P) December 16, 2027; (N) December 16, 2028Transition guidance:818-10-65-1Entities engage in a variety of transactions that involve environmental credits. Environmental credits are acquired, internally g…","pending":true,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:34ca77b3fd8fbc7a0577a791145cf1ee245f8106475f72ab6abd967cf5d9f8df","downloaded_from":"2026-09-10T01:41:41.658Z","last_downloaded_at":"2026-09-10T01:41:41.658Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147476105","source_sha256":"42738ea954aa853635fda5ce4bebb139d1022658b04ae161a408459db5428972"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:1bd131a7b3fbc701143fe90eb53df52bec7f5a9d997d8ea83539e6551d07f627","downloaded_from":"2026-09-10T01:41:41.658Z","last_downloaded_at":"2026-09-10T01:41:41.658Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147476105","source_sha256":"42738ea954aa853635fda5ce4bebb139d1022658b04ae161a408459db5428972"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:830f23a8cce55122fa2c11e5830f47d7519af13065db60e68edf0eb081cdf391","downloaded_from":"2026-09-10T01:41:41.658Z","last_downloaded_at":"2026-09-10T01:41:41.658Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147476105","source_sha256":"42738ea954aa853635fda5ce4bebb139d1022658b04ae161a408459db5428972"}},"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:830f23a8cce55122fa2c11e5830f47d7519af13065db60e68edf0eb081cdf391","downloaded_from":"2026-09-10T01:41:41.658Z","last_downloaded_at":"2026-09-10T01:41:41.658Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147476105","source_sha256":"42738ea954aa853635fda5ce4bebb139d1022658b04ae161a408459db5428972"}}