Accounting for climate-related commitments under IFRS

IASB and IFRS Interpretations Committee consider application of IAS 37, Provisions, Contingent Liabilities and Contingent Assets

Should a company that has made public commitments to reduce its greenhouse gas emissions create a provision for any expenses that it expects to incur as a result of its energy transition plans? This question has been raised many times over the past couple of years, and has come under the spotlight during the past few months.