Research On Improvement Of Accounting Treatment Of Carbon Emission Rights Of Sinopec Under The "Double Carbon" Target

On the new journey of fully opening the second centenary goal,achieving the goal of reaching the peak of carbon encourages high-carbon enterprises to move towards the road of carbon reduction and decarbonization transformation and development.With the expansion of the main body of China’s carbon emission trading market and the increase of trading varieties,the current relevant accounting system has been unable to fully cover it.To solve this problem,it is particularly important to speed up the development of carbon emission trading accounting.At present,China has begun to formulate and implement relevant carbon emission control policies,such as the "National Carbon Emission Accounting Guide" and "Power Grid carbon trading Management Measures".The majority of enterprises have also actively responded to the government’s initiative,constantly increasing research and development investment and technological transformation,and promoting the development of intelligent,green and circular economy.In this context,unified accounting standards are needed to measure the carbon emission,carbon income and carbon expenditure of different enterprises,so as to better control the role of different accounting principles on China’s regional carbon emission.The formulation of carbon accounting measurement standards under the dual carbon goal has a positive impact on the realization of carbon emission reduction goals and the recognition of carbon emission reduction responsibilities.This paper uses literature analysis,case analysis and comparative analysis to summarize and compare the international standards,the treatment standards of carbon emission accounting and the different impacts of different regional entities such as the United States,the European Union and China,and finds out the advanced experience and lays a good foundation for the subsequent research.Then,the relevant situation of China’s carbon emission allowances is analyzed and summarized,and then Sinopec is taken as an example,focusing on the changes of the company in the process of achieving carbon emission targets and putting forward problems,and finally starting from three aspects: accounting recognition,accounting measurement and accounting information disclosure,and putting forward corresponding improvement countermeasures.Finally,it concludes that carbon credits should be recognized as different assets according to different targets;Carbon liabilities and carbon assets should be accounted for at fair value;The accounting information disclosure model of "off-balance sheet consolidation" should be adopted to strengthen the accounting treatment of carbon emission allowances by domestic enterprises.Through these conclusions,it is expected that the carbon rights management level of case enterprises can be improved,and a reference case can be provided for the carbon rights management of similar enterprises in China,and ultimately contribute to accelerating the realization of China’s "dual carbon" goal.