Research On The Recognition And Measurement Of Environmental Cost Of Baosteel Under The Target Of "Double Carbon"

Since the reform and opening up,under the leadership of the Party and the government,China’s economy has developed rapidly.In 2020,at the 75 th session of the United Nations General Assembly,China clearly proposed the "double carbon" target,i.e.economic development should be based on green and low-carbon development to achieve This means that economic development should be based on green and low-carbon development,with a view to achieving "peak carbon" by 2030 and "carbon neutrality" by 2060.In the context of the "double carbon" goal,the study of environmental cost accounting is particularly important,and solving the problem of environmental cost recognition and measurement can largely help enterprises to respond to the "double carbon" goal.In this paper,we take Baosteel as a case study and analyse how to recognise and measure environmental costs under the "double carbon" target.Firstly,it summarises the relevant literature on the recognition and measurement of environmental costs and provides a theoretical basis for the study of Baosteel’s environmental cost recognition and measurement;secondly,it introduces the current situation of Baosteel’s environmental costs and highlights the problems of incomplete recognition and inaccurate measurement of environmental costs;then it applies the life cycle approach to classify environmental costs: resource depletion costs,environmental degradation costs,environmental prevention and control costs and internal loss costs.It then analyses the recognition criteria,methods and processes of Baosteel’s environmental costs,and calculates the environmental costs of Baosteel based on the relevant data of Baosteel in 2021.Finally,based on the "double carbon" objective,we propose countermeasures and suggestions for Baosteel in the recognition and measurement of environmental costs,and enterprises should pay attention to the environmental costs incurred in their business activities,so as to add to the realization of the "double carbon" objective.The following conclusions have been reached:(1)Environmental costs must be recognised when transactions and events occurring in an enterprise that are related to the environment result in an outflow of economic benefits and can be measured or estimated effectively.(2)Enterprises should focus on resource consumption costs and environmental degradation costs,which can help them to achieve green and low-carbon development.(3)The study of environmental cost accounting is positive for China to achieve the goal of "double carbon",and it is necessary to improve the recognition and measurement system of environmental costs for the healthy development of Chinese enterprises.