Research On Accounting Recognition And Measurement Of Carbon Emissions Rights And Trading

Responding to climate change and reducing greenhouse gas emissions has become theconsensus of all countires in the world. Carbon trading has become a way which use marketmechanism to achieve effective reduction、promote low carbon economy transformation andhas been generally accepted by the international community. Carbon trading and relatedaccounting problems are also presented. In2006new accounting standards are issued in ourcountry, which are achieved with the international convergence. The accounting problems ofcarbon emissions irghts and trading in domestic have been attached great importance. At thetime of keeping up with the international research, on the one hand, it meet the needs of thedevelopment of itself, on the other hand it get the initiative in the field of internationalaccounting. The problem of carbon emission irghts and trading accounting highlights theurgency and the importance to meet the needs of the domestic and overseas development, andthe recognition and measurement problems is the core of carbon emissions irghts and tradingaccounting. This paper analyses and reviews on the literature of carbon emissions irghts andtrading accounting with the method of induction and synthesis analysis to get the purpose andsignificance of the research. On the basis of externality theory、Coase theorem、 propertyaccounting and other related theory, this paper does research on the accounting recognitionand measurement of carbon emission irghts and trading mainly using the normative analysismethod ‘First, on the breakthrough point of the property definition of carbon emission irghts andmarket pricing, carbon emission irghts is "invisible" property of the enterpirse、The marketprice of the carbon emission rights is a key point on the recognition and measurement, thevaluation of pirmary market and pirce regulation of secondary market are particularlyimportant. Second，this article discusses the problem of carbon emissions and tradingaccounting confirmation from the three aspects of abtaining、using、and its trading. Carbonemission irghts accords with the standard of intangible asset’s confirmation. At the time ofusing carbon emissions, emissions irghts assets should be amortized according to the actualcarbon emissions, when overusing it, enterprise should identify the short-term currentliabilities "deal with carbon emissions fees". Third, based on considerations of five factors, wetend to "double option" on accounting measurement model. This paper analyzes the applications of historical cost measurement model in the initial acquisition, normal use andsave using of carbon emissions rights of paid acquisition. Especially this paper has donetentative research on application of fair value measurement on the aspect of the asset formedby the use of saving atfer getting carbon emission irghts and debt caused by excessive using ofcarbon emission irghts. It measures changes in the fair value of the assets and liabilities with"fair value changes-carbon emission irghts". Finally, with case analysis, introducing casetheory combined with practice makes that the conclusion of the research of this paper is moreclarity.