Research On Relevant Accounting Issues Of Carbon Emission Rights Trading

With the mitigation of greenhouse gas emissions from human activities becomeing the core of climate change, carbon emission space gradually become increasingly scarce natural resource, and relevant rights are also increasingly highlight their unique value. Hence, many countries including China have introduced carbon emission rights trading as a policy tool. As more enterprises taking part in the trading, its impact on the enterprises’financial situation has became apparent, which is inevitably related to the accounting treatment issues. However, there is not a widely recognized relevant standard applying to domestic and international companies. Theoretical points on the recognition, measurement and reporting of carbon emission rights are complex. So we need to combine different operating mechanisms to make a deep analysis and systematic research, building a suitable accounting theory system of carbon emissions trading for our country, which can provide reliable accounting guidance for practices. Based on these reasons, I finally chose this topic as the research centre of the paper.This article uses the method of standard research and systematically analyzes related accounting issues about carbon emissions trading on different mechanisms combined with Chinese carbon market situation. Its main content is divided into four parts:Part I Introduction. It mainly introduces the study’s background and significance. By summarizing and analyzing domestic and foreign literature, it proposes research ideas and methods, and points out the paper’s innovation and limitations.Part Ⅱ the Research Foundation of Carbon Emission Rights Trading Accounting. Based on the theoretical basis of carbon emissions trading accounting, it introduces the important related concepts and two key operational mechanism of carbon emissions trading in detail. Then it combs the overall carbon accounting framework, which help us find out the relationship and those core issues.Part III Carbon Emission Rights Trading Accounting Recognition and Measurement Issues. Firstly, it describes carbon emission rights trading accounting’s current disposal. Secondly, it systematically analyzes carbon emission rights’accounting recognizing, measuring problems under "cap and trading scheme" and "baseline and credit scheme" respectively, supplymented by practical examples to illustrate the accounting treatment situation finally.Part IVCarbon Emission Rights Trading Accounting Information Disclosure Issues. After the analysis of carbon information disclosure status of foreign and Chinese listed companies, it notes the current problems and tries to build the carbon emissions trading accounting reporting model, which is described from four aspects that are the goal, the principles, the contents and the manner both of disclosure inside and outside accounting statements. It also lacks of consideratAccording to the above research, I believe although theorists are quite concerned about related accounting issues and put forward many ideas, it has not yet formed a unified set of carbon emissions trading accounting standards. But through analyzing the features of different carbon emissions trading mechanism, I have drawn the following conclusions:Carbon emission rights should be recognized as an asset, but their asset attributes differ depending on specific operating mechanism; The quotas under the "cap and trading scheme" have better adopt dual measurement attribute and the carbon credits under the "baseline and credit scheme" are measured at fair value; Corporate carbon emissions trading matters should be included in the current accounting system. I hope the paper can raise public’s concern about accounting issues of carbon emission rights trading.