The Research On Carbon Emission Rights Trading Accounting

It has just been less than forty years since Margaret Thatcher first recommend thequestion of Global Warming to the world, however, the idea about low-carbon economy,environmental protection, energy-saving and emission-reduction has been wildlyaccepted, and governments around the world are seeking ways of internationalcooperation positively, trying to solve the worldwide environmental problem thoughglobal collaboration. Under this circumstance, carbon emission rights trading wasdesigned as a emission-reducted mechanism, which got a rapid development in a shorttime. Nevertheless, research on accounting of GHG emission rights arestagnant.Considering it’s sophisticated characters, accounting academicsis no closer to consensus about the recognition and measurement of emission rights,thus weakens the reliability and comparability of accounting information.Carbon emission rights trading in our country started relatively late，yet weachieve a big development。However, the lack of domestic demand narrows thisbusiness in one of the three mechanism under Kyoto Protocol, the CDM market, whichmakes our country a pure provider in carbon emission rights transaction. Influenced bythis situation, the corresponding accounting research in our country focuses on thetreatment of CDM, lacking of thoughts about the whole process of the transaction.Those researches based on the entire course of emission trading are drawing too muchon foreign experience, and take too little domestic practice into consideration. Thepurpose of this paper is to standlize the way of accounting treatment of GHG emissionrights trading in our country, making it suitable for both the existing accountingguidance system and the true market condition. The result of this paper is alsothe innovation point, which shares great similarity with the way dealing with the realestate investment and intangible assets and the conversion of those assets, and build thecarbon emission trading accounting system.