Research On The Value Assessment Of Carbon Assets

Currently, the world has reached a consensus on reducing greenhouse gas emissions. The adoption of the United Nations Framework Convention on Climate Change, the signing of the Kyoto Protocol, and the Copenhagen Climate Conference convening is a series of activities such as important results in response to climate problem. On December 11 th, 1997,in Kyoto, Japan, a legally binding “Kyoto Protocol” which is a milestone in global climate negotiations, had been adopted. It built a global greenhouse gas emissions control system, with the introduction of three flexible market mechanisms. Thus, a new era of carbon trading was opened.As the largest developing country, our government has continuously increased its policy support to new areas of low carbon industry, and actively explore the green low-carbon development in line with their national conditions. In January 2013, China’s National Development and Reform Commission approval of Beijing, Tianjin, Shanghai, Chongqing, Hubei, Guangdong and Shenzhen to carry out pilot carbon emissions trading, and a comprehensive carbon trading will also be about to start.In such a new situation, the measurement and evaluation of carbon assets will be a new opportunity for our country’s assets evaluation industry.Under this article the total amount control of carbon assets trading as a backdrop, stood in the angle of the carbon assets trading on China’s enterprises and make a systematic study on the value of carbon assets. First of all, this paper summarizes the relevant concepts of the carbon assets valuation, then describes the five theoretical basis of carbon assets valuation theory, such as labor theory of value, theory of equilibrium price,utility theory of value and transaction cost theory. Secondly based on the carbon assets trading system in our country, more systems to assess factors affecting the value of corporate cabon assets analysis; Again, for the assets of special properties, comments on market approach, the income approach, cost method and other methods of assessment in the area of evaluation of carbon assets values of applicability. On this basis, the fuzzy comprehensive evaluation method and AHP combination with the market approach, propose improved methods to assess the value of the carbon assets. Finally, to trade in the main trading object of SO2 emissions, for example, emission values to validate value evaluation model and its application in practice.There may be three contributions of this article: Firstly, it is a new perspective from the position of carbon assets’ owners to value carbon assets. Secondly, for the carbon assets of special properties, more systems to assess factors affecting the value of corporate assets analysis, to provide reference for improving the market approach. AHP and fuzzy comprehensive evaluation method applied to carbon assets is to improve the market approach, and the degree of similarity between the assets and the comparable case can be quantified, which make up the defects of traditional evaluation methods.