Research On Accounting Confirmation And Measurement Of Carbon Emission Rights Of China Petrochemical Corporation

President Xi Jinping has repeatedly suggested that "Green mountains and clear water are equal to mountains of gold and silver".In this resource-based society,natural resources are closely related to economic development.But in recent years,with the excessive consumption of natural resources,the growth rate of greenhouse gas emissions is faster and faster,The change of environment has caused a series of negative effects,such as ice and snow melting,biodiversity reduction and so on.Therefore,it is urgent to encourage enterprises to participate in green energy conservation and emission reduction,standardize carbon emission trading,and improve carbon emission accounting.Carbon emission trading is not only a way to restrict the energy conservation and emission reduction,but also can help enterprises control the cost of emission reduction.However,compared with western countries,China's carbon emission trading market has developed relatively late,and the nationwide carbon emission reduction system has been initially established,which is not perfect.As a branch of accounting,it is very important to make clear how to integrate the distribution and transaction of carbon emission rights into the whole accounting system,and how to confirm and measure carbon emission rights.Before the issuance of the notice on printing and distributing the Interim Provisions on accounting treatment of Carbon Emission Trading(hereinafter referredto as the Interim Provisions)in December 2019,there was no relevant accounting standard on how to conduct enterprises The accounting treatment of carbon emission decentralization puts forward clear constraints.Although the pilot companies have issued the corresponding local accounting treatment standards,but the accounting treatment of carbon emission decentralization is relatively random,so the information comparability between the accounting entities is poor.Based on this research background,this paper chooses Sinopec as a case to study the relevant treatment methods of carbon emission decentralization accounting.This paper selects Sinopec,which has participated in the carbon emission trading for a period of time,through the analysis of the current situation of the accounting treatment of the case company's carbon emission trading,starting with the accounting confirmation,accounting measurement and accounting information disclosure,to deepen the understanding of the Interim Provisions and the research on the accounting treatment of the enterprise's carbon emission rights,which not only provides support for the construction of the carbon emission trading market in China It is conducive to the standardization of the accounting treatment of carbon emission decentralization of enterprises,as well as the effective supervision and control of the regulatory authorities on the carbon emission of enterprises,which provides a reference for other emission control enterprises.Based on the analysis of Sinopec's carbon emission accounting treatment,this paper gives the following suggestions: enterprises with carbon quota obtained free of charge should be recognized as an asset;enterprises should consider the way to use carbon quota,and recognize carbon emission rights as "intangible assets" and "transactional"respectively according to the holding purpose Financial assets ";it is more accurate to measure the carbon emission right with fair value;the relevant information of carbon emission right should be disclosed both on and off the balance sheet.