Research On The Corporate Compliance Cost And Its Influencing Factors Under Carbon Trading Mechanism

The carbon trading mechanism is a market mechanism for trading carbon emission rights as the subject matter,and solves environmental problems by including subjects that meet the standards into the scope of emission control.The emission control entity needs to take certain measures to complete the quota target,and this process will incur cost expenditures,that is,compliance costs.Compliance cost refers to the carbon transactions and carbon emission reduction of the entities participating in the emission control in order to complete the settlement and settlement goals during the performance period.The resource consumption and loss of profits incurred during this process include the cost of emission reduction Cost and other cost items.This paper takes emission control companies as the research object,and conducts in-depth research on the compliance cost and influencing factors of China's emission control companies under the carbon trading mechanism through case analysis and comparative analysis.This paper discusses the performance decision-making of enterprises in different situations by constructing the compliance cost accounting model and combining relevant influencing factors.Then,this paper selects Sinopec to make a comparison of its 2013-2018 compliance cost,and estimates its emission reduction cost range based on Sinopec's emission reduction methods and carbon dioxide emission reductions,and infers the trend of its compliance cost;The three airlines Air China,China Eastern Airlines and China Southern Airlines conducted a study on the performance costs of 2016-2018.Based on the three carbon pilot quota allocation policies of Beijing,Shanghai and Guangdong,the quota gaps of the three companies were calculated and the transaction costs were estimated.Analyze the tendency to choose emission reduction measures and compare the cost of emission reduction.The study found that in order to complete compliance,companies may have threekinds of decisions,that is,only implement carbon emission reduction,only conduct carbon trading,and both.The influencing factors of compliance cost mainly include policy factors,market factors,industry factors,and enterprise factors,which specifically affect carbon prices,carbon quotas,carbon emission levels,and enterprise carbon management.Different carbon quota policies and market conditions,of which market conditions mainly refer to fluctuations in carbon prices,which have a direct and significant impact on the compliance cost of companies;and due to the difference in emission reduction measures available in different industries and the choice of different companies in the same industry Depending on the carbon emission reduction measures implemented,the company's emission reduction costs and compliance cost will also be affected.In order to achieve the goal of low-cost carbon emission reduction of the whole society,the government and enterprises need to take measures.The government needs to allocate carbon quotas reasonably and accelerate the establishment of a unified national carbon market.Enterprises themselves also need to continuously optimize emission reduction measures and strengthen carbon asset management.