A Case Study On The Accounting Confirmation And Measurement Of Carbon Emission Rights For Thermal Power Generation Companies

Carbon trading is a market mechanism to reduce global greenhouse gases and reduce carbon dioxide emissions,in the context of the Kyoto Protocol,as a commodity in the context of the Kyoto Protocol.The National Development and Reform Commission issued the "notice on conducting a pilot project on Carbon Trading" in October 2011 to approve carbon emissions trading in Beijing,Shanghai,Tianjin,Chongqing,Hubei,Guangdong and Shenzhen.The government uses the emissions of enterprises in previous years as a reference,the appropriate release of free carbon quota,emissions for a natural year for the calculation cycle.If an enterprise emits more than the quota,it needs to buy excess carbon emissions in the carbon trading market;if the emission reduction effect is significant and the carbon quota is surplus in that year,it can sell excess allowances in the carbon market for economic gain.The formation of a market for trading carbon emissions is both a challenge and an opportunity for companies.With the rapid development of China's economy,the carbon emission rights have attracted much attention in recent years In December 2017,our country pioneered a national carbon trading system with power generation as a gateway,but as a new asset,there is currently no regulatory accounting system in the country,there is a wide range of accounting questions about carbon emissions,with pros and cons,while power producers,especially coal-fired power producers,emit a lot of carbon and have a very large impact on the costs and profits of power generation firms,so it is urgent to solve the problem of accounting confirmation and handling of carbon emission trading in power generation industry.Using data collection method,literature research method and case analysis method,the paper summarizes the theory of Carbon Trading and accounting,analyses the accounting of carbon emission rights of thermal power enterprises,and takes JD fossil-fuel power station in Jiangxi Province as an example,this paper discusses the problems related to the accounting treatment of carbon trading in the thermal power industry,which is organically combined with the current accounting standards and the conclusions of domestic and foreign experts,the accounting treatment of carbon emission rights can be better integrated into the existing accounting system and to explore emission reduction measures associated with carbon emissions trading by thermal power plants.