Study On Carbon Trading Rights Accounting Of Steel Enterprises

By the end of last August,the seven pilot markets had an accumulated carbon turnover of exceeding 3 billion yuan.China is expected to become the world's largest carbon trading market when the unified national carbon trading market forms.Therefore,the problem of carbon trading accounting has attracted more and more concerns.In view of the fact that there are few studies on the theoretical research about carbon emissions trading under quota system,this article mainly aims at the quota system of carbon trading.Firstly,it expounds the connotation and economic substance of carbon emissions according to the related concepts.Moreover,it introduces the two types of carbon emission rights in details,namely the carbon emissions of CDM projects and the quota carbon emissions.Then,it recommends the resource scarcity theory,Coase Theorem and Pigouvian Taxes theory.Secondly,a carbon trading decision model is constructed and analyzed as the “potential buyers” behavior.Specifically,according to the principle of minimum cost,when excess emissions are expected to exist,the company whether purchase emissions allowance in the carbon market or use its own technical reform to achieve emissions reduction goal puts forward the judgment standards.Thirdly,based on its purpose,this article conducts qualitative analysis to the quota of carbon emissions assets,separating the intangible assets and financial assets.Then,it illustrates the accounting recognition,measurement,recording and reporting process.Moreover,the conversion between the two assets are illustrated in details.Finally,a large-scale iron and steel enterprise in Tianjin City is taken as example so as to construct a comprehensive decision model.Afterwards,it compares the steam pressure relief system technology,clean energy substitution technology,final treatment technology of three different kinds of ways to reduce emissions and costs,and puts forward the optimal carbon trading decisions.Subsequently,it applies accounting procedure in this series of economic activities.In addition,because the price of the carbon trading market is too low,thus leading the enterprises have low emission reduction power,this article proposes relevant countermeasures and suggestions in facing with this phenomenon.