Page 43 - Research on Financial Development Mechanism and Path of Forestry Carbon Sequestration in Developing Countries under Double Carbon Targets

Chapter 1 Carbon Asset Management Practice

Ministry of Ecology and Environment issued the “2022 Annual Report on China’s
Policies and Actions to Address Climate Change”, emphasizing that China has actively
implemented the Paris Agreement, effectively and orderly pushed forward various key
work around the goals of peak carbon dioxide emissions and carbon neutrality, and
achieved remarkable results. As of October 21, 2022, the cumulative trading volume
of the national carbon market carbon emission quota (CEA) was 1.96×108t, and the
cumulative trading volume was 8.58×109 yuan, indicating that China’s carbon market
transactions were running healthily and stably and the carbon asset management system
was gradually improving.
At present, domestic and foreign experts and scholars have carried out detailed
research on the carbon asset management system, including the planning, design, con-
struction, operation, evaluation and optimization of carbon asset management. Among
them, the carbon asset management planning and design is a long-term strategy, which
requires enterprises to rationally allocate the amount of carbon assets stored and sold to
ensure multiple benefits; The construction of carbon asset management is mainly divid-
ed into five parts: carbon emission, monitoring report verification (MRV), quota, trans-
action and performance, so as to realize standardized, efficient and professional carbon
asset management of enterprises; The carbon asset management assessment includes
the expected volume and revenue of carbon assets.

2.3.1 Carbon emission rights and carbon asset management concepts

Generally speaking, carbon emission right refers to the right of an enterprise to
release greenhouse gases (CO2, CH4, etc.) into the atmosphere upon approval. The
“Administrative Measures for Trading of Carbon Emissions Rights (for Trial Imple-
mentation)” issued by the Ministry of Ecology and Environment indicates that carbon
emissions rights are carbon emission quotas allocated to key emission enterprises with-
in a specified period of time. Carbon asset management refers to enterprises’ reliance
on carbon assets to realize enterprise value appreciation in order to increase economic
income and social value. The trading of carbon emission quota is its main management
mode. In July 2021, the national carbon market was first included in the power industry
with relatively large carbon emissions. The carbon asset management business current-
ly mainly refers to the carbon asset management of the power generation industry. The
carbon asset management system involves carbon emission data, carbon asset budget,
carbon asset emission reduction and carbon trading plan. Power generation enterprises
can make coordination plans based on carbon asset information disclosure by verifying

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