Page 55 - Research on Financial Development Mechanism and Path of Forestry Carbon Sequestration in Developing Countries under Double Carbon Targets

Chapter 1 Carbon Asset Management Practice

3.3.2 micro-impact factors
Micro-influencing factors on the value of carbon assets refer to the general term
of various factors that can affect the price of carbon assets due to the enterprise’s own
conditions, including the factors of enterprise nature, enterprise scale and enterprise
competition.
First, the nature of the enterprise. The attribute of an enterprise mainly refers to the
type of ownership of the enterprise. There are many forms of enterprises in our coun-
try, such as state-owned enterprises, collective enterprises, limited liability companies,
joint-stock limited companies and private enterprises, foreign-funded enterprises, etc.
Among them, state-owned enterprises play an important role in ensuring the country’s
energy security and resource stability. They have an important position and are in a
dominant position in both the domestic traditional market and the international market.
For these enterprises, the government policy will be inclined and more carbon emission
rights will be obtained in theory, which will lead to different values of carbon assets of
enterprises with different attributes.
Second, the enterprise scale factor. The size of an enterprise mainly refers to the
state of all assets owned and controlled by the enterprise. For an enterprise in high-
speed development, certain scale benefits will be generated with the growth of the
company’s scale. With the development of scale economy, the scale of an enterprise is
closely related to its production and operation capacity. The larger the enterprise scale,
the stronger the demand for production and operation activities of the enterprise, and
the greater the demand for carbon emissions. Therefore, the government will obtain
more carbon assets for the enterprises with different enterprise scales in order to ensure
the development needs and normal operation of the scale enterprises, and optimize the
allocation of resources, ultimately making the value difference of carbon assets due to
the size of the enterprises.
Third, the competitive factors of enterprises. The competitive factor of an enter-
prise mainly refers to an enterprise’s comprehensive ability to continuously improve its
innovation ability, actively seek and obtain various resources and make comprehensive
use of them to create its own enterprise value through the use of technology under the
condition of market competition. Under the pressure of cost-effectiveness, how to make
a comprehensive cost choice and effectively use the resources with low carbon emis-
sions to maximize the environmental benefits and enterprise benefits is an important
manifestation of the competitiveness of enterprises. With the global climate problem,

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