Page 64 - Research on Financial Development Mechanism and Path of Forestry Carbon Sequestration in Developing Countries under Double Carbon Targets

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

planning objectives, the previous domestic research on carbon audit is not sufficiently
specific. We need to conduct more comprehensive and in-depth research on the rela-
tionship between China’s recently issued “double carbon” policy and the construction
of China’s legal system for carbon audit, the exertion of synergy among the carbon
audit subjects under the “double carbon” objective, the full coverage approach of car-
bon audit under the “double carbon” background in China, the training of “audit plus”
talents under the “double carbon” policy, and the effective implementation of carbon
audit’s responsibilities for achieving the “double carbon” objective.

4.2.2 the “double carbon” context of China’s carbon audit focus
1) Follow-up audit on the implementation of the “Double Carbon” policy
Tracking and auditing the implementation of the “double carbon” policy formulat-
ed and issued by the state is the central part of the carbon audit. The policy has a certain
orientation, and a strong policy guarantee can effectively promote the implementation
of the “double carbon” work. For the national audit, it should be emphasized whether
all levels of government departments and relevant units have established and perfected
a policy system conducive to green and low-carbon development, such as whether the
tax authorities have issued preferential tax policies to save resources, whether the finan-
cial authorities have implemented strict budget revenue and expenditure management
policies, and whether financial institutions have improved the green financial evaluation
mechanism and green financial standard system to support green loans, green funds
and other financial instruments; For social audit, the audit direction should focus on
key industries, key areas and key projects of carbon emissions, and check whether their
emission reduction activities are in line with the overall objectives of China’s “two-car-
bon” policy, whether they are legal and compliant, whether their emission reductions
are within the scope of the policy, and whether they are scientific and reasonable; For
internal audit, the internal audit department should rely on its inherent independence to
objectively measure the Company’s carbon emissions, check whether the actual com-
pletion of carbon emission reduction work is in line with the Company’s emission re-
duction targets, and further supervise whether the Company’s internal emission reduc-
tion control procedures are operating effectively. After obtaining the audit results, the
internal audit department should feed them back to the management of the Company
in a timely manner, and put forward feasible improvement suggestions for the existing
problems, so as to improve the implementation effect of the Company’s internal low
carbon.

50