Page 70 - 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

fied public accountants should participate in guiding the carbon audit business, and the
supervision and assessment system in practice is also unclear. The weakness of a single
supervision force and the lax examination system have all increased the resistance of
the carbon audit work, reduced the efficiency of the carbon emission reduction work,
and are not conducive to the realization of the “double carbon” target.

4.2.4 Countermeasures to crack the dilemma of carbon audit

1) Improve relevant laws and regulations on carbon audit
China lacks laws and regulations related to carbon audit. It is necessary to study
and formulate special laws on carbon audit under the background of the “two carbons”
policy, add content related to carbon audit to the National Standards on Auditing, the
China Standards on Auditing of Certified Public Accountants and the Internal Audit
Standards in a timely manner, strengthen cohesion and coordination between laws and
regulations and audit standards, and enhance pertinence and effectiveness. In addition,
the local government should also issue local laws and regulations that are appropriate
to the local development, so as to consolidate the legal basis for the implementation of
the “two carbon” policy and ensure that there is a legal basis. For example, in Septem-
ber 2021, Tianjin issued the first “double carbon” local regulation, “Tianjin peak carbon
dioxide emissions Carbon Neutralization Promotion Regulation,” which was formally
implemented on November 1 of the same year. The Regulation is in line with the local
economic development environment in Tianjin. It concretizes various indicators of car-
bon emission reduction and clarifies incentives and legal responsibilities, which ensures
the reliable implementation of the local carbon audit and accelerates the implementa-
tion of various targets and tasks in peak carbon dioxide emissions, Carbon Neutraliza-
tion in the city.
2) Strengthen the joint efforts of audit supervision and promote the linkage and co-
ordination of carbon audit
Some scholars’ research shows that there are three main bodies of carbon audit,
among which national audit is authoritative, social audit is universal and internal audit
is unique. The United Kingdom has established a collaborative audit network of the
three, which not only encourages the public to join in the construction of a low-carbon
economy, but also emphasizes information sharing among stakeholders, which gives
great inspiration to the development of carbon audit in China. If we want to infiltrate
carbon audit into every field of our society, we also need the three main bodies to work
together to give full play to their respective attributes.

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