中国工程科学 (Aug 2024)

Strategies to Improve China’s Carbon Accounting System under International Green Trade Barriers

  • Bian Shaoqing ,
  • Yang Shanshan ,
  • Yang Xiu ,
  • Lu Xi ,
  • Wang Yu ,
  • Zhou Jian ,
  • Zhang Huiyong ,
  • Chen Xiaoting ,
  • He Kebin

DOI
https://doi.org/10.15302/J-SSCAE-2024.04.010
Journal volume & issue
Vol. 26, no. 4
pp. 96 – 107

Abstract

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In response to the global climate crisis, some countries and regions have established green trade “carbon barriers” that leverage their advantages in carbon emissions accounting and certification to curtail exports of Chinese products. Facing these emerging challenges, China needs to refine its carbon accounting system to contribute to an equitable and cooperative global climate governance and trade system. This study aims to improve China’s carbon accounting system. It summarizes the essence and construction progress of the carbon accounting system, introduces the accounting and reporting requirements of international green trade mechanisms, and employs comparative analysis to examine the differences between China’s carbon market, the European Union’s Carbon Border Adjustment Mechanism, and the “Regulation (EU) 2023/1542 concerning batteries and waste batteries” in terms of accounting boundaries, methodologies, and data support and quality assurance systems. The findings indicate that while China’s carbon market aligns with international green trade mechanisms in terms of accounting methodologies, it lags significantly in its carbon footprint system as well as data support and quality assurance systems. These gaps mean that Chinese export-oriented enterprises struggle to overcome these carbon barriers with the current accounting system, potentially hindering the development of emerging industries. The study suggests that China should adhere to its fundamental stance of opposing unfair green trade barriers and take specific measures to improve the carbon accounting system: (1) enhancing the product-level carbon accounting system, (2) establishing a credible platform for emission factor data, (3) bolstering research support from academic institutions, (4) reinforcing data security management, and (5) improving the carbon accounting and reporting capabilities of affected enterprises.

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