How to Construct a Carbon Asset Management System for Chinese Power Enterprises: A Survey-Based Approach

Abstract

The greenhouse effect of atmospheric pollution is globally concerning. China is transitioning to market-driven emission reduction from policy-driven efforts. In 2021, key power industry emitters were included in the national carbon trading market. However, many companies lack willingness and understanding of carbon assets, hindering progress. Research on power companies in Beijing, a political and carbon market pilot region, is valuable. This study obtained data on the participation of Beijing’s power generation companies in the carbon market and the construction of their carbon management systems during the first compliance period through the distribution of surveys. The findings revealed that the implementation and preparation of carbon inventory, Chinese Certified Emission Reduction (CCER) development, the allocation of carbon management personnel, and training are key factors influencing the actual effectiveness of carbon management within companies. Based on the survey results and the impact pathways, this study outlines the preparatory work, system content, and construction steps for power companies to build a carbon management system. It summarizes five key areas of work for power companies in managing carbon assets: carbon inventory, carbon management personnel and mechanisms, carbon trading, carbon emission reduction, and carbon finance. This provides guidance to help power companies fulfill their obligations smoothly, add value to their carbon assets, and achieve low-carbon development goals. Additionally, it offers a reference for other industry enterprises that are about to enter carbon trading.