Abstract: Carbon emissions trading scheme is one of the effective ways responding to the global challenge of climate change. As the carbon trading pilot in China has been launched and the national carbon trading market has started to be built，the establishment of a unified carbon accounting system is particularly important. The paper is aimed to discuss the recognition and measurement of carbon assets, accounting assumptions，accounting information disclosure, carbon asset management and other issues based on the review and combing of the latest domestic and abroad research. The study indicates carbon asset should not simply be attributed to an asset, while should stands alone as a carbon asset to be recognized and measured, and the new "carbon balance" accounts should be created. For its part of the sale, disposal and transfer can be considered and be reflected in the balance sheet, and prepare for the relevant financial statements to disclose the carbon information timely.

Keyword: carbon emissions trading; carbon asset management; carbon accounting