The Study On Low Carbon Investment And Carbon Performance Of Huaneng Power International

The low-carbon economy is a popular research in recent decades,and the research results in the field of low-carbon economy are quite fruitful.Although scholars have carried out a lot of research on low-carbon investment,most of the research objects are concentrated on the macro level of countries and regions,and rarely involve the micro level of enterprises.Therefore,the literature about low-carbon investment and carbon performance of enterprises is very rare.As a result,this paper aims to do research on carbon investment and its carbon performance at the enterprise level.The power generation industry is an important pillar and strategic industry in China.The low-carbon power generation is the basis for the realization of lowcarbonization in other industries in China,and is also the guarantee for China’s economic and social low-carbon development.As a large state-owned traditional thermal power enterprise,Huaneng Power International has obvious advantages in overall scale and asset allocation.It has a long time span for low-carbon investment,and invest mainly on low-carbon thermal power technology,clean energy development technology and power generation projects.Therefore,this paper selects Huaneng Power International as a case,analyzes the implementation of low-carbon investment of Huaneng Power International from the driving factors,the formulation and implementation process of the low-carbon investment strategy of the enterprises.This paper analyzes the current low-carbon investment results of Huaneng Power International based on the scale and structure of low-carbon investment funds;then uses carbon performance,which includes the economic performance and environmental benefits,of the company to evaluate the interests of low-carbon investment of Huaneng Power International.Finally,it is found that in the short run,low carbon investment has a negative impact on the economic performance of corporate carbon performance,and has a positive impact on environmental performance;but in the long run,low carbon investment will help the company’s carbon performance.Conducting study on the low-carbon investment and carbon performance of China’s power generation enterprises will help to enrich the theory of low-carbon economy and low-carbon financial management on a theoretical level,and help to promote enterprises to carry out low-carbon investment reasonably and efficiently.