The Research On The Means Of Financing Of Low-carbon Economy In China

Since the reform and opening-up policy has implemented in China, the speed of our economy grows more quickly, the economic status rises day by day, china has turned into the second largest economy in the world. However, with the rapid development of industrialization and urbanization, the greenhouse gas emission is increasing and climate warming is getting worse, so the resources and the environment are facing enormous challenges and the ability of sustainable development is not strong. In order to solve the issue of climate change, in2009our government announced that the carbon dioxide emissions of the Chinese unit of GDP in2020decreased by40%-50%based on2005. Our investment in low-carbon industries only in energy saving and emission reduction as well as new energy field is at least10trillion RMB to achieve this goal. This means that the development of low-carbon economy is not only able to solve the climate problems, but also to promote our country to change the way of development and improve the quality of economic development, so as to enhance our international competitiveness. According to relevant data forecast, low-carbon economy will give the global economy＄2.5trillion annually in the future, by2015Chinese low-carbon market will be worth＄7trillion while the market value of low-carbon technologies will reach more than＄0.5trillion in2050.Capital and technology are the main constraint in the process of changing from development model of high-carbon economy to development model of low-carbon economy, and the development of low-carbon technologies is determined by finance to great extent. Therefore, the first problem to be solved is low-carbon economy financing in the development of low-carbon economy. Low-carbon economy is new development model and philosophy which is different from the traditional economic development and low-carbon economy financing is even a new challenge. The global low-carbon economy is facing about＄30billion funding gap one year based on the relevant data estimation. In China, the existing financing system cannot solve the shortage of funds for low-carbon economy, which is restricting the development of low-carbon economy. Therefore, the research on low-carbon economy financing is quiet important and urgent.The main research of this paper is the problem of low-carbon economy financing. First, the paper reveals the necessity of low-carbon finance through regression analysis and game theory. At the same time, by the analysis of the status quo of low-carbon finance in China shows that low-carbon finance has made some progress as well as exist much more inadequacies in our country. Finally, the author makes some practical recommendations for the inadequacies. The innovation of this paper is that the author does a lot of attempts and efforts to research low-carbon finance in using quantitative methods. The regression is used to analyze the effectiveness of financial support for low-carbon industries and empirical study is used to analyze the support of commercial banks for low-carbon economy, meanwhile low-carbon finance index system is tried to be built to provide ideas and methods for further study. However, the empirical research is insufficient due to the lack of experience and data, and the author will improve the research in the future.