The International Financing Pattern And Risk Aversion Of Low-Carbon Enterprise

The capital and technology are the two constraint conditions when China is going to change high-carbon economic pattern to low-carbon economic pattern. The problem of teclinology depends heavily on whether we have enough money to research the low-carbon technology and develop low-carbon economy. After all, low-carbon economy is an industry of high technology, we need a huge amount of funds, enterprises can not satisfy the demand only by internal capital supply and national financial support. Due to the domestic capital market is immature, many low-carbon enterprises will finance abroad.There are a lot of international financing models for the low-carbon enterprises, the international stock financing, international bond financing and CDM are more representative. In this paper, we research the cost and benefit of the three financing model using the theoretical explanation, empirical analysis and mathematical reasoning. In the recent years, the CDM financing has developed rapidly in China and has a huge potential for development. So we make the SWOT analysis of CDM project combining the actual situation in our country.Because of the differences in the cultural tradition and economic environment, as well as fluctuation of the exchange rate, the international financing takes more risk than domestic financing. According to the macro and micro risk, we put forward some countermeasures and suggestions, and summarize the supervision situation and some suggests about how to strengthen the supervision cooperation in international financing.We are looking forward to provide reference for low-carbon enterprises, through the related theory and the cost-benefit analysis, combined with the risks and preventive measures of the international financing.