Analysis On Financial Support For The Development Of Low-carbon Economy In Gansu Province

In recent years, along with the increasing emissions of greenhouse gas such ascarbon dioxide, the world is warmer and warmer. According to this situation, the worldhave put all eyes on low-carbon economy. China has claimed to be a member of thispart since2010, and then she put forward the roadmap for developing low-carboneconomy in “Twelfth Five-Year Plan”. Low-carbon economy is a kind of economicdevelopment model, which has characteristics as low pollution, low emission and lowenergy consumption. Finance has many functions, such like solving the unsureproblems of economy, optimizing resource allocation，fulfilling th demand of fundsand supporting financial services, so that any kind of economic development modelcan live without finance, even though the low-carbon economy. The development ofGansu economy can be described as high pollution, high energy consumption andbasing on the resources. Iron industry, building meterials industries, electric power andsome other special monitoring industries are the major industries of Gansu. Althoughth total amount of carbon emission in Gansu is just a small proportion of Chinesecarbon emission, the level of carbon emission is still high in Gansu. Therefore, it hasgreat significance to explore the financial supporting of low-carbon economy of Gansu.It will also be a great way to promote the development of low-carbon economy,accelerate the transformation of economic growth mode and to achieve nationalemission reduction targets.Basing on the above background, this paper first analyzes that how the domesticfinance support low-carbon economy; secondly, it analyzes the changing trends of theenergy consumption, carbon emission and economic growth; thirdly, it summed up theproblems of Gansu financial supporting for low-carbon economic development. Thestudy finds that the level of Gansu financial supporting for low-carbon economicdevelopment is far benhind the level of other places. Because Gansu is lacking ofincentives and carbon finance personnel, and its financial institutions is lacking ofself-innovation ability and a unified regulatory system. At last, the paper gives somesuggestion to develop the carbon finance in Gansu. These suggestions are Gansugovernment should increase the carbon finance policy incentives and support, and proceed to establish the carbon trading market; financial institutions should give moresupport to green credits and improve carbon financial innovation; they also have totrain more carbon financial professionals.