The Research On Investment And Financing About Industries Of Resource-exhausted Cities Based On Emergy Analysis

With the rapid development of our society and economy, the consumption of naturalresources is also expanding. Many cities and regions, built with resources, face with thesituation of resource depletion, along with the rapid economic development over thirty years.Because of resource depletion, the development of the cities is facing economic stagnationand even retrogression. Moreover, the environmental problems of resource-exhausted citiesare becoming more and more prominent. All these issues need resource-exhausted cities toconstruct economic restructuring and upgrading. The number of China’s resource-based city isquite large. At present, there are many resource-based cities are in transition period. Theyencounter a lot of problems to solve, such as industry selection, investment and financing. Soit has important significance to research the industry selection and investment and financingfor resource-exhausted cities. Tongchuan is established by the State Council as the onlyresource-exhausted city in Shaanxi Province. It has built with coal, but now it faces resourcesexhausted. So the economic transformation and upgrading is imminent. In this case, it is veryimportant, taking Tongchuan for example, to study on the investment and financing of theresource-exhausted cities industries.To finish the research on investment and financing of Tongchuan industry, this paperuses the theory of emergy analysis and makes a comprehensive evaluation of ecologicaleconomic system of Tongchuan. And then it establishes the direction of development ofindustrial economy transformation and upgrading of Tongchuan city. Emergy analysis theoryable to put natural resources, ecological systems, industrial systems, money flow, and allcovered. Therefore, it can make a comprehensive analysis of the overall situation inTongchuan. Then the indexes were compared with other cities and regions’ correspondingindexes to value and search difference of the Tongchuan energy system structure and otherdeveloped area emergy structure, and then find the city of Tongchuan should vigorouslydevelop which industry to adjust the energy structure of Tongchuan. It requires substantial capital investment to do economic transformation and upgrading of Tongchuan, butTongchuan is lack of funds. So it does further research on the investment and financingproblem about the development of industry in Tongchuan. Through the research of theinvestment and financing on elected-industrial development direction, based on the theory ofemergy analysis, it establishes one or more suitable investment and financing modes forthe industrial development.The analysis results show that, the emergy structure of Tongchuan is extremelyunreasonable, non-renewable resource emergy ratio is too high. So it needs to improve theratios of renewable resources emergy and imported emergy. While in order to improve theTongchuan’s emergy structure and emergy utilization efficiency, it must strengthen machiningof primary products and the development of high-tech industry. Through analyzing andcontrasting index, it puts forward fruit industry as its key industry in renewable resourcessystem. And it gives a government led investment and financing mode. It also raises tourismindustry as the key industry and gives a PPP(Public-Private-Partnership) investment andfinancing mode between government and enterprise. Besides, it advances that Tongchuanshould develop deep processing of coal and high-tech industries, given asset securitization,private equity, venture capital and other financing models.