Application Of Public-Private-Partnership Financing Mode In Low-carbon Enterprises

Developing low-carbon economy is an arduous task which needed to be overcame in the long future. However, now low-carbon enterprises have the difficulties in financing. In recent years, in order to address lacking funds in public infrastructure area, the government pushes PPP financing model, which is acknowledged by the symbiosis between the government and the private. It is generally used around the world, and receives encouraging results. It is believed that PPP may provide a new way to solve the financing problem for the low-carbon businesses. Therefore the system of PPP low-carbon supporting fund is constructed. This system is not only extends the application field of the PPP model, but also provides a new financing channels for low-carbon enterprises, especially small and medium enterprises, and also reduces the pressure on government finances. Construction of this system could promote the economical use of social resource, improve the ecological environment and the level of low-carbon development.This paper is divided into seven parts. In the first part, the background is introduced, relevant literatures are reviewed. And the content arrangement, ideas, methods and innovations of the paper are stated. In the second part, the concept of low-carbon businesses is defined. Then the financing channels of these businesses are analyzed, which in order to show the financing difficulties of low-carbon businesses, especially in medium and small companies. After that, PPP is introduced. The combination of government capital and social capital is a new way to solve the low-carbon corporate financing problem. In the third part, the necessity and probability of the PPP applying in low-carbon businesses are analyzed. In the fourth part, after analyzing basic ideas of PPP applying in low carbon enterprise, the system of PPP low-carbon supporting fund, a specific means of implementation is put forward. It is emphasized on the launch of the Fund establishment, operation process, organization, risk control, government and corporate responsibility under the system and so on. In the fifth part, the characteristics of risk in low-carbon businesses under PPP are analyzed, and the specific risks that may occur are displayed. Then recommendations about risk prevention are proposed. In the sixth part, in order to make sure the system runs smoothly, suggests of PPP applying in low-carbon businesses are proposed from aspects of enterprise and government. Before enforcing new system, pilot work is needed. So in the seventh part, a case of PPP applying in construction enterprises is analyzed. It is also a concrete design when PPP low-carbon supporting funds applying in construction businesses.There is a tentative innovation in designing the system of PPP low-carbon supporting fund. The purpose of building the system is to solve the financing problem of low-carbon businesses. However, solving the problem needs the joint efforts of all parties, especially the government. The government ought to provide support on legal and environmental area. Before implementing the system, government departments are suggested pilot in a certain industry with checking the degree of this system enforcement, finding the problems and improving it. Taking into account of the current situation in the industry carbon emissions and financing, it is suggested select construction industry as the pilot industry. In short, the building of the system of PPP low-carbon supporting fund still in the starting stage. In the future, it still needs efforts from all parts to promote the system construction.