Research On Enterprise Carbon Finance

The research of this paper is enterprise carbon finance,which is based on theory of externalities,property rights theory,environmental economics theory and ecological compensation theory.These theories provide the theoretical support for the research of the article.On the basis of it,the paper firstly analyzes the status of enterprise carbon finance,mainly including carbon trading and clean development mechanism projects.It analyzes the price,the size and the performance of the carbon trading.Through the analysis of the current situation,it concludes that the carbon finance of the enterprise has great development potential.Secondly,it constructs the decision model of enterprise carbon trading,which takes the cost factor as the main parameter,and takes the carbon quota price as the variable factor to analyze the cost of the regulation and the enterprise's own emission reduction cost.Based on this model,the decision-making model of carbon trading is established,which can be used as a reference for enterprise to make carbon trading decisions.On the basis of the theoretical analysis,the paper conducts case analysis from two aspects:carbon trading and CDM project.In the case of carbon trading,it takes Liuhe coal enterprise as an example,using the decision-making model of enterprise carbon trading,and it concludes that enterprises should take carbon reduction measures and carbon trading at the same time.In the case of CDM projects,it takes Shanxi Coking Coal Group as an example,using the net present value method to analyze the profitability of CDM projects,and it concluded that enterprises participated in CDM projects can bring considerable profits so that they should take active participate in CDM projects.Finally,it puts forward the measures for enterprises to develop carbon finance.The enterprise should improve carbon finance consciousness,cultivate low-carbon,understand the CDM project rules,make plans to sell carbon emission reductions,establish unilateral mechanism of CDM project,take“packaged” or “regional CDM” development model and take active measures to deal with potential risks.The government should establish a sound carbon financial policy system,transaction information system,a sound carbon trading platform and cultivate third-party regulatory certification bodies.