Research On EPC Financing Model Based On The Total Amount Control Carbon Emissions Trading Mechanism In China

At present,the EPC financing ways mainly include bank loans and other indirect financing and direct financing such as bonds,stocks,but due to the Energy Service Company that participating in the EPC project is small and medium-sized,has characteristics of low credit rating small scale,lack of full guarantee,all of those limit its effective financing and hinder the development of EPC project.Along with the domestic and foreign government increasingly focus on energy conservation and emissions reduction and at the same time carbon emissions trading market gradually mature,“carbon emissions” right as a tradable commodity become a new and popular commodity investments.Inherent in EPC carbon reduction effect mechanism along with this transaction,it is also a breakthrough point of this article.This paper exploits the energy saving effect of EPC and carbon emissions trading,build into “carbon trading” EPC innovative financing mode in our country,to break through the limitations of the traditional financing model,from mining financing potential EPC projects,broaden the financing channels of small and medium-sized enterprises.The research of this paper is that firstly to summarize the researches from home and broad of EPC financing and carbon emission reduction,after profound understanding the research status at home and abroad and the basic theory,to summarized the EPC financing difficult reasons in our country recently,and put forward the necessity of developing new financing way,then followed by the principles of economics of carbon emission reduction and the reality of China's development path for detail,aimed at providing ideas and reference for energy services company which involved in carbon trading deal,and then analysis conditions which EPC have had to finance by carbon emissions rights trading of the current our country,and conditions which our country still lack of at present about problems of carbon allocation and pricing,this paper proposes a new solution--game theory,game theory is used to determine the optimal allocation and pricing under the total amount control carbon emissions trading mechanism,so as to improve the EPC feasibility of carbon markets,further promote the carbon market maturity;The last chapter is the core of this paper about model designsection,model design is based on the total amount control carbon emissions trading mechanism,this chapter first assume China's total carbon emissions trading mechanism is mature at present,analyses the characteristics of total amount control carbon emissions trading mechanism,and put the carbon emissions into the three traditional EPC operation mechanism,then three new EPC financing models are constructed,and combed specific process of the entire programof the EPC from negotiations and financing to project over,to help energy-using units and energy services company to get successful financing or profit.