Font Size: a A A

Value Evaluation Of New Energy Wind Power Enterprises Under The Background Of Marketization Of Carbon Emission Reduction Trading

Posted on:2020-09-30Degree:MasterType:Thesis
Country:ChinaCandidate:S L XiongFull Text:PDF
GTID:2381330575485963Subject:Asset assessment
Abstract/Summary:PDF Full Text Request
Today,as traditional natural resources are depleted and our living environment is deteriorating,countries and the world are constantly investing in new energy industries.trying to replace traditional and polluted fossil energy with clean and new energy.This paper aims to study the impact of the value of power companies in the carbon emission reduction environment in combination with the existing enterprise value assessment theory.In the context of marketization of carbon emission reduction trading,"carbon emission reduction" can be sold as a special product of new energy companies in the carbon trading market.This study believes that when assessing the value of a new energy company,it should not only consider the economic value of the enterprise,but also the value of the part of the carbon emissions reduced by the enterprise.The carbon emission reduction value is the external benefit generated by the enterprise during the implementation of the carbon emission reduction task,that is,an external value due to social benefits.This paper comprehensively adopts the Life Cycle Assessment(LCA)and the cash flow discount method to evaluate the economic value and social value of new energy enterprises under the carbon emission reduction environment.New energy wind power enterprises are composed of multiple industrial chains,including technology research and development departments,wind turbine equipment manufacturing departments,and related product sales departments.The core of the chain is the construction and operation of wind farms.Therefore,in view of the wide coverage of new energy wind power enterprises,this paper identifies the wind farm enterprises that are engaged in new energy wind power generation.Taking J wind farm as an example,while using the income method to estimate the economic value of the enterprise,it should take into account the characteristics of the enterprise,the development of the industry,the different situations in different regions,and various preferential policies of the state.The impact will make the results of the assessment more accurate.When calculating the total carbon emission reduction of the J wind farm based on the LCA,the whole life cycle of the wind farm will be divided into the production and transportation of the wind turbine,the construction,operation of the wind farm and the disposal of the wind farm.At the same stage,and calculate how much carbon emissions will be generated during the entire life cycle of J wind farm,the actual emission reduction of J wind farm can be obtained by subtracting this part of the carbon emission value of the wind farm over the 20-year service life.Through the data obtained from China's carbon emission market,the transaction value of J wind farm emission reduction can be obtained,and the value of the two parts can be summarized to obtain the value of J wind farm in the market background of carbon emission reduction trading.
Keywords/Search Tags:Carbon emission reduction, New energy wind power enterprise, Income method, Life cycle assessment
PDF Full Text Request
Related items