Study On Carbon Finance Promoting Shenzhen's Green Economy Development

Under the "new normal" of the economy,China's economic development is facing tremendous pressures of increasingly scarce resources and deteriorating environment.Traditional growth methods are not advisable.We need to accelerate the transformation of the economy,adhere to the path of sustainable development.As a frontier city in China,after 40 years of rapid economic development,Shenzhen has also consumed a lot of energy and emitted a large amount of greenhouse gases.Now,Shenzhen is facing a potential crisis of environmental bearing capacity overdraft.Therefore,the implementation of the green development model with carbon emission reduction as the core goal has become the strategic direction of Shenzhen's economic transformation and upgrading.The development of a green economy is inseparable from financial support,especially the support of carbon finance for new energy and environmental protection.However,China's carbon finance development started relatively late,and it is still in its infancy,and has not yet formed a sound carbon finance system to promote the development of green economy.This paper first summarizes the related concepts of carbon finance and green economy and the development of carbon finance market.Then,this paper studies the development status of Shenzhen's green economy.The study finds that Shenzhen's green economy development has achieved certain results,but also faces severe energy-saving and emission reduction pressures and serious funding needs.Then,this paper selects the Industrial Bank,which is representative in the field of carbon finance,as the research object.It is found that Industrial Bank has contributed to the development of energy conservation and emission reduction in Shenzhen,the Shenzhen Carbon Emissions Exchange and the individual voluntary emission reduction market.However,it faces a lack of good economic and environmental policies in the process of conducting carbon finance business.Problems such as imperfect carbon trading market and the limitations of carbon financial business development.Furthermore,this paper takes the CDM project and the energy-saving renovation project in the practice of carbon finance of Industrial Bank Shenzhen Branch,as a typical case study,analyzes the common problems in the case project.Finally,this paper proposes some countermeasures and suggestions from the government,Industrial Bank,and carbon trading market.