| Ecological compensation for abandoned mines in mineral enterprises is a complex system project that requires the investment of a large amount of different types of economic factors such as labor,production materials,monetary capital and human capital.Achieving a high-quality ecological compensation system helps to resolve the contradiction between the people’s growing need for a better life and China’s unbalanced and insufficient development,and has gradually received prominent attention at the policy end in recent years.However,as ecological compensation projects are characterized by long project construction cycles,low project returns and long payback periods,ecological compensation projects usually rely on government investment and low utilization of social capital,adding to the fiscal pressure.In order to bridge the financing gap,there is an urgent need to optimize the existing ecocompensation financing scheme,match it with suitable operating projects and promote a virtuous cycle in the eco-compensation financing mechanism.Through literature combing,the article finds that scholars at home and abroad have conducted relatively exhaustive studies on ecological compensation financing mechanisms,and have achieved fruitful results in terms of mechanism deficiencies,pointing out that the reform of financing mechanisms requires further attempts to leverage idle social capital.However,the low return characteristics of ecological restoration projects have led to a lack of incentive for social capital.The current case studies on financing tools for ecological restoration projects,mainly green bonds and PPP models,are neither able to effectively address the financing needs of mining companies for ecological restoration projects,nor answer the question of how to improve the returns of ecological restoration projects,let alone lower the government leverage.On the basis of literature review and field research,based on the theory of public goods,externality theory and property rights theory,this paper puts forward the ecological compensation financing optimization scheme in the form of fund and using forestry carbon sink as the feasible financing scheme of A company’s abandoned mine ecological compensation project.On the basis of theoretical analysis,the author has investigated the state-owned A company in the mining industry for four times in 2022.Through the field investigation of the ecological compensation project,the semistructured interviews with the senior managers of the company and the staff of the relevant government departments,and the study of internal data,the author has a deeper understanding of the relevant work and actual situation of A company,summarizes the original financing plan of A company,and analyzes the shortcomings of the original plan.The article uses the improved semantic network analysis model to analyze the interview text data obtained during the research process,clarifies the optimization principle of A company’s financing plan,and analyzes the optimization strategy of A company’s financing plan.This paper optimizes the ecological compensation financing scheme of A company from two aspects: introducing fund as financing tool and introducing carbon sink forest as management project,and puts forward the optimized financing scheme and operation mode.The evaluation analysis and comparative analysis of the optimized financing plan show that the application of fund tools and forestry carbon sinks can reduce the financing burden of Company A,improve the profitability of ecological compensation projects,and increase the enthusiasm of Company A to carry out ecological compensation projects.In addition,the article maintains communication with Company A during the writing process,and feeds back the optimization suggestions to Company A in stages.Some suggestions have been adopted by Company A in practical work.The main contributions of this paper are as follows:(1)The article is clarify the existing shortcomings of China’s ecological compensation financing mechanism,which are incompatible with the scarcity of resources of financial funds and the profit-seeking nature of social capital.(2)The optimized ecological compensation financing fund can make better use of the leverage of government financial funds and leverage social funds to invest in ecological compensation projects.As a business project of the ecological compensation financing fund,the carbon sink forest can effectively solve the problem of relatively low income of the ecological compensation project,provide reasonable and effective investment incentives for social funds,and help Company A realize the market-oriented reform of the ecological compensation project financing and expand the financing sources.(3)This paper constructs the framework and operation scheme of ecological compensation financing fund for forestry carbon sink through the ecological compensation project of abandoned mine of A company.Company A has been deeply engaged in the mining industry for many years.As a state-owned enterprise,it has always actively assumed social responsibility and served the community people.It has completed a number of ecological compensation projects.The problems it faces are representative and universal in the industry.Therefore,the conclusions and suggestions of this study can be used as reference for other companies in the domestic mining industry to carry out relevant practical activities. |