Research On The Impact Of "dual Carbon" Strategy On The Financial Performance Of New Energy Companies Based On DID Mode

The rise of global carbon dioxide emissions has led to global warming,rising sea levels,and frequent extreme disasters,making it increasingly clear to humanity that achieving carbon reduction is an effective path to address global climate change.At the United Nations international conference in 2020,Chinese President Xi Jinping delivered a major address on the "dual carbon" strategy,showcasing China’s status as a major nation and presenting its proposals and knowledge for tackling global climate change issues.In 2016,China altered its environmental objectives from the customary "energy conservation and emission reduction" to low-carbon development and intensified attempts to diminish greenhouse gas emissions.As new energy itself has low-carbon environmental attributes,China has identified new energy enterprises as a strategic development direction and provided a lot of policy support.But can the "dual carbon" strategy have a positive impact on the financial performance of new energy enterprises? This article explores this question.This article mainly investigates the impact of environmental regulations on corporate financial performance,evaluation of corporate financial performance and influencing factors,and policy effect assessment methods through literature research on domestic and foreign scholars.Combining with the current implementation of the domestic "dual carbon" policy and the differences in new energy companies,the article selects targeted control variables from the perspective of corporate financial performance and uses the difference-in-differences(DID)method to view the "dual carbon" policy as a quasi-natural experiment.From 2012 to 2021,the article has chosen A-share listed companies on the Shanghai and Shenzhen stock exchanges as its research sample,employing a fixed-effects model to calculate the double differences.Additionally,it has investigated the policy’s effect on the financial performance of new energy companies,and conducted heterogeneity analysis of both state-owned and non-state-owned new energy companies.At long last,BYD Company was chosen for a case study to investigate the effect of the "dual carbon" approach on the financial performance of micro-enterprises from the points of view of profitability,solvency,and operational capability to gauge corporate financial performance.By combining the goal-oriented ZOPP method in project management with the article,risk factors impacting BYD Company’s financial performance can be identified.Summarizing the improvement goals to form a target group,the analytic hierarchy process is then employed to rank the importance of the target group.Based on this,the article proposes reference countermeasures.This article has drawn the following conclusions through empirical research and case analysis: firstly,the "Dual Carbon" strategy significantly boosts the financial performance of new energy companies;secondly,state-owned new energy companies are more favorably affected by the "Dual Carbon" strategy than non-state-owned new energy enterprises.Based on a goal-oriented case analysis,this article presents targeted policy recommendations for identifying BYD Company’s financial performance risks: firstly,improving the product quality assurance system to enhance market expansion capabilities;secondly,optimizing the company’s asset structure to enhance its risk response capabilities;thirdly,strengthening the construction of the company’s governance system to enhance its overall governance effectiveness;fourthly,The enterprise must prioritize technological innovation as its primary impetus to bolster product competitiveness;furthermore,product design should be tailored to consumer demand to augment consumer gratification;and the company’s business structure should be optimized to better connect with its core operations.