金融支持低碳產(chǎn)業(yè)的影響因素研究
發(fā)布時(shí)間：2018-09-03 19:04
【摘要】：人類(lèi)進(jìn)入工業(yè)時(shí)代以來(lái)一直是以資源消耗、環(huán)境污染為代價(jià)發(fā)展本國(guó)經(jīng)濟(jì),起初在經(jīng)濟(jì)發(fā)展過(guò)程中隨著資源不斷的消耗經(jīng)濟(jì)以加速的方式增長(zhǎng),大自然有能力承載工業(yè)發(fā)展所帶來(lái)的環(huán)境污染,并且可以自行消化,然而隨著工業(yè)化進(jìn)程的加快以及在廣度上的延伸,對(duì)環(huán)境的污染以及對(duì)資源的消耗程度已經(jīng)遠(yuǎn)遠(yuǎn)成果大自然的自我消化和承載能力,最終的結(jié)果將是經(jīng)濟(jì)發(fā)展對(duì)資源的路徑依賴(lài)以及資源缺失之間不可調(diào)和的矛盾,同時(shí)環(huán)境污染所帶來(lái)的種種后果嚴(yán)重影響人類(lèi)正常的生活秩序,甚至將是人類(lèi)滅亡的元兇。 經(jīng)濟(jì)學(xué)家很早就開(kāi)始研究人類(lèi)工業(yè)發(fā)展過(guò)程中所產(chǎn)生的環(huán)境污染問(wèn)題以及解決辦法,庇古指出企業(yè)產(chǎn)出會(huì)有環(huán)境污染的外部性,解決的辦法是企業(yè)生產(chǎn)的邊際社會(huì)成本與企業(yè)生產(chǎn)的邊際收益相等,而并不是古典經(jīng)濟(jì)學(xué)所倡導(dǎo)的邊際私人成本與邊際收益相等,科斯指出庇古的解決辦法是政府的限制政策,損害廠商利益,科斯從福利經(jīng)濟(jì)學(xué)的角度對(duì)廠商生產(chǎn)的環(huán)境外部性做了分析,他認(rèn)為要解決環(huán)境污染的問(wèn)題必須考慮污染者和被污染者雙方的利益,只有在產(chǎn)權(quán)界定的情況下才可以實(shí)現(xiàn)帕累托最優(yōu)。2005年全球氣候大會(huì)所簽訂的《京都議定書(shū)》根據(jù)科斯定理對(duì)各個(gè)國(guó)家的排放權(quán)制定產(chǎn)權(quán),在產(chǎn)權(quán)界定的前提下各個(gè)國(guó)家進(jìn)行碳排放權(quán)的交易,我們國(guó)家如何充分利用議定書(shū)中所制定的CDM機(jī)制為我國(guó)低碳產(chǎn)業(yè)的發(fā)展以及環(huán)境的改善提供資金支持,以及國(guó)內(nèi)資金如何在實(shí)現(xiàn)環(huán)境保護(hù)的同時(shí)又能實(shí)現(xiàn)投資收益最大化,這些問(wèn)題是各個(gè)國(guó)家投資者所面對(duì)的問(wèn)題。我們研究國(guó)內(nèi)資金對(duì)低碳產(chǎn)業(yè)支持的路徑選擇方面,文章共分為六個(gè)部分,內(nèi)容如下： 第一部分是緒論。本部分包括研究背景、研究范圍、研究意義和研究方法,主要介紹研究本論文的一些基礎(chǔ)條件。 第二部分是相關(guān)研究綜述。本部分中我們通過(guò)對(duì)國(guó)內(nèi)外150多篇文章的研究得出碳金融的形成以及影響碳投資對(duì)低碳產(chǎn)業(yè)的影響因素,找出阻礙碳金融對(duì)支持低碳產(chǎn)業(yè)發(fā)展的原因。 第三部分是我國(guó)現(xiàn)實(shí)情況下發(fā)展低碳產(chǎn)業(yè)的唯一選擇——資本投入。在本部分中,我們借鑒柯布道格拉斯生產(chǎn)函數(shù),對(duì)資本的重要性進(jìn)行研究,并結(jié)合我國(guó)現(xiàn)實(shí)情況說(shuō)明,在當(dāng)下我國(guó)現(xiàn)實(shí)情況下,要發(fā)展低碳經(jīng)濟(jì),提高低碳產(chǎn)業(yè)的價(jià)值,唯一的選擇就是大量投入資本金。 第四部分是對(duì)金融支持低碳產(chǎn)業(yè)風(fēng)險(xiǎn)因素的逐個(gè)分析。本部分中我們分別分析了碳減排承諾期限、碳價(jià)格以及碳政策對(duì)資本進(jìn)入低碳產(chǎn)業(yè)的阻礙作用進(jìn)行分析,碳減排承諾期限直接影響了《京都議定書(shū)》到期之前我國(guó)資本的進(jìn)入,碳價(jià)格是在碳排放權(quán)市場(chǎng)存在的前提下資本進(jìn)入的主要因素,碳政策直接影響了我國(guó)私人資本對(duì)低碳產(chǎn)業(yè)的支持。在本部分中我們對(duì)第一期《京都議定書(shū)》到期之后的碳排放權(quán)市場(chǎng)規(guī)模進(jìn)行了預(yù)測(cè),使用最優(yōu)控制理論,改進(jìn)的柯布道格拉斯函數(shù)以及政府與私人資本間的博弈等方法進(jìn)行了研究,我們最終的結(jié)果表明資本順利進(jìn)入低碳產(chǎn)業(yè)受投資者的時(shí)間偏好率、碳減排成本、碳價(jià)格的波動(dòng)幅度以及政府所采取的碳政策相關(guān)。 第五部分是對(duì)現(xiàn)在我國(guó)信貸市場(chǎng)的碳減排效率的實(shí)證研究,在本部分中我們以西部十二省份數(shù)據(jù)為研究對(duì)象,對(duì)我國(guó)信貸支持煤炭產(chǎn)業(yè)的碳效率進(jìn)行研究,我們認(rèn)為我們西部十二省份在單位貨幣的碳效率方面存在信貸失衡的現(xiàn)象。 第六部分為我國(guó)金融、低碳產(chǎn)業(yè)以及政策之間融合的機(jī)制設(shè)計(jì)。在本部分中我們根據(jù)我們的研究在政府參與下對(duì)碳金融支持低碳產(chǎn)業(yè)提供政策設(shè)計(jì)建議,加快我國(guó)低碳產(chǎn)業(yè)的發(fā)展。
[Abstract]:Human beings have been developing their own economy at the cost of resource consumption and environmental pollution since the industrial age. At first, with the constant consumption of resources and the accelerated growth of economy in the process of economic development, nature has the ability to bear the environmental pollution brought about by industrial development and can digest it by itself. However, with the process of industrialization Accelerated and extended in scope, environmental pollution and the consumption of resources have far outgrown nature's self-digestion and carrying capacity. The ultimate result will be the irreconcilable contradiction between economic development and resource dependence and resource shortage. At the same time, the consequences of environmental pollution will be serious. The normal order of life of mankind will even be the culprit of human perdition.
Economists began to study the environmental pollution problem and its solution in the process of human industrial development very early. Pigou pointed out that the output of enterprises will have the externality of environmental pollution. The solution is that the marginal social cost of enterprise production is equal to the marginal income of enterprise production, not the marginal value advocated by classical economics. Private costs and marginal benefits are equal. Coase pointed out that Pigou's solution is to restrict government policies and harm the interests of manufacturers. Coase analyzed the environmental externalities of manufacturers'production from the perspective of welfare economics. The Kyoto Protocol signed by the Global Climate Conference in 2005 formulates the property rights of each country's emission rights according to Coase Theorem, trades the carbon emission rights of each country under the premise of property rights definition. How can our country make full use of the CDM mechanism formulated in the protocol for our country? The development of low-carbon industries and the improvement of the environment provide financial support, and how domestic funds to achieve environmental protection while maximizing investment returns are the problems faced by investors in various countries. The contents are as follows:
The first part is the introduction. This part includes the research background, research scope, research significance and research methods, mainly introduces some basic conditions of this paper.
The second part is the related research summary. In this part, we get the formation of carbon finance and the influencing factors of carbon investment on low-carbon industry through the study of more than 150 articles at home and abroad.
The third part is the only choice to develop low-carbon industry in our country's reality - capital investment. In this part, we draw lessons from Cobb Douglas production function to study the importance of capital, and combined with the reality of our country, to develop low-carbon economy, improve the value of low-carbon industry, only in the current situation of our country. One choice is to invest heavily in capital.
The fourth part is to analyze the risk factors of financial support for low-carbon industries one by one.In this part, we analyze the carbon emission reduction commitment period, carbon price and carbon policy respectively, and analyze the hindrance of capital entering low-carbon industries.The carbon emission reduction commitment period directly affects the entry of capital in China before the expiry of the Kyoto Protocol. Carbon policy has a direct impact on the support of private capital to low-carbon industries. In this part, we forecast the market size of carbon emission rights after the expiration of the first phase of the Kyoto Protocol, and use the optimal control theory to improve Cobb Douglas. The results show that the smooth entry of capital into low-carbon industry is related to the time preference rate of investors, the cost of carbon emission reduction, the fluctuation of carbon price and the carbon policy adopted by the government.
The fifth part is the empirical study on the carbon emission reduction efficiency of China's credit market. In this part, we take the data of twelve provinces in Western China as the research object, and study the carbon efficiency of the coal industry supported by credit in China. We think that there is a credit imbalance in the carbon efficiency of unit currency in twelve provinces in Western China.
The sixth part is the mechanism design of the integration of finance, low-carbon industry and policy in our country. In this part, we provide policy design suggestions for carbon finance to support low-carbon industry with the participation of the government according to our research, so as to accelerate the development of low-carbon industry in our country.
【學(xué)位授予單位】：陜西師范大學(xué)
【學(xué)位級(jí)別】：碩士
【學(xué)位授予年份】：2012
【分類(lèi)號(hào)】：F832;F124;F205
本文編號(hào)：2220893
[Abstract]:Human beings have been developing their own economy at the cost of resource consumption and environmental pollution since the industrial age. At first, with the constant consumption of resources and the accelerated growth of economy in the process of economic development, nature has the ability to bear the environmental pollution brought about by industrial development and can digest it by itself. However, with the process of industrialization Accelerated and extended in scope, environmental pollution and the consumption of resources have far outgrown nature's self-digestion and carrying capacity. The ultimate result will be the irreconcilable contradiction between economic development and resource dependence and resource shortage. At the same time, the consequences of environmental pollution will be serious. The normal order of life of mankind will even be the culprit of human perdition.
Economists began to study the environmental pollution problem and its solution in the process of human industrial development very early. Pigou pointed out that the output of enterprises will have the externality of environmental pollution. The solution is that the marginal social cost of enterprise production is equal to the marginal income of enterprise production, not the marginal value advocated by classical economics. Private costs and marginal benefits are equal. Coase pointed out that Pigou's solution is to restrict government policies and harm the interests of manufacturers. Coase analyzed the environmental externalities of manufacturers'production from the perspective of welfare economics. The Kyoto Protocol signed by the Global Climate Conference in 2005 formulates the property rights of each country's emission rights according to Coase Theorem, trades the carbon emission rights of each country under the premise of property rights definition. How can our country make full use of the CDM mechanism formulated in the protocol for our country? The development of low-carbon industries and the improvement of the environment provide financial support, and how domestic funds to achieve environmental protection while maximizing investment returns are the problems faced by investors in various countries. The contents are as follows:
The first part is the introduction. This part includes the research background, research scope, research significance and research methods, mainly introduces some basic conditions of this paper.
The second part is the related research summary. In this part, we get the formation of carbon finance and the influencing factors of carbon investment on low-carbon industry through the study of more than 150 articles at home and abroad.
The third part is the only choice to develop low-carbon industry in our country's reality - capital investment. In this part, we draw lessons from Cobb Douglas production function to study the importance of capital, and combined with the reality of our country, to develop low-carbon economy, improve the value of low-carbon industry, only in the current situation of our country. One choice is to invest heavily in capital.
The fourth part is to analyze the risk factors of financial support for low-carbon industries one by one.In this part, we analyze the carbon emission reduction commitment period, carbon price and carbon policy respectively, and analyze the hindrance of capital entering low-carbon industries.The carbon emission reduction commitment period directly affects the entry of capital in China before the expiry of the Kyoto Protocol. Carbon policy has a direct impact on the support of private capital to low-carbon industries. In this part, we forecast the market size of carbon emission rights after the expiration of the first phase of the Kyoto Protocol, and use the optimal control theory to improve Cobb Douglas. The results show that the smooth entry of capital into low-carbon industry is related to the time preference rate of investors, the cost of carbon emission reduction, the fluctuation of carbon price and the carbon policy adopted by the government.
The fifth part is the empirical study on the carbon emission reduction efficiency of China's credit market. In this part, we take the data of twelve provinces in Western China as the research object, and study the carbon efficiency of the coal industry supported by credit in China. We think that there is a credit imbalance in the carbon efficiency of unit currency in twelve provinces in Western China.
The sixth part is the mechanism design of the integration of finance, low-carbon industry and policy in our country. In this part, we provide policy design suggestions for carbon finance to support low-carbon industry with the participation of the government according to our research, so as to accelerate the development of low-carbon industry in our country.
【學(xué)位授予單位】：陜西師范大學(xué)
【學(xué)位級(jí)別】：碩士
【學(xué)位授予年份】：2012
【分類(lèi)號(hào)】：F832;F124;F205
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，本文編號(hào)：2220893
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