金融学院知识库

     In 2020, General Secretary Xi Jinping proposed at the seventy-fifth Session of the United Nations General Assembly that China would take more effective measures to intensify research and development in the field of energy conservation and emission reduction and strive for the peak of carbon dioxide emissions by 2030 and the goal of carbon neutrality by 2060. The proposal of the "dual carbon" target not only demonstrates China's determination to reduce carbon emissions, but also reflects the inherent requirements of China's economic and social transformation and upgrading. The annual carbon dioxide emissions from fossil energy in China account for 80% of the total social carbon dioxide emissions. Therefore, it is crucial to promote the proportion of clean energy consumption in energy consumption in China to achieve low-carbon economic and social transformation. In recent years, more and more clean energy enterprises issue green bonds to broaden financing channels and reduce financing costs to further expand the scale of enterprise development and achieve sustainable development. However, the current scale of social financing proportion of smaller green bonds boosting the role of the real economy to realize green transformation is limited, another part of the entity enterprise for green bonds issued by the process, conditions, policy support, and the effect of green bonds issued a lack of understanding, limit the function of green bonds this financial product. Therefore, by analyzing how clean energy enterprises issue green bonds and the motivation and conditions of issuing green bonds, this paper focuses on evaluating the effects of issuing green bonds by clean energy enterprises. Promote the scale development of domestic clean energy enterprises through the issuance of green bonds to increase the proportion of clean energy consumption in China, expand the depth and breadth of green bonds in the field of clean energy, accelerate the transformation of China's energy consumption to green energy and help achieve the goal of carbon neutrality.

      This paper is divided into six parts: The first part includes the research background and significance, domestic and foreign literature review, etc. The second part includes the concepts related to green bonds and clean energy and the theoretical basis of the paper. The third part mainly analyzes the current situation of China's clean energy enterprises and their green bond issuance. The fourth part selects the representative clean energy enterprise Xintian Green Energy and its G19 new Y1 green bond as a case to introduce and analyze; The fifth part mainly evaluates the financial effect, stock price effect and environmental effect of new Sky Green energy through the issuance of green bonds. The sixth part mainly summarizes and analyzes the paper and puts forward suggestions from the aspects of green financing, timely information disclosure and new energy research and development. Through the study, it is found that xintian Green Energy has brought positive financial effect, stock price effect and environmental effect to promote the sustainable development of the company by issuing G19 new Y1 green bond.