Investment And Financing Way And Innovation Of Environmental Pollution Control Facilities In China Of Transition Period

"Investment and financing way and innovation of environmental pollution control facilities in China of transition period", basing on the theory of the effective combination of the market mechanism and the government's function, following up the direction of market-based reforms of China's environmental pollution control mechanism, design the "Financial financing+ market-based financing" mode of China's environmental pollution control facilities, and discuss eight concrete financing ways, investment management ways and innovation thinking.This thesis consist of ten chapters, the main content is as follows:The first part is environmental problem of China in transition period. It mainly involves the definition, character and retrospect of the system transition; the estimate of the level of China system transition; the contradiction of China's economic development and environment in the system transition period.The second part is the theory foundation and innovation of the investment and financing of China's environmental pollution control facilities. It mainly involves the definition of the investment, financing, and investment and financing; the establishment of the environment financial studying; the innovation of classical theory and structural theory of environmental investment and financing; the innovation of total amount theory of environmental investment and financing-the theory of priority intensively increase of environmental investment and financing in transition period.The third part is total discussion of environmental pollution control facilities investment and financing in China. It mainly involves the review of environmental pollution control facilities investment and financing in China; thereal example analysis of the existing problem of environmental pollution control facilities investment and financing in China; the basic thinking of the priority intensively increase of environmental pollution control facilities investment and financing in China.The forth part is tax financing way and innovation of environmental pollution control facilities in China. It mainly involves financial predicament, issuing additional national debts and the sustainable development of China's financial; green degree of China's tax system reforms and the improvement strategy; definition, positive effect and the comparative advantage of the environmental tax; the experience of the developed country levies the environmental tax, and the innovation of the tax system of China.The fifth part is the municipal bond financing way and innovation of environmental pollution control facilities in China. It mainly involves the necessity of the issue of the municipal bond; the international experience of issuing the municipal bond; thinking, design and prospect of the issues of municipal bond in China; the risk of the issue of municipal bond in China, and putting forward the precautionary measures; the issues of environmental municipal bond—the innovation of the municipal bond.The sixth part is indirect financing way and innovation of environmental pollution control facilities in China. It mainly involves the policy financing way and innovation; commercial financing way and innovation; international loan on favorable terms financing way and innovation.The seventh part is direct financing way and innovation of environmental pollution control facilities in China. It mainly involves the international experience that folk capital enters the field of city infrastructure; the stock financing way; BOT way; PFI way and PPP way; the discussion of one's own financing of the project.The eighth part is lottery ticket financing way and innovation of environmental pollution control facilities in China. It mainly involves the summary of lottery tickets; the macroscopically effect of lottery tickets; theanalyses of the power which China issued environmental lottery tickets; the tactics choice of China issues of lottery tickets.The ninth part is industry investment funds financing way and innovation of the environmental pollution control facilities in China. It mainly involves the summary to the investment funds; the set-up of the investment funds of China's commercial pollution control facility industry; the current situation and problem of China's commercial pollution control funds and it's transition to the policy industry investment funds; the innovation of China's commercial pollution control fund and it's transition to policy industry investment funds.The tenth part is investment management way and innovation of environmental pollution control facilities in China. It mainly involves setting up and improving the contributor's system; setting up and sound the system of capital; setting up and improving the legal person's investment responsibility system; setting up and improving the bid system; setting up and improving the project supervision system; adhering to the scientific process of the investment decision; insisting on the cost control of the whole process of investment; insisting on risk management of the investment; innovation of the investment management way.Traditional environmental pollution control system is financial-guarded, after the reform of the pollution control system, China speeds up its process of introducing folk capital. Thus, the financing way of environmental pollution control facilities mainly include financial financing, enterprise financing, project financing and other financing ways.The new points of this thesis are as follow: firstly, it poses an idea of constructing environment financial studying. This discipline should include the policy of environment finance, and also include environment financing and environment investment. At the same time, there are two angles in studying environment financing studying: first, it studies the problem of how to make use of the financial measures from the direction of environment industry, the important point is according to characteristic of the environment industryprobes into the combination with financial measures; second, at the stand of financial means it studies how to support environment industry, the important point is according to the characteristic of the financial means probes into combination with environment industry. This thesis tries to combine the two points effectively, probes into one solution of combining the two, mutually promote and cooperate. Secondly is about the theory innovation and practice innovation of environmental protection investment and financing. It mainly includes: the structure theory innovation of environmental investment and financing; the total amount innovation; tax system reform and the levies of the environmental tax, the discussion of the issue of the municipal bond and environmental municipal bond; the setting up separately of the financial policy bank and market-oriented policy bank, management innovation of mechanism, organizational innovation based on environmental protection of policy bank; setting up the green commercial banking institution, found the hypothecated loan of the power of management, green technological hypothecated loan, pollution right hypothecated loan especially the way of pollution right hypothecated loan, the innovation of the direct financing way of PFI,PPP,ABS etc; the innovation of lottery ticket financing used in environmental protection, issuing environmental lottery tickets; the transition of environmental pollution control special fund to the industry investing fund, operation and innovation of the commercial industry investment in environmental protection; the innovation of investment management way etc.