Research On The Financial Supporting System To Achieve The Targets Of Energy Saving In Inner Mongolia

Since the industrial revolution, human beings have created remarkable economic achievements through large-scale mining and energy use. On the other hand, these achievements are made at the cost of global environmental pollution and energy shortage. The economic development mode driven simply by energy use proved unable to ensure the sustainable development of economy. As a result of the severe situation, the Chinese government put forward the concept of Scientific Outlook on Development. We are required to co-ordinate the overall situation in the development of the economy, increase the conversion of development mode as well as the adjustment of economic structure to improve the efficiency of energy use and reduce environmental pollution. As the bridgehead of the strategy of Grand Development of the West and important energy base of China, Inner Mongolia has achieved extraordinary economic development in recent years. At the same time, the ecosystem has also been affected by over exploitation and use. The ecological environment becomes more and more deteriorated and vulnerable. Therefore the sustainable development of economy is put in an important position, and energy conservation and consumption reducing is required to be conducted comprehensively.Much domestic and international experience shows that energy saving is closely linked to its financial system in a particular area. Through a survey of the existing problems in the process of energy saving and consumption reducing in Inner Mongolia, this paper investigates the effect of financial support on the efficiency of energy utilization. It also designs a financial supporting system suitable for the specific circumstances of Inner Mongolia to promote energy saving and consumption reducing in the area. Taking such a financial supporting system as the research object, the paper concludes that the core problem of energy saving and consumption reducing is to resolve the capital issue effectively. In addition, this paper analyses the current dependence of economic growth on energy consumption by means of co-integration in econometrics to further illustrate the problems in energy saving and consumption reducing. The domestic and foreign experience in energy saving is therefore summarised for reference to Inner Mongolia. At the same time, by the introduction of system analysis together with the domestic and international experience in relevant fields, the paper aims to establish a set of financial supporting system to achieve energy saving and consumption reducing. Meanwhile, it is put forword in this paper that relevant policies should be improved by government and financial departments, the financial service policy system should be accelerated and the external environment for energy saving should be optimized to promote the achievement of energy saving and consumption reducing in Inner Mongolia.