Study On The Management And Financing Problems Of Energy Forest Construction In China

Biomass energy has been developing quickly around the world for the past few years.However,it can not be ignored that its production cost remains relatively high and the supply of its raw material is not stable too.In this case,developing energy forest in large scale is becoming one of the most effective ways to lower the production cost down and guarantee the raw material supplies sufficiently.Being aware of this,China,together with every other country in the world is paying much attention on the energy forest development at present.The object of this study is energy forest which is used as the raw material forest of Biomass energy. It starts from studying on previous researches in this field and its developing procedures both abroad and home and then it moves to explore problems appearing in the current energy forests development. To solve these problems,first of all,we start the economic feasibility study of energy forest from industrial and project levels followed by a Theoretical Analysis which develops from the level of the management of micro-projects,pointing out the scientific models of energy forests management under different situations of energy to operate;and then we continue the study by exploring the financing problems in energy forests industry under the necessary conditions of the management models we studied before;next,combined with specific energy forest case,we carried out the study from the angles of market,capital and management;in the end of this study the writer put forward policy proposals on how to develop energy forests based on the previous analysis of the study and China's national conditions.This thesis is generally divided into four parts;the chapter 1 and 2 constitute the first part which is a detailed literature review of the background of the following study,moreover,a brief summary of the current situation of energy forest development,and the industries correlated with it in China today are also presented in this part.The second part includes chapter 3,4 and 5,in which we present a tentative and theoretical probe from three angles which are economic feasibility,operation and management mode of energy forest and how to finance.Chapter 6 alone is the third part which is an experimental study to the frontal normative analysis helped by analyzing some practical cases of energy forest development.The last part is made by Chapter 7 and 8,in which some suggestions for the government are provided,and this part is also the conclusion of the whole thesis.The main content and conclusions of this study are as follows: The conditions of developing energy forest are theoretically proved in the study.When there is no aid from governments,and both of the prices of Biomass energy and traditional energy are under the control of market rules,besides,if the price of a certain mount of traditional energy is p,and partially achieving the substituted condition of market is C(1+r)＜P;if the Biomass energy can be tax-free and given certain allowance which is represented as s,and the tax rate of the traditional energy is T,then the substituted condition is C(1+r)(1-s)＜P(1+T).The conditions of partially substituting of Fossil energy would be C(1+r)(1-s) +b＜P(1+T),if the ecological service of energy forest is Marketed with the supports of Government Subsidy.As for the Micro-level projects,All results proved that they are appropriate in economic evaluationThe writer analyzes the current management models and applicable conditions of energy forest in China from the angles of operation and management,and then an exploratory management model is proposed based on the previous studies on the relationship between rural forestry productivity and production relations in China.We analyze various kinds of operating models,as a result,their merits and demerits are drawn out in the thesis.Intensive management is generally operated by forest energy groups as one part of their whole managing program,so the main merits of this model is reducing the costs of transition and management.However,the groups are usually incapable of managing the vast forests effectively.Although scattered management partially solved this problem,it is still trapped by the rising up costs of transition and management,besides,it is also unpredictable.Practice from every walk of life shows that no matter which management mode,it will need an adequate fund to support.So,this paper made a study from several respects of financing channel, financing means and financing subject.In this section,by analyzing and summarizing to current financing status,the guiding principle of energy forest financing has been proposed firstly as follows: the proprietary and management right perspicuity,and the investment subject privatization,financing practises are under the direction from market.The finacing chennels of energy forest financing:Beside the bank loan and idle funds from various enterprises,there is another trend in which attracting hot momeny is becoming more and more importamt.The methods of energy forest finacing:Proprietary right finacing is a practicable finacing method which can be used in energy forest construction in the future as a supplement to the traditional methods.The investment subject of energy forest finacing: Although some large state-owned enterprises and small and medium private enterprises are the main body of energy forest finacing at present,there is another trend that scattered forest individualss are becoming more and more important in the finacing progresses.