The Study, Based On Low-carbon Economic Development Path Of The Capital Market Perspective

In recent years, global warming and extreme disaster accidents have been occurring frequently. The whole world saw the climate changes increasingly and urgently. In order to solve the climate problem, from The Kyoto Protocol to "Bali Agreement", the world is experiencing a fundamentally change of economic and social development. To develop low carbon economy has become a worldwide trend. How to realize low carbonization in the economical development and the social operation is a hot topic. Due to its basic national conditions and development stage, China faced severer challenges to answer climate changes than developed countries. However, the huge funding gap became the biggest problem of developing low carbon economy in China. In this case, how to solve the problem of the lack of funds and utilize of existing capital is very necessary in developing low carbon economy.This paper mainly studies how to select a suitable way to develop low carbon economy in China by financial capital. Firstly, from the developed countries'experiences of developing low carbon economy,we summarized the four paths of developing low carbon economy, which are policy guiding type, technology driven model, industrial foster type, capital driven model. From the research, we found that the main problem in developing low carbon economy is the lack of funds. And after analyzed the present situation of low carbon financing, we realized that use of the capital market is the important way of low carbon financing. It also demonstrates that it is very necessary to use capital market to develop low carbon economy.Secondly, according to the definition of the low-carbon-economic plate; we divide the scope of the listed companies of the Chinese Shanghai and Shenzhen stock and Second-board Market of the low carbon economy as well as analyze their characteristics of distribution and investment value. The results showed that low-carbon-economic of the listed companies has certain investment value, which proves that using capital market to develop low carbon economy is practical. Finally, it designs the specific path of making use of the capital market to develop low carbon economy.According to the status quo that the lack of funds and the necessity and feasibility of utilizing the capital market to develop low carbon economy in our country, this paper presents the concrete paths to develop low carbon economy by using capital market, which are to improve the share of listed companies in low carbon economy; use the listed companies of low carbon economy to drive low carbon industry; rely on the listed companies of low carbon economy to push regional low carbonization; formulate the policy system to carry forward financing in low carbon.