Carbon Financial Support Of Renewable Energy Development

Since the problem of global climate change, China’s resources and environmental constraints of economic and social development are increasingly severe, promoting economic development from the high carbon to low carbon model, and building a resource-conserving and environmentally friendly society have become a common consensus. As a kind of low carbon and clean energy, renewable energy has an important significance on optimizing the energy structure, reducing greenhouse gas emissions, relieving the tense situation of resource and environment, and realizing the sustainable development of our country.China’s renewable energy industry is in growth period, and has great capital demand. Moreover, relatively insufficient investment and limited financing channels led to the large funding gap, which has become the main obstacle that restricted the industry development. On the basis of the combination of natural resources and environment economics, finance and other disciplines theory, suggests to make use of market-oriented means of financing, named carbon finance, to break through the financing obstacle of the development of renewable energy and dissolve the risk. Through the research of carbon financial practice and related cases at home and abroad, it is found that carbon finance can not only expand financing channels and improve the efficiency of financing, but also can manage risk, provide supporting services and technical support to promote the development of renewable energy industry.After SWOT analysis on the external environment and internal conditions of carbon finance’s support for renewable energy development in China, it is found that it is facing favorable development situations at home and abroad, has a large carbon emissions demand, and has significant resources advantages and cost advantages. At the same time, it also faces certain policy and law risk, market risk. Knowledge for carbon finance is insufficient, and it is lack of pricing power of carbon trading. Overall, however, opportunities are still more than threats. The advantages outweigh the disadvantages.Therefore, in the face of the current opportunities and threats, advantages and disadvantages, the government should from the strategic height of sustainable development, overall plan on the policies and regulations, market main body cultivation and market construction. Financial institutions should increase credit support for renewable energy industry, innovate carbon financial products and business, and strengthen cultivation and introduction of interdisciplinary talents. Renewable energy enterprises should strengthen the research of carbon finance, improve enterprise management level and research and development capabilities to enhance their investment attraction.