Study On The Financing Risk Evaluation Of Energy Performance Contract Project Under Carbon Emission Peak Target-Application On The Waste Heat Recovery Project

The United Nations Climate Change Conference which was held on December12 th,2015 has reached the Pairs Agreement.In this conference,China put forward that the carbon dioxide emissions would reach its peak in 2030 and strived to reach the peak as soon as possible.This has brought a huge challenge for energy conservation and emission reduction in China.With the implementation of energy-saving and emission reduction,energy management contract has been greatly developed.However,energy management contract has the relatively large amount of funds invested in the early stage of the projects,the various factors that influence the benefit sharing after implementation of the project and the relatively long period of payback.As an important carrier for the implementation of contract energy management projects,the energy-saving service companies undertake most of the financing risks during the operation of the contract energy management project.What’s more,most of the energy-saving service companies are small and medium-sized,is relatively small and lack of mortgage guarantees.All of this reasons lead to the difficulties when apply for commercial loans.Thus,financing difficulties and financing risks have been a common problem for more and more countries in the implementation of the contract energy management market-oriented process.Therefore,this paper mainly focused on the evaluation research of financing risks of contracted energy management projects under the peak of carbon emission based on project financing theory,contract energy management theory and contract energy management risk theory.In order to made a better evaluation of the financing risks,this paper studied on the current financing situation and explore the project financing riskunder the peak emissions targets affect.The main work of this paper has three aspects:First of all,combined the previous research results and through the workflow decomposition method to find the risk of financing the five risk factors under the carbon emission peak target,political risks,market risks,financial risks and energy unit risk,and made clear of its sub-risk factors of those five factors.Secondary,building the evaluation index system by the identified risk factors and the principle of setting indicators,then quantify the indicators.Thirdly,we chose the fuzzy comprehensive evaluation method to construct the financing risk evaluation model of China’s contract energy management project under the target of carbon emission peak according to the characteristics of the contract energy management project.As for the specific waste heat recovery project,we made a comprehensive evaluation for the financing risks of waste heat recovery project based on the established fuzzy comprehensive evaluation system.Then find the risk of financing is medium,According to the risk appetite of the company and the evaluation results,we could make a decision for the project,so as to make a scientific judgment.In the whole research process,this paper analyzes the nature of the financing risk in the energy management contract project under the carbon emission peak target background.In the research method,this paper adopted the systematic analysis,interviews,statistics and case analysis.