Financing Mode And Effect Analysis Of Carbon Neutral Bonds Issued By Shenzhen Energy Group

China’s current energy consumption is still dominated by coal and oil.The large-scale use of primary energy will bring serious environmental pollution,which has become an important factor restricting the further development of China’s social economy.Therefore,our government puts forward the goals of "carbon emission" and "carbon peak",so as to optimize China’s energy structure and achieve green development.Carbon neutralization bond,as one of the main means,has attracted the attention of the industry.Taking the first carbon neutral bond "21 Shenzhen Energy mtn001（carbon neutral bond）" issued by Shenzhen energy as the research object,this thesis first analyzes the optional financing model of Shenzhen energy,and introduces and compares the three optional modes of bank credit,equity financing and bond financing of Shenzhen energy,It is found that the carbon neutral bond financing model is more suitable for Shenzhen energy;Secondly,after Shenzhen energy has selected the appropriate financing mode,it needs to analyze its cashing ability,because as a creditor,it pays more attention to the cashing ability of enterprises to ensure its own interests.The results show that Shenzhen energy has better short-term solvency and gradually enhanced long-term solvency;Finally,for the financing effect of the bonds issued by Shenzhen energy,this thesis studies the carbon emission benefit,financing cost effect and stock price effect.The results show that the carbon neutral bond issued by Shenzhen Energy-"21 Shenzhen Energy mtn001（carbon neutral bond）" can reduce carbon emissions by 2.5963 million tons,with obvious emission reduction effect;In terms of reducing the financing cost,it is found that the carbon neutral bonds issued this time have lower issuance interest rate,which can significantly reduce the financing cost for enterprises,whether compared with the bonds with the same issuance period or the same scale;In the research on the short-term effect of the market,it is found that "21 Shenzhen Energy mtn001（carbon neutral debt）" can bring a certain positive impact on Shenzhen energy share price,but this impact is only significant in the near period of the event.In terms of countermeasures and suggestions,in terms of enterprises,this thesis believes that enterprises should actively grasp the opportunity of carbon neutral bonds,so as to actively issue carbon neutral bonds and strengthen the innovation of financial products;For the government,it is proposed to strengthen policy support and unified management.