Research On The Application Of Financial Technology In Thermal Power Enterprises Participating In Carbon Finance And Its Risk Governance Effect

Since the 21 st century,the global environment has been damaged to varying degrees.While developing their economies,all countries have included ecological protection in their policy plans.China has actively responded to the requirements of global environmental protection and attaches great importance to ecological progress.The establishment of the carbon emission right market in 2017 has put forward higher standards for the national development of carbon finance.Thermal power is the most important way of power generation in China.Thermal power industry is also the highest carbon emissions industry in our country and has to realize the upgrading and transformation of low-carbon economy under the background of carbon finance.But at present,China’s carbon financial market is still in the early stage of establishment.Companies are also exploring effective ways to participate in the carbon market.The market mechanism is not perfect,and the identification and monitoring system of carbon financial risks has not been completed.In addition,the carbon project itself has the defects of long project cycle,complex transaction process and high degree of information asymmetry.Thermal power enterprises face great risks in participating in carbon project activities.Fintech has the imtamability of program and data and its characteristics of decentralization ensure the fairness and openness of financial activities,which has inherent advantages in solving carbon financial risks.Fintech,mainly with big data,cloud computing,blockchain and artificial intelligence,plays an indispensable role in thermal power enterprises participating in carbon financial activities and plays an important role in carbon financial risk management.As one of the first thermal power enterprises to carry out carbon project trading,Huadian Corporation is constantly exploring efficient ways to participate in the carbon financial market.When participating in the carbon financial market,the corporation faces many carbon financial risks,which are mainly divided into macro and micro aspects.On the macro side,carbon financial risks results from the fluctuation of international carbon price,the change of carbon financial market,the single carbon financial market trading mechanism and other factors.The micro risk mainly comes from within the corporation.Due to the improper operation of professionals,the weak level of the group identifying carbon projects,and the failure of carbon project investment and financing,the corporation faces financial,operational and other carbon financial risks.In order to better identify and manage carbon financial risks,Huadian Corporation has used fintech to build a carbon emission management information system.The system can realize the precise determination of carbon emission,the safe storage of carbon project data,the efficient management of carbon assets,and the carbon market information exchange and sharing functions.Since the launch of the system in 2019,Huadian Corporation has completed the 100% carbon quota payment for the first time,and achieved great results in energy conservation and emission reduction.At the same time,due to the great improvement of the identification and decision-making ability of carbon projects,the development of CDM projects is becoming more smoothly.The investment and financing activities of carbon projects ensure the sufficient capital flow of the group,and the transformation road of Huadian Corporation is gradually on the right track.In order to better build and improve China’s carbon financial market,our government and enterprises need to cooperate and coordinate with each other and give full play to the advantages of fintech.The government should actively improve the carbon finance development system,establish a carbon finance information sharing platform,and unify the determination standards of carbon project data.Enterprises should establish a tracking system for carbon projects as soon as possible,improve the carbon asset management mechanism,and formulate a comprehensive carbon financial prevention and management process.The combination of fintech with carbon finance is conducive to China forming a healthy and transparent carbon financial market,stimulate the vitality of carbon project participants,and help China achieve the goal of "carbon neutrality and carbon peak" as soon as possible.