Motivation And Effect Of Sichuan Airport Green Bond Financing Under The Background Of Low-carbon Economy

In recent years,China’s rapid economic development has not brought about an improvement in economic quality.Instead,it has blindly pursued coarse development,which has damaged the green ecological environment and caused excessive resource consumption Against this background of low-carbon economic concepts and in response to the development of the times,corporate green transformation has become a top priority.Green finance,as an important pillar of green economic development,has played a vital role in promoting the development of green economy.Issuing green bonds,as one of the financing methods,not only meets the requirements of corporate green project construction but also helps to build a green image and enhance influence.Rational use of green bonds plays a crucial role in promoting the green development of the transportation industry.This article takes Sichuan Airport as a case study and mainly researches the financing motivation,influence mechanism,and financing effect of Sichuan Airport’s issuance of green bonds.Firstly,the history and basic situation of green bond issuance are introduced,and the capital allocation and existing problems of Sichuan Airport’s issuance of green bonds are analyzed using the case study method.Based on the economic environment and strategic goals of Sichuan Airport,the financing motivation for issuing green bonds is main.Then,the mechanism analysis is carried out from three aspects: the efficiency of capital operation,the impact of financial pressure,and the impact of high-quality development.Through the data envelopment analysis method,EVA,and governance effect,the financing effect of Sichuan Airport’s issuance of green bonds is studied.Finally,three suggestions are given to improve the financing effect of green bond financing: first,the capital allocation system should be improved,and a plan should be formulated based on its own operating plan;second,the capital allocation direction should be improved,and future development trends should be grasped to expand investment;finally,the efficiency of capital use should be improved,and funds should be allocated reasonably and the purpose should be clear.Through the case study of Sichuan Airport,this paper draws the following conclusions: Sichuan Airport green bond financing broadens financing channels,reduces financing costs,and optimizes the financial capital structure of enterprises;secondly,interest expenses can be controlled through bond financing,effectively reducing the financial pressure of enterprises and increasing economic benefits.Sichuan Airport’s debt repayment index is relatively reasonable,but due to the long construction period of Chengdu Tianfu International Airport project,it has not yet brought profit growth.Finally,enterprises can increase the transparency of capital flow,reduce the risks caused by information asymmetry,improve the social image and reputation of enterprises,and promote the highquality development of enterprises.In short,Sichuan green bond financing is a sustainable financing method,which has positive significance for the long-term development of enterprises.