Green Transformation Of Non-ferrous Metal Industry Driven By Environmental Tax Path And Effect Study

The nonferrous metal industry plays a pivotal role in China’s industrial and economic development.However,due to the serious environmental pollution caused by mining,mineral processing,smelting,processing,and other links,it has caused the dual pressure of resources and environment that China’s economic development is currently facing.Therefore,it is urgent for enterprises in the nonferrous metal industry to undergo green transformation.This paper selects Yunnan Copper Industry as a case company to explore the path and effect of its green transformation driven by environmental protection tax.Firstly,through the summary of relevant policies and literature,and the tax burden of environmental protection tax recalculation,the background and motivation of enterprises’ green transformation are analyzed.Secondly,this paper analyzes the process and path of green transformation of enterprises.Finally,from the financial performance,non-financial performance,market value three aspects of the enterprise effect analysis.Through the research,the following conclusions are drawn: there are three paths for the green transformation of Yunnan copper industry: First,Yunnan copper industry updates production equipment or energy saving transformation by increasing environmental protection investment.Second,government support is strong,so that enterprises have sufficient funds to buy equipment to carry out green transformation.Third,the enterprise conducts environmental process control from three aspects: source,middle and end.At the same time,in terms of financial performance,green transformation can improve the solvency and long-term profitability of enterprises,improve the utilization efficiency of fixed assets,and strengthen the growth ability.In terms of non-financial performance,pollutant emissions are significantly reduced,donation and poverty alleviation efforts are increased,the quality of green information disclosure is becoming more and more perfect,and the market value and prospects of enterprises are getting better and better.Finally,the following two suggestions are put forward: First,enterprises must actively promote the concept of scientific and technological innovation.Second,enterprises need to establish long-term environmental awareness and enhance the initiative of emission reduction work.