Construction Of Financial Risk Early Warning Mechanism For Power Companies Under The Background Of Low-carbon Econom

In the 21st century,one of the major challenges that mankind needs to face is global climate change caused by emissions of carbon dioxide and other greenhouse gases.To achieve peak carbon neutrality within 30 years is not only China’s solemn commitment to tackle global climate change,but also China’s strategic plan to accelerate economic restructuring and enhance economic competitiveness in the era of zero-carbon economy.In 2020,the carbon emission of the electric power industry will account for more than 40% of the total carbon emission of the whole society.Therefore,the financing,investment and capital operation of electric power enterprises will be affected to some extent.In order to accelerate the green and low-carbon transformation,it is particularly important for electric power enterprises to establish a financial risk early warning mechanism under the background of low-carbon economy.By reviewing and sorting out the existing literature,this paper analyzes the characteristics of the electric power industry and the current situation of financial risk,and then introduces the construction principles and ideas of the financial risk early warning model under the background of low-carbon economy,and compares and selects the early warning methods.While retaining the traditional financial performance,the carbon performance evaluation system was established with the help of DSR model,the entropy method was used to determine the index weight,and the efficiency coefficient method was used to build the financial risk early warning model.Huaneng International was selected as the case object for application research.In the current practice of financial risk early warning,financial factors still occupy a dominant position.On this basis,this paper studies the combination of low carbon factors brought by low carbon background,in order to hope that the assessment of financial risk and early warning integration and upgrading,avoid causing early warning failure.It is found that Huaneng International,as one of the leading enterprises in the field of power generation,although the financial performance warning results from2017 to 2021 are in the state of "light alarm" to "medium alarm",but because of the installed structure dominated by thermal power,the carbon performance warning results show a trend of "big alarm" to "light alarm",it is necessary to continuously improve and control the financial risk management of the enterprise.In this regard,this paper suggests that enterprises strengthen the financial risk management under the low-carbon background from the following aspects: First,the government and society should improve the market mechanism,increase financial support;Second,the enterprise level should strengthen research and development investment,optimize the coal power structure layout and diversify the use of financial instruments.