Research On The Way And Effect Of Integration Of Industry With Finance In Energy Enterprises Under The Background Of "Carbon Peaking And Carbon Neutrality Goals"

With the increasing prominence of resource and environmental issues,China has officially proposed to achieve "carbon peaking and carbon neutrality goals" at the 75th session of the United Nations General Assembly.As the world’s largest energy producer and consumer,China’s traditional energy industry is facing huge challenges.How to seize the opportunity in the change and realize the transformation and upgrading is a huge test for the traditional energy enterprises at present.To successfully achieve transformation and upgrading in this energy revolution,it’s not enough for traditional energy enterprises to only rely on their own accumulation.It is a faster and more effective way to leverage the capital market and gain synergy in finance,operation and management through the integration of industry with finance.Under the background of "carbon peaking and carbon neutrality goals",the driving factors of energy enterprises to implement the integration of industry with finance,the mode of implementing the integration of industry with finance,and the effect of the integration of industry with finance,all of these all have an important impact on the management practice of China’s traditional energy enterprises to achieve transformation and upgrading through the integration of industry with finance.Case study method is an effective method to construct and verify theories,applicable to answer the questions of how and why.And it can be used to focus on the analysis of specific phenomena,which is conducive to the study of the mechanisms related to the drivers,ways and effects of the integration of industry with finance carried out by enterprises.As a local energy group with outstanding contribution in Shanghai,Shenergy(Group)Company Limited has a rich history of development of the integration of industry with finance,and has made achievements in promoting the"carbon peaking and carbon neutrality goals",while achieving its own development by adopting various ways of industry-financing integration,such as establishing internal financial service companies like finance companies,investing banks and other financial institutions,and creating financial service platforms.Therefore,this paper analyzes the motivation and mode of the integration of industry with finance of the energy enterprise Shenergy(Group)Company Limited,and analyzes the consequences of it in terms of financial and green development effects by using the theoryof information asymmetry,transaction cost and synergy effect,using the case study method and literature research method.By analyzing the content of the integration of industry with finance of Shenergy(Group)Company Limited,I found that:firstly,the integration of industry with finance of energy enterprises are as follows:the "carbon peaking and carbon neutrality goals" and related policies urgently require energy enterprises to reform and upgrade;energy enterprises are capital-intensive industries with high financing pressure;Shenergy(Group)Company Limited,as a large energy enterprise,has a large capital requirement in the process of development.Secondly,the way of Shenergy(Group)Company Limited’s integration are as follows:set up service-oriented financial institutions,such as finance companies;invest in equity holdings such as banks;establish a financial service platform,integrating the business institutions such as finance company and financial leasing company and so on.Thirdly,the effects of the integration are as follows:the integration promotes the circular flow of enterprise capital and collaborative development,which on the one hand widens financing channels,reduces financing costs,optimizes the capital allocation structure and improves the financial performance of enterprises;on the other hand,increases R&D investment,promotes enterprise technological innovation,and optimizes industrial structure,facilitates the transformation and upgrading of energy enterprises,and ultimately promotes the realization of the "carbon peaking and carbon neutrality goals".Finally,suggestions are given from two perspectives:energy enterprises and government from the macro perspective of implementing the integration of industry with finance.Firstly,energy enterprises should avoid being distracted from their intended purpose,insist on focusing on the main business of energy,and gradually set up finance companies and financial leasing companies according to the financial service needs at different stages to promote the synergistic development of industry and finance.Secondly,enterprises implementing the integration of industry with finance can gradually set up a professional financial capital management platform and establish a risk warning mechanism to avoid risks and obtain long-term development.In addition,by establishing a coordinated and collaborative digital platform and introducing compound senior talents for the integration of industry with finance,the development of efficient integration of industry with finance can be promoted.Finally,from a macro perspective,the government can encourage energy enterprises to transform and upgrade through the integration of industry with finance by improving relevant policies and laws and regulations on the one hand,and strengthen guidance and supervision for enterprises that integrate industry with finance on the other hand to create a healthy market development environment.The theoretical contributions of this paper are as follows:1)Taking energy enterprises as the research object,it offers a new perspective for the study of the integration of industry with finance,and provides data support and theoretical supplement for how the integration exerts the synergistic effect of industry and finance and promote the transformation and upgrading of enterprises;2)It enriches and improves the relevant theories between the integration and green sustainable development by analyzing the influence of the integration of industry with finance on the green development of enterprises.The practical contributions of this paper are as follows:1)It provides a reference for the transformation and upgrading of energy enterprises through the integration of industry with finance under the background of "carbon peaking and carbon neutrality goals";2)It provides reference for relevant departments to strengthen the policy support and supervision of energy enterprises in the implementation of the integration of industry with finance.