Font Size: a A A

Research On Financial Risk Management Of Power Company A Under The Background Of "dual Carbon

Posted on:2023-09-16Degree:MasterType:Thesis
Country:ChinaCandidate:H B ChenFull Text:PDF
GTID:2569306794986349Subject:Business Administration
Abstract/Summary:PDF Full Text Request
President Xi Jinping proposed China’s "dual carbon" goal at the general debate of the United Nations General Assembly in September 2020,and further proposed specific measures in the context of "dual carbon" at the China Climate Ambition Summit in the same year."Double carbon" with "carbon peak" and "carbon neutrality" as the content points out the direction for China’s national economy and society to be green and low-carbon.Under the background of "dual carbon",the power industry,one of the pillar industries of my country’s national economy,is in a critical period of transformation.Wind power,photovoltaic,hydropower,etc.Under the influence of fierce market competition and a series of policies such as power system reform,supply-side reform,and electricity price supervision,the operation and development of my country’s power industry has been significantly restricted in recent years.Combined with the implementation of the "dual carbon" policy,the power industry has been further improved.The standards for energy conservation and emission reduction of enterprises have brought a certain burden to power companies,and may cause corresponding financial risks.Therefore,in the context of "dual carbon",the financial risk evaluation of power companies can not only clarify the impact of the "dual carbon" background on power companies,but also explore methods and strategies for power companies to avoid financial risks under the "dual carbon" background.Therefore,it has positive practical significance.This study takes A power company,one of the five major power generation groups in my country,as the research object,and determines the research ideas and methods on the basis of clarifying the relevant research background,purpose and significance,domestic and foreign research status,relevant concepts and theories,and then based on the power industry.Background To qualitatively identify the financial risks of A power company,and then use the entropy method and the fuzzy analytic hierarchy process to analyze the financial risks of the "dual carbon" target A power company from the four aspects of debt repayment,profitability,operation,and growth as a whole.Carry out quantitative analysis and evaluation,and then put forward the strategy of A power company to avoid financial risks under the "dual carbon" goal,draw the main conclusions and point out the shortcomings of the research,and look forward to the future related research.The study found that in terms of risk identification,the impact of the "double carbon" goal on the financial risk of enterprise a is mainly reflected in three aspects:the financial risk caused by the elimination and transformation of coal power,the financial risk caused by the large-scale power generation of new energy,and the financial risk caused by the demand for low-carbon transformation funds;Through quantitative analysis,it is found that the corresponding financial risk levels of enterprise a in the four aspects of solvency,profitability,operation ability and growth ability are "light risk","light risk","medium risk" and "light risk",and the overall financial risk level is "light risk".Then,based on the analysis of each financial risk,the strategy of enterprise a to avoid financial risk under the goal of "double carbon" is put forward: optimizing resource allocation,Strengthen cost management;Increase investment in environmental protection and implement policy requirements;Optimize capital structure and expand financing channels;Continue to establish and improve the financial risk management system,so as to provide some reference for enterprise a and other power industry enterprises to prevent financial risks under the goal of "double carbon".
Keywords/Search Tags:Carbon neutrality, Emission peak, Financial risks, Entropy method, Fuzzy analytical hierarchy process
PDF Full Text Request
Related items