International Journal of Social Science & Economic Research
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Title:
THE IMPACT OF LOW-CARBON ECONOMY ON FINANCIAL MANAGEMENT OF ENERGY-CONSUMING ENTERPRISES

Authors:
Lu Chunyu

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Lu Chunyu
College of Economics and Management, Nanjing University of Aeronautics and Astronautics, Nanjing, Jiangsu, 211106, P.R. China

MLA 8
Chunyu, Lu. "THE IMPACT OF LOW-CARBON ECONOMY ON FINANCIAL MANAGEMENT OF ENERGY-CONSUMING ENTERPRISES." Int. j. of Social Science and Economic Research, vol. 3, no. 8, Aug. 2018, pp. 4198-4213, ijsser.org/more2018.php?id=296. Accessed Aug. 2018.
APA
Chunyu, L. (2018, August). THE IMPACT OF LOW-CARBON ECONOMY ON FINANCIAL MANAGEMENT OF ENERGY-CONSUMING ENTERPRISES. Int. j. of Social Science and Economic Research, 3(8), 4198-4213. Retrieved from ijsser.org/more2018.php?id=296
Chicago
Chunyu, Lu. "THE IMPACT OF LOW-CARBON ECONOMY ON FINANCIAL MANAGEMENT OF ENERGY-CONSUMING ENTERPRISES." Int. j. of Social Science and Economic Research 3, no. 8 (August 2018), 4198-4213. Accessed August, 2018. ijsser.org/more2018.php?id=296.

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Abstract:
Because of the imbalance of economic development, the waste of resource and energy has become increasingly serious, environmental problems are gradually emerging, the importance that the society attaches to the low-carbon economy is also getting higher and higher under such circumstances. China's energy-consuming enterprises, which account for only one-fifth of total enterprises in the country, use 60% of the energy used by the whole society. This paper analyzes problems existing in financial management of enterprises in China's low-carbon economy development, and studies changes and challenges in financial management of energy-consuming enterprises characterized by high energy consumption, high pollution and high emissions in the context of low-carbon economy. Enterprises in financing field face difficulties in financing equity, bond financing, increased financial risks in investments, lack of cash flow caused by lowcarbon transformation in operations, and lack of awareness of low-carbon operations, all require enterprises to adopt new methods and learn new ideas. Considering the effectiveness of resources, social benefits, environmental protection, and profitability of enterprises as financial management objectives of enterprises, enterprises should increase investments in low-carbon technologies, make full use of various preferential policies to reduce financial risks, and comprehensively establish low-carbon financial management thinking.