Energy Companies’ Green Finance Strategies in the Context of Carbon Neutrality

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Abstract In September 2020, Chinese President Xi Jinping solemnly announced the goal of “carbon peaking and carbon neutrality”.Carbon neutrality and green transition requires not only political promotion and fiscal support, but also social capital investment in green industries. Green financing is also an effective way to promote the low-carbon development of China’s energy companies. In this paper, on the basis of defining green finance, we reviewed the policies of green finance in China, described various tools of green finance, summarized green finance business of energy companies, and made case studies. This research combined macro policy and market, and micro industry and enterprise. The following suggestions are proposed for the country’s energy companies to develop green finance: (1) Take advantages state-owned enterprises and participate in the policy design of green finance; (2) Actively use external low-cost funds to develop green and low-carbon businesses; (3) Internal financial units should also actively innovate green products; (4) Accelerate the building of a professional team for green finance.

Published: 18 December 2024

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