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煤市的持续低迷给煤企转型升级发展带来资金压力,筹集低成本资金成为煤企共同夙求,今年国内首单成功发行的碳债券,正是为绿色转型发展的煤企打开了一条全新的融资思路和渠道,研究碳债券的发行机制和复制推广效应成为重要而有意义的事情。通过对碳资产、碳交易市场,以及碳债券浮动利率形成机制、碳交易价格设定机制等关键环节的全面摸底,以某大型国有煤炭企业为例,分析了碳债券发行的成本收益测算、风险评估、发行流程等问题,并据此给出发行建议,对于启发煤企以碳债券为起点,积累碳资产收益转化经验,推动集团实现碳资产经济收益与社会引领示范效益,具有参考意义。
The downturn of the coal city brings financial pressure to the transformation and upgrading of coal enterprises and mobilizes low-cost funds to become the common pursuit of coal-owned enterprises. This year’s first successful carbon bond issuance in China was a brand new coal enterprise for green transformation and development Financing ideas and channels to study the carbon bond issuance mechanism and copy promotion effect has become an important and meaningful thing. Through analyzing the carbon assets, the carbon trading market, the formation mechanism of floating interest rate of carbon bonds and the pricing mechanism of carbon trading, a large state-owned coal enterprise is taken as an example to analyze the cost-benefit calculation of carbon bond issuance, risk Evaluation and issue process, and give out the issuance suggestions accordingly. This is of great significance to the enlightenment of coal-based enterprises in taking carbon bonds as a starting point, accumulating experience in carbon asset conversion and promoting the Group’s economic benefits of carbon assets and social-led demonstration.