中国风险投资的新机遇:工业绿色低碳转型  

A New Opportunity for Venture Capital in China:Green and Low-carbon Transformation of Industries

作　　者：王芳[1] 焦健[1] Wang Fang;Jiao Jian(Technical Committee on Energy Efficiency Investment and Assessment of CERS,Beijing 100053)

机构地区：[1]中国能源研究会能效与投资评估专业委员会,北京100053

出　　处：《中外能源》2024年第8期1-6,共6页Sino-Global Energy

摘　　要：工业绿色低碳转型需要长期稳定且庞大的资金供给,将私募股权投资(PE)和风险投资(VC)引入工业低碳转型领域,不仅能够完善我国工业低碳技术创新的投融资机制,弥补资金缺口,还能有效促进低碳科技成果转化和产业结构升级。工业低碳技术创新与VC/PE之间具有较强的契合性,投资活跃度、市场规模、绿色投资理念不断提升。节能和能效提升、再生资源利用、电气化、绿氢应用、工业数字化转型、碳捕集利用和封存六大领域将是VC和PE投资工业低碳技术的重要着力点。目前投资工业低碳技术创新仍存在一些问题,如低碳技术的界定、评价、标准化等工作尚不能满足绿色投资的需求,缺乏有经验的绿色基金管理机构,基金存续期较短导致VC/PE对低碳技术投资的耐心不足,VC/PE监管考核制度与创投资本的投资需求不相符等。借鉴国际上VC/PE支持工业低碳转型的诸多经验,建议我国应完善绿色低碳技术创新体系,支持和培育专注投资于低碳技术的VC/PE机构,鼓励包括社保基金在内的各类养老金和保险资金等长期资本参与创立和投资绿色技术基金,建立合理的基金分类管理和绩效评价机制。The green and low-carbon transformation of industries needs long-term,stable and huge capital sup-ply.The introduction of private equity investment(PE)and venture capital(VC)into low-carbon transformation of industries can not only improve the investment and financing mechanism for low-carbon technology innova-tion in China's industries and fill the funding gap,but also effectively promote the transformation of low-car-bon scientific and technological achievements and the upgrading of industrial structure.There is a strong fit between low-carbon technology innovation in industries and VC/PE,and investment activity,market size and green investment concept continue to improve.Six areas such as energy conservation and energy efficiency im-provement,renewableresourceutilization,electrification,greenhydrogen application,digitaltransformation of in-dustries,and carbon capture,utilization and storage will be the important focus for VC and PE to invest in low-carbon technologies in industries.At present,there are still some problems in investing in low-carbon technology innovation in industries,for example,thedefinition,evaluation and standardization of low-carbon technologies can not meet the needs of green investment,there is a lack of experienced green fund manage-ment institutions,the short duration of fund leads to a lack of patience of VC/PE for low-carbon technology investment,and the VC/PEsupervision and assessment system is inconsistent with the investment needs of venture capital.Referring to the international experiences of VC/PE in supporting the low-carbon transformation of industries,it is suggested that China should improve its green and low-carbon technology innovation sys-tem,support and cultivate VC/PEinstitutions focusing on investment in low-carbon technologies,encourage all types of pensions and insurance funds,including social security funds,and other long-term capitals to partici-pate in the establishment and investment in green technology funds,and establish a reasonable fund classifi-cation manag

关 键 词：工业低碳转型 私募股权投资 风险投资 低碳技术创新 绿色投资 基金管理 

分 类 号：F832.48[经济管理—金融学]