Research on finance and tax management innovation of new energy industry under the “carbon peaking and carbon neutrality” goal

Abstract

Carbon dioxide emissions from countries have led to an unstoppable rise in global temperatures. China put forward the goal of “Carbon peaking and Carbon neutrality” to achieve carbon peak by 2030 and carbon neutrality by 2060. Under the goal, the development of new energy industry is very important to the reconstruction of energy structure and the transformation and upgrading of economic industry. Fiscal subsidies and tax incentives, as two important tools for the government to regulate the macro economy, can help the new energy industry to break down development barriers. Using the multivariate regression model to 2010-2019, 174 companies listed on the new concept of energy sector of the test data, studies the internal relationship between the fiscal and taxation policies and business performance, and on the analysis of the clarity of the current in the process of new energy industry status quo and existing problems of the fiscal and taxation policy. The following conclusions are drawn: fiscal subsidies in the new energy industry are negatively correlated with enterprise performance, while tax incentives are positively correlated with enterprise performance. This shows that under the background of “Carbon peaking and Carbon neutrality” goal, in-depth research on the incentive effect of fiscal and tax policies implemented by the government on the new energy industry is conducive to realizing the reshaping of the energy structure and the transformation and upgrading of the economic industry.