Research on the compensation mechanism and effects of low carbon operating costs of enterprises under the constraint of carbon emission reduction

The rapid development of human industry over the past 200 years has enabled us to seize unprecedented material wealth while failing to avoid environmental problems such as depletion of resources, muddy air, warming of climate, and pollution of water sources. Under the background of the increasingly serious global environmental problems, the green economy model of energy conservation, emission reduction and low carbon development has been put on the agenda and has been widely recognised by the international community. As the world’s largest emitter of greenhouse gases, China is also actively seeking response measures. This paper starts from the externalities of low-carbon operations and selects listed companies in the heavily polluted A-shares industry from 2013 to 2016 to use spss19.0 software for empirical analysis to explore the compensation effect of market compensation and government subsidies on low-carbon businesses. With the aid of regulatory variables, the analysis of the regional and property rights nature of the carbon emission reduction pilots will influence the company's access to market compensation and government subsidies. Through analysis of empirical results, it is believed that companies can obtain compensation for their low-carbon business activities from the government and the market. In the current market environment, due to the imperfection of the carbon trading market, its role has not been fully realised. Government compensation is still the main means of regulation. Although state-owned enterprises can obtain more compensation from the government, relatively less compensation is obtained from the market.