Economic assessment on national environmental investments in P.R.C.

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Economic assessment on national environmental investments in P.R.C.

 

Author: Wang, Xin
Title: Economic assessment on national environmental investments in P.R.C.
Degree: M.Sc.
Year: 2011
Subject: Environmental economics -- China.
Sustainable development -- China.
Environmental policy -- China.
Environmental protection -- China.
Hong Kong Polytechnic University -- Dissertations
Department: Dept. of Civil and Structural Engineering
Pages: xix, 115 leaves : col. ill. ; 30 cm.
Language: English
InnoPac Record: http://library.polyu.edu.hk/record=b2462915
URI: http://theses.lib.polyu.edu.hk/handle/200/6360
Abstract: With the development of economy and society, the world is changing. Population, industrialization, urbanization and novel materials brought a series of environmental issues to human. As the biggest developing country in the world, the People's Republic of China (P.R.C.) is inevitably facing serious environmental challenges. Chinese government started to conduct environmental investment in the early 1980s and the investment was increasing year by year. However, the gross of environmental investment is greatly insufficient and the proportion of investment is quite low, compared with the growth of economy and deteriorating environmental situation. This dissertation aims to find the reasonable environmental investment scale and ratio of P.R.C.. In addition, how to improve the environmental investment and financing mechanism and how to increase the investment benefits are problems needed to be resolved. The combination of qualitative analysis and quantitative analysis is adopted in this paper to objectively reflect the nature and regularity of investment. Comparative studies (historical vertical comparison and horizontal comparison) are also used in analysis of the variation tendency of investment and comparison with U.S.
In the end, conclusions and recommendations are made that the proportion of environmental investment should be raised up to 2.5% of GDP in the corresponding period. Simplex channel of environmental investment and financing should be broadened. We should improve the benefits of environmental investment by increasing the investment efficiency. A set of effective supervision and management mechanism need to be established. Scientific research investment, equipment renewal investment, and environmental education also should be strengthened. In structure, this dissertation is divided into six chapters. The first part is the introduction to the background of world environment and objective and implication of this dissertation. The second chapter is literature review which presented the previous researches on domestic and overseas environmental investment. The third part discusses the research methodology and framework of this paper and innovation and shortage of this dissertation are also discussed here. Chapter four is the key chapter of my dissertation which shows the current environmental situation of P.R.C. and detailedly discussed China's environmental investment, including the investment policy, investment and financing channel, investment scale and ratio, investment direction and structure and investment benefits. Correlation analysis of factors affecting environmental investment is also analyzed in this chapter. In chapter five, I made an investment comparison between P.R.C. and U.S. to find the investment gap and Improvement way. Chapter six is to make conclusions and recommendations.

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