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Academic Journal of Engineering and Technology Science, 2024, 7(2); doi: 10.25236/AJETS.2024.070212.

Research on Credit Risk Contagion in Energy Supply Chain Finance under the Constraint of "Double Carbon" Targets


Wu Hongxin, Guo Mingming

Corresponding Author:
Wu Hongxin

Department of Management Science and Engineering, Hebei University of Engineering, Handan, 056038, China


There is a correlation between the "double carbon" target constraint and the contagion effect of energy supply chain finance credit risk. In order to analyze the credit risk contagion characteristics of energy supply chain finance, the influence variables of technological innovation, environmental responsibility, information disclosure degree, business volume scale and credit risk intensity are introduced. Combining the virus transmission mechanism and Fourier heat conduction principle, we constructed the energy supply chain financial credit risk contagion model (SIS-HTM) to measure the state and degree of credit risk contagion, and studied the influencing factors and degree of credit risk contagion of energy supply chain financial credit risk under the goal of "dual-carbon". The study shows that the "dual-carbon" goal indirectly positively affects the credit risk intensity of energy supply chain finance, and the degree of information disclosure, technological innovation, and sense of environmental responsibility of energy enterprises are inversely proportional to their credit risk contagion intensity, while the scale of the business volume and credit risk intensity of energy enterprises are positively proportional to their credit risk contagion intensity.


Energy supply chains; "dual-carbon" targets; financial credit risk contagion; heat transfer models; viral contagion models

Cite This Paper

Wu Hongxin, Guo Mingming. Research on Credit Risk Contagion in Energy Supply Chain Finance under the Constraint of "Double Carbon" Targets. Academic Journal of Engineering and Technology Science (2024) Vol. 7, Issue 2: 69-79. https://doi.org/10.25236/AJETS.2024.070212.


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