ZHONGJIN GOLD(SH:600489) 2 1 Shi Ji Jing Ji Bao Dao·2025-07-29 10:47Group 1: Climate Goals and Energy Transition - China and the EU have committed to submit their 2035 Nationally Determined Contributions (NDCs) before COP30, covering all greenhouse gases and aligning with the Paris Agreement's long-term temperature goals [1] - UN Secretary-General António Guterres emphasized the need to accelerate the transition to clean energy, noting that $2 trillion was invested in clean energy last year, surpassing fossil fuel investments by $800 billion [1] - Guterres highlighted that renewable energy accounts for only 1.5% of installed capacity in Africa, contrasting with 80% in OECD countries and China, indicating a significant disparity in energy transition progress [1] Group 2: Energy Supply and Weather Impact - The China Meteorological Administration reported that high temperatures are straining energy supply due to increased electricity demand and reduced output from hydropower and solar energy [2] - The meteorological department has established a forecasting system for high temperatures to help manage energy supply and demand, including services for renewable energy generation conditions [2] Group 3: Electric Vehicle Legislation - The European Commission is pushing for legislation requiring large companies and car rental firms to fully procure electric vehicles by 2030, potentially covering 60% of new car sales in the EU [3] - This initiative aims to facilitate the transition to electric vehicles and support the 2035 ban on fuel-powered cars [3] Group 4: Sustainable Aviation Fuel - The People's Bank of China and other departments have included Sustainable Aviation Fuel (SAF) in the national green finance support directory for the first time, covering various applications and supply chain activities [4] - SAF is produced from waste oils and has a higher cost compared to traditional aviation fuel, with current costs being three times higher, which poses challenges for industry development [4] Group 5: ESG Performance in the Greater Bay Area - The HSBC Greater Bay Area ESG Index reached a new high of 237.52 in Q2 2025, reflecting improved ESG performance across major industries in the region [5] - The index's growth indicates a balance between economic vitality and social inclusiveness in the Greater Bay Area [5] Group 6: Environmental Challenges for Alcohol Industry - The Chinese liquor industry is facing intense competition and is increasingly looking to international markets for growth, with companies like Moutai and Wuliangye focusing on brand recognition abroad [6] - Strict environmental regulations in foreign markets present challenges for these companies, making effective ESG management crucial for successful international expansion [6]