中信证券：绿色发展再迎高层定调，绿氢产业加速可期

Core Viewpoint - Recent high-level meetings and statements have set the tone for China's green development goals for the coming year, emphasizing a commitment to "dual carbon" leadership and a comprehensive green transition [1] Group 1: Green Development Goals - China will focus on deepening energy conservation and carbon reduction transformations in key industries [1] - The expansion of green electricity applications will be prioritized, alongside the cultivation of new growth points such as hydrogen energy and green fuels [1] Group 2: Transition in Green Power Development - During the "14th Five-Year Plan" period, the focus of green power development will shift from incremental construction to a balanced approach of both incremental construction and application scenario expansion [1] - Green hydrogen and hydrogen-based green fuels are expected to receive policy support and accelerate development as a link between green electricity and energy conservation in key industries [1]