垃圾不够烧了，“固废十条”能否为环保产业带来新蛋糕

Core Viewpoint - The release of the "Solid Waste Comprehensive Treatment Action Plan" marks a significant policy shift in China's environmental management, aiming for substantial improvements in solid waste management by 2030, including a target of 4.5 billion tons of comprehensive utilization of major solid waste and 510 million tons of recycling of main resources annually [2][4]. Group 1: Policy Overview - The "Solid Waste Comprehensive Treatment Action Plan" is a milestone document following previous environmental policies, focusing on the comprehensive management of solid waste [2]. - The plan aims to control historical stockpiles of solid waste and curb illegal dumping, with specific targets set for waste utilization and recycling by 2030 [2][4]. - The plan is spearheaded by the National Development and Reform Commission (NDRC), indicating a shift from large-scale infrastructure projects to a focus on creating a sustainable circular economy without relying on subsidies [2][5]. Group 2: Industry Context - The solid waste industry is experiencing a transition from a growth phase to a focus on operational efficiency, with a predicted decline in ecological infrastructure investment to below 30% by 2025 [5]. - The current oversupply in waste incineration capacity is highlighted, with a processing capacity of 862,000 tons per day in 2023, exceeding the target of 800,000 tons per day set for the 14th Five-Year Plan [4][5]. - The environmental industry has evolved significantly over the past decade, with previous policies like the "Air Ten Measures" and "Water Ten Measures" leading to substantial improvements in air and water quality [4][5]. Group 3: Future Opportunities - The organic waste treatment sector presents a significant growth opportunity, with potential investments reaching hundreds of billions, particularly in anaerobic digestion for biogas production [6]. - The plan emphasizes enhancing waste classification and resource utilization, promoting the integration of waste collection points with recycling networks, and encouraging manufacturers to participate in recycling efforts [6][7]. - The policy encourages local governments to allocate at least 1% of industrial land for resource recycling facilities and to leverage various funding sources to support solid waste management projects [7].