前沿产业发展现状、挑战及机遇系列报告之—可持续燃料篇

Investment Rating - The report does not explicitly provide an investment rating for the sustainable fuel industry Core Insights - Sustainable fuels, including biofuels, green hydrogen, and hydrogen-based fuels, are crucial for supplementing future energy structures and achieving net-zero emissions [6][13] - The global demand for sustainable fuels is expected to grow significantly, with biofuels projected to increase by 23% from 2023 to 2028, reaching 200 billion liters [45] - The report emphasizes the need for stronger policy support and the establishment of a standard system for sustainable fuels to enhance their market competitiveness [10][47][48] Summary by Sections Current Status - Sustainable fuels are essential for transitioning to a low-carbon energy system, particularly in sectors that cannot be fully electrified, such as industry and transportation [13] - China has been actively supporting the development of sustainable fuels through various policies since the introduction of its dual carbon goals [6][31] - The U.S. and EU have implemented regulations to promote the use of renewable fuels, including the Renewable Fuel Standard (RFS) and the Renewable Energy Directive [6][37] Challenges - High production costs of sustainable fuels compared to traditional fossil fuels limit their competitiveness and market demand [7][40] - The lack of comprehensive standards for sustainable fuels in China creates discrepancies with international standards, hindering development [7][40] - The uncertainty of raw material sources for sustainable fuels poses potential risks, as the collection and pricing of biomass feedstocks remain unstable [7][43] Opportunities and Recommendations - Strengthening policy support for sustainable fuels is crucial, including incentives for companies and requirements for blending ratios in traditional fuels [10][47] - Establishing a clear standard system for sustainable fuels is necessary to ensure compliance with environmental and social criteria [48] - Pilot projects should be initiated to promote technological innovation and the commercialization of sustainable fuels [49]