川财证券：研究所晨报-20241119

Group 1 - The report highlights the recent approval of Article 6.4 of the Paris Agreement, which establishes a framework for global carbon trading, facilitating the exchange of emission allowances among countries [31][34]. - The global carbon market is evolving, with an increasing number of countries developing or planning to establish carbon trading systems, driven by the urgency of carbon reduction tasks [37]. - The report suggests that China's carbon market can align with global standards through mechanisms like CCER and carbon credit trading, enhancing international funding for green technology exports and energy transition projects [34][37]. Group 2 - The report indicates that the Chinese government is focusing on improving the carbon market's collaborative mechanisms to better seize international opportunities in carbon trading [37]. - It emphasizes the need for China to learn from developed countries' experiences in carbon market development, establishing a clear roadmap and enhancing the trading system [37]. - The report also discusses the potential for diversified and digital carbon financial products to attract more capital into low-carbon reduction sectors [37].