环保行业周报：气候大会再提甲烷减排议题

Industry Investment Rating - The report maintains an Overweight rating for the environmental protection industry, consistent with the previous rating [7] Core Views - The 29th Climate Change Conference (COP29) emphasized methane emission reduction, which is crucial for controlling global temperature rise Methane has a greenhouse effect 28 times stronger than CO2, and its reduction can help achieve short-term climate goals [14][15] - China has introduced a methane emission control action plan, which is expected to drive demand for methane emission monitoring, accounting, and CCER projects [15] - The report recommends companies benefiting from methane reduction monitoring and waste-to-energy projects, such as Snow Dragon (CEMS leader) and waste incineration leaders like Everbright Environment, Grandblue Environment, Chongqing Sanfeng Environment, and Green Power [16] Weekly Market Performance - The environmental protection sector underperformed last week, with the Shenwan Environmental Protection Index down 4.82% Other related sectors like gas, water, and power also declined by 1.75%, 4.27%, and 3.15%, respectively [20] - Top gainers in the environmental protection sector included Jiaao Environmental Protection (+25.71%) and Anche Inspection & Testing (+14.55%) [20] - Top losers were Xingyuan Environment (-20.60%) and Hexin Instrument (-18.94%) [20] Carbon Market Tracking - Last week, the national carbon market (CEA) saw a 45% increase in trading volume to 10.33 million tons, with an average price of 101.69 RMB/ton, remaining stable [22] - Local carbon market trading volume dropped 44% to 381,700 tons, but the average price rose 56% to 81.08 RMB/ton [22] - CCER trading volume in local markets surged 60% to 975,300 tons [22] Key Industry Developments - The Ministry of Industry and Information Technology issued guidelines for carbon footprint accounting standards, aiming to establish 200 standards by 2027, focusing on industries like steel, non-ferrous metals, and new energy vehicles [23] - The Soil Pollution Source Control Action Plan was released, targeting a 90% compliance rate for soil pollution inspections by 2027 and a 94% safe utilization rate for contaminated farmland [24] Corporate Updates - Zhongchuang Environmental Protection announced a 4.22% equity transfer to Huisheng Zhifeng [25] - Fujie Environment saw a reduction in shareholder Bangming Venture Capital's stake from 6.03% to 5.00% [26] - Wanyi Technology increased its share repurchase budget to 55-105 million RMB and extended the repurchase period to May 2025 [27] - China Tianying won a rural waste disposal project worth 53.17 million RMB [30]