环保：固废AI+系列-固废+AIDC，打造零碳园区新模式

Investment Rating - The industry investment rating is "Buy" [2] Core Insights - The report emphasizes the acceleration of "zero-carbon park" construction, with solid waste industrial parks being a key implementation scenario. The central government has highlighted the establishment of zero-carbon parks and factories, aiming to promote green and low-carbon economic development [14][15][19] - The integration of waste incineration with AIDC (Artificial Intelligence Data Center) is expected to become a preferred model for exploring zero-carbon parks in developed regions. This model can provide comprehensive energy supply and enhance resource utilization [7][14] - The Shanghai Pudong zero-carbon industrial park, which integrates waste incineration and AIDC, has achieved a solid waste resource utilization rate of 98.9% and a green energy ratio of 93.7% [7][27][28] Summary by Sections 1. Policy Acceleration for Zero-Carbon Parks - The construction of zero-carbon industrial parks is a crucial strategy for achieving China's dual carbon goals. The government has set clear targets and plans for the establishment of these parks [14][15] - The emphasis on stricter energy consumption indicators and the promotion of green electricity supply models are highlighted in the recent government work reports [20][21] 2. Waste Incineration's Role in Zero-Carbon Parks - The report details the successful implementation of the Pudong zero-carbon industrial park, showcasing the effective recycling of five major waste types and achieving a high resource utilization rate [27][28] - The park utilizes a variety of renewable energy sources, including distributed solar and wind power, to enhance local energy consumption and stability [7][27] 3. Recommended Companies to Watch - The report suggests focusing on companies with advantageous locations and solid waste industrial park layouts, including Wangneng Environment, Junxin Co., and Yongxing Co. These companies are expected to benefit from the revaluation of their carbon reduction value and location advantages [7][8][14]