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 for a significant reduction in energy consumption per unit of GDP by 2025 [7][14][20]. - The integration of waste incineration with AIDC (Artificial Intelligence Data Center) is seen as a promising model for developing 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 incorporates waste incineration and AIDC, has achieved a solid waste resource utilization rate of 98.9% and a green energy share of 93.7% [7][27]. Summary by Sections 1. Policy Acceleration for Zero-Carbon Parks - The report discusses the emphasis on "zero-carbon park" construction in recent government meetings, with plans for accelerated implementation across various regions [14][15]. - The tightening of energy consumption indicators is highlighted, with a target of reducing energy consumption per unit of GDP by 3% in 2025 [20][21]. 2. Waste Incineration's Role in Zero-Carbon Parks - The report uses the example of the Shanghai Pudong project to illustrate how waste incineration can contribute to zero-carbon parks, achieving high resource utilization and energy efficiency [27][28]. - The project integrates multiple waste treatment facilities, enhancing the overall sustainability and energy supply stability of the park [27][28]. 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. [7][8]. - It highlights the potential for these companies to benefit from the revaluation of their carbon reduction value and location advantages [7][8].