环保周报：浦东黎明智算中心项目打造垃圾焚烧+IDC新范式

Investment Rating - The investment rating for the environmental protection sector is "Positive" [2] Core Insights - The environmental protection sector outperformed the market with a weekly increase of 1.16%, while the Shanghai Composite Index decreased by 1.6% [5] - The report highlights the integration of waste incineration and data centers (IDC) as a new paradigm, which is expected to enhance profitability and cash flow for waste incineration projects [16] - The report emphasizes the importance of green electricity consumption, particularly for data centers, with a target of 80% green electricity usage by 2030 [14] Summary by Sections Market Performance - The environmental protection sector showed a weekly increase of 1.16%, outperforming the broader market [5] - Specific sub-sectors such as water treatment and resource recovery saw increases of 4% and 4% respectively, while air pollution control experienced a decline of 1.85% [8] Industry Data Tracking - The national carbon market recorded a total trading volume of 278,000 tons and a total transaction value of 23.77 million yuan for the week [9] - The average trading price for carbon emissions allowances was 87.78 yuan per ton, reflecting a decrease of 0.86% from the previous week [9] Industry Dynamics - Recent policies from multiple government departments aim to enhance the green electricity certificate market by 2027 and further develop the system by 2030 [17] - The report discusses the initiatives taken by the Zhejiang Provincial Ecological Environment Department to support private enterprises in their green transformation [18] Special Topic: Waste Incineration and IDC - The report details the Dawn Intelligent Computing Center project, which aims to utilize waste incineration for energy and support data center operations, potentially generating 105 million kWh of electricity annually [11] - Companies like Hanlan Environment, Junxin Co., and Weiming Environmental have already begun integrating waste incineration with data center operations [16] Investment Recommendations - The report suggests that the water and waste incineration sectors are expected to maintain high profitability and cash flow, with specific recommendations for companies such as Hanlan Environment, Xingrong Environment, and Hongcheng Environment [23]