ESG热点周聚焦（7月第4期）：雅下水电开工，清洁能源启新章

Core Insights - The report highlights the significant advancements in ESG (Environmental, Social, and Governance) initiatives both internationally and domestically, emphasizing the integration of green finance, policies, and technologies to achieve a harmonious resonance of "rules-funds-technology" [2][5]. International ESG Events - The UK government confirmed that by 2029, it will include engineered carbon removal in its emissions trading scheme while maintaining the total quota unchanged, aiming to support the country's net-zero target by 2050 [5][11]. - The International Court of Justice issued a landmark advisory opinion clarifying that a state's failure to control greenhouse gas emissions could constitute an international wrongful act, thereby establishing a legal framework for climate accountability [5][19]. - The African Development Bank approved a loan of $116.4 million to support inclusive agriculture in Morocco, focusing on empowering women and enhancing productivity through tailored incentives and infrastructure [5][20]. - The global first deep-sea green intelligent technology test ship, named "Future," was delivered in China, serving as a mobile laboratory to validate green technologies and deep-sea equipment [5][20]. Domestic ESG Events - The State-owned Assets Supervision and Administration Commission approved the establishment of China Yarlung Group, initiating a total investment of 1.2 trillion yuan in the Yarlung Tsangpo River downstream hydropower project [2][5]. - The People's Bank of China reported that the balance of green loans reached 42.39 trillion yuan by the end of Q2, with a half-year increase of 5.35 trillion yuan [2][5]. - The Shenzhen Stock Exchange implemented a negative exclusion mechanism for ESG in the ChiNext index, marking a significant step in promoting sustainable investment practices [2][5]. - The first deep-sea green intelligent technology test ship in China, "Future," was also named and delivered domestically, reinforcing the country's commitment to green technology [2][5]. Academic Frontiers - A study published in "Finance Research Letters" found significant nonlinear connections between biodiversity assets, green bonds, and tokenized carbon under extreme market conditions from 2021 to 2025 [2][4]. - Research in the "Journal of Environmental Management" indicated that energy transition policies negatively impacted corporate ESG performance in China from 2009 to 2019, particularly through increased financial constraints and reduced green innovation [2][4].