GUOTAI HAITONG SECURITIES·2025-09-23 12:01Investment Rating - The report does not explicitly provide an investment rating for the industry Core Insights - The report highlights significant developments in carbon capture technology and the establishment of international standards, indicating a shift towards more structured and regulated practices in the industry [16] - The continuous release of the "China Carbon Neutral Development Index" over five years reflects the ongoing transformation in the economy and society under the dual carbon strategy, providing a reference for future planning [21] - The establishment of a carbon footprint management system in Jilin Province aims to enhance product competitiveness and align with international carbon trade policies [12] Policy Developments - The National Development and Reform Commission and the National Energy Administration issued the "New Energy Storage Scale Construction Action Plan (2025-2027)", aiming for a new energy storage capacity of 180 million kilowatts by 2027, with an investment of approximately 250 billion yuan [7][8] - Jilin Province's plan includes establishing carbon footprint accounting rules for key products by 2027, promoting carbon footprint certification and management [12] Industry Trends - The first international standard for carbon capture in China has been published, providing a unified technical guideline for the development and application of carbon capture materials [16] - The "2025 China Carbon Neutral Development Index" indicates a shift from single emission reduction to a more integrated approach, emphasizing environmental governance and green finance [21][22] International Events - The World Meteorological Organization warns of increasing disruptions in global water cycles, highlighting the urgency of addressing climate change [24] - The United Nations' Marine Biodiversity Agreement will come into effect in 2026, aiming to protect marine biodiversity in international waters [25] Corporate Developments - Industrial Bank's Xiamen branch has launched the first ESG-linked financing lease loan in Fujian Province, promoting sustainable development in the financial sector [28][29] - Rongsheng Petrochemical has been recognized as an ESG demonstration case, reflecting its commitment to sustainable practices and significant achievements in environmental, social, and governance areas [30][31]