中化新网讯 11月18日，在2025年度石油和化工行业节能节水经验交流技术推广会上，与会专家为"十五 五"石油和化工行业节能降碳工作划重点。 中国石油和化学工业联合会副会长孙伟善表示，"十五五"行业节能降碳工作将进一步深化，必然要求行 业加速形成节能节水、高效低碳的绿色发展模式。孙伟善对此提出3点建议：一是持续强化标杆引领， 培育一批极致能效工厂，推动全行业形成"对标先进、赶超先进"的良好氛围;二是聚焦节水增效，严格 执行用水定额管理制度，推广先进节水技术，力争重点企业工业用水重复利用率达到95%以上;三是完 善管理体系，加强能源、用水和碳排放数据管理。持续完善绿色低碳标准体系，加快推进碳排放核算、 产品碳足迹、技术与能效等标准制修订。 圆桌座谈环节，与会嘉宾围绕"十五五"行业节能降碳工作展开深入研讨，就政策落地、技术创新、机制 完善等方面提出建设性意见，为行业下一阶段绿色转型提供重要参考。 国家发改委能源研究所科研处副处长姚明涛指出，"十五五"时期既是实现碳达峰的决胜期和能耗"双 控"向碳排放"双控"转变的制度变革关键期，又是我国新旧能源体系"立"与"破"转变过渡期。为更高质 量做好"十五五"节能工作，在能 ...

其中，企地战略合作和项目签约方面，既有具备产业集群优势的中国电信（601728）股份有限公司北京 分公司、国网冀北电力有限公司电力科学研究院、北京首钢吉泰安新材料公司等央企国企合作项目，也 包括北京雪迪龙（002658）科技股份有限公司等优质民企项目，未来将围绕科技创新、产业发展等领域 持续深化合作，不断提升区域产业发展能级。 备受关注的未来科学城能碳监测管理平台上线启动，采用清华大学"电碳耦合"理论及机器学习算法，构 建了以电力数据为核心的碳排放精准推算模型，构建智慧能源物联接入网络，打通了政府、企业与建筑 三大维度数据壁垒，打造成为国内首个"碳表-终端-系统"应用模式的政府侧区域级碳排放监测管理平 台，为"十五五"碳排放双控等任务的精准落地提供全过程支撑，助力区域绿色低碳高质量发展。 新京报讯(记者曹晶瑞)2025未来科学城能源谷高质量发展大会近日召开。记者获悉，一批重大能源领域 项目正式签约落地北京昌平未来科学城"能源谷"。 未来科学城"能源谷"作为全国能源创新要素最富集的区域之一，过去三年有20家央企研究院和科技型企 业累计78项成果在此就地转化，"能源谷"正成为先进能源领域技术创新策源地、产业发展新 ...

中新网北京11月23日电 2025未来科学城能源谷高质量发展大会在北京市昌平区未来科学城能源谷召 开。本次大会作为2025能源转型大会的重要活动之一，聚焦"央地融合发展、深化协同创新、推动未来 科学城搞活跃升"主题开展纵深讨论，强化各方参与未来科学城能源谷高质量建设发展的向心力。 大会还进行了未来科学城央企研究院"院长联盟"成立仪式。由未来科学城管委会倡导，区域内央企研究 院共同组建未来科学城央企研究院院长联盟，以"共商、共创、共建、共享"为原则，设立联盟理事会、 秘书处、专项工作委员会及职能部门工作组，通过强化协同创新、产学研融合等，搭建专项技术研讨 会、"院长圆桌会议"等多层次交流合作平台，建设科研资源共享平台，推动央企研究院打开院墙搞科 研，促进创新要素高效集聚与优化配置，推动科技创新与产业创新深度融合，深化央地协同与产学研合 作，进一步支持北京国际科技创新中心建设，共同打造面向未来的世界一流科学城。(完) 未来科学城华能新能源基金签约方面。昌平区以政府投资为引领，由未来科学城集团与深圳市国信证券 共同设立北京未来科学城先进能源产业母基金，以"源头活水"助推能源科技创新与产业集聚。本次先进 能源产业母基 ...

推进碳达峰碳中和，是我国对国际社会的庄严承诺，也是实现高质量发展的内在要求。对照"二氧化碳 排放力争于2030年前达到峰值"目标，《中共中央关于制定国民经济和社会发展第十五个五年规划的建 议》（以下简称《建议》）提出了"积极稳妥推进和实现碳达峰"的要求。《建议》以碳达峰碳中和目标 为牵引，对加快经济社会发展全面绿色转型作出具体部署，为如期实现"双碳"目标提供了有力支撑。 迈入低碳发展新征程 《建议》明确提出以碳达峰碳中和为牵引，强调协同推进降碳、减污、扩绿、增长，增强绿色发展动 能。 "十四五"期间，我国积极推进碳达峰碳中和，为全球气候治理作出了重要贡献。日前，在巴西贝伦《联 合国气候变化框架公约》第三十次缔约方大会期间举办的联合国环境规划署（UNEP）建筑与气候政府 间理事会部长级会议及"中国碳达峰碳中和之路"和"中国能源转型与新能源发展"两场"中国角"主题边会 上，国家发展改革委环资司司长王善成围绕近日发布的《碳达峰碳中和的中国行动》白皮书，分享了我 国碳达峰碳中和重大宣示5年来取得的进展和成效。 5年来，我国构建了系统完备的碳减排顶层设计和政策体系，省级政府普遍出台了本地区碳达峰实施方 案；加快构建绿色 ...

推进碳达峰碳中和，是我国对国际社会的庄严承诺，也是实现高质量发展的内在要求。对照"二氧化碳 排放力争于2030年前达到峰值"目标，《中共中央关于制定国民经济和社会发展第十五个五年规划的建 议》（以下简称《建议》）提出了"积极稳妥推进和实现碳达峰"的要求。《建议》以碳达峰碳中和目标 为牵引，对加快经济社会发展全面绿色转型作出具体部署，为如期实现"双碳"目标提供了有力支撑。 迈入低碳发展新征程 《建议》明确提出以碳达峰碳中和为牵引，强调协同推进降碳、减污、扩绿、增长，增强绿色发展动 能。 "十四五"期间，我国积极推进碳达峰碳中和，为全球气候治理作出了重要贡献。日前，在巴西贝伦《联 合国气候变化框架公约》第三十次缔约方大会期间举办的联合国环境规划署（UNEP）建筑与气候政府 间理事会部长级会议及"中国碳达峰碳中和之路"和"中国能源转型与新能源发展"两场"中国角"主题边会 上，国家发展改革委环资司司长王善成围绕近日发布的《碳达峰碳中和的中国行动》白皮书，分享了我 国碳达峰碳中和重大宣示5年来取得的进展和成效。 5年来，我国构建了系统完备的碳减排顶层设计和政策体系，省级政府普遍出台了本地区碳达峰实施方 案；加快构建绿色 ...

Report Overview - Report Title: Carbon Market Weekly Report - Date: November 21, 2025 Industry Investment Rating - Not provided in the report Core Viewpoints - The Chinese government is actively promoting the construction of the carbon market, with policies aiming to expand coverage, control quota总量, and increase market vitality [9][10] - The expansion of the national carbon emissions trading market will gradually cover major industrial emission - intensive industries by 2027, marking a new stage in using market - based mechanisms for deep - emission reduction [10] Summary by Directory 1. Carbon Market Weekly Overview - In October, the national carbon market's comprehensive price had a high of 59.30 yuan/ton, a low of 50.34 yuan/ton, and a closing price of 51.96 yuan/ton, down 10.37% from the previous month. The trading volume and turnover of different trading methods were also reported [7] - In the 3rd week of November, the national carbon market quota had a high of 70.14 yuan/ton, a low of 60.02 yuan/ton, and a closing price of 65.27 yuan/ton, with a weekly increase of 8.48%. The total trading volume was 1169.44 million tons, and the total turnover was 701.0284 million yuan. Price expectations for November and December 2025 were also given [8] 2. Market News - The central government issued an opinion to expand the carbon market's coverage, implement quota总量 control and paid distribution, and improve market vitality [9] - China's carbon market construction aligns with the "dual - carbon" goal, and will gradually implement quota总量 control and paid distribution as the carbon - peak process advances [10] - The expansion schedule of the national carbon emissions trading market was announced, with major industrial sectors to be included by 2027, covering about 75% of CO2 emissions [10] - The "Chengdu Declaration" at the 2025 8th China International Photovoltaic and Energy Storage Industry Conference called for anti - "involution" in the industry and promoted high - quality development [10]

行业 2026 年度投资策略："反内卷"为盾，需求为矛， 化工有望迎来新一轮景气周期 20251119 摘要 化工行业目前处于周期底部已超过一年，龙头企业业绩和价格价差均表 明景气度低迷，资本开支和固定资产投资增速大幅放缓，传统化工产品 产能投放减少。 反内卷的必要性在于中国制造业集中度高，地产需求短期难以恢复，且 抢占国际市场份额的边际效应减弱。若不反内卷，将导致国企长期亏损， 拖累地方政府和银行系统。 当前 60 美元左右的油价对化工行业影响中性，煤炭价格也处于历史中 位数水平，对成本端的影响已不再是主要矛盾。关注油价上涨至 90 美 元可能带来的成本支撑和库存收入增加。 化工行业市场周期由供需共同决定，供给侧改革能触发拐点，需求决定 周期高度。未来几年，中国制造业 ROE、毛利率和净利润等指标预计将 迎来历史性拐点。 7 月份以来，中央财经委员会明确提出要深入反映内卷问题，标志着化 工板块的重要拐点。此后，化工 ETF 涨幅已达 40%-50%，《十五规 划》也明确将综合整治内卷式竞争写入规划。 Q&A 2026 年化工行业的年度投资策略是什么？ 2026 年化工行业的年度投资策略主要围绕反内卷这一核心 ...

Core Viewpoint - The 20th Central Committee of the Communist Party of China has approved the "Suggestions on Formulating the 15th Five-Year Plan for National Economic and Social Development," emphasizing the importance of accelerating the comprehensive green transformation of economic and social development during the 15th Five-Year Plan period, reflecting the strong will and determination of the Party leadership to prioritize ecological and green development [1][2]. Group 1: Significance of Green Transformation - Accelerating the comprehensive green transformation is essential for promoting high-quality development, as green development is a key characteristic of high-quality growth [3]. - The green transformation is a fundamental strategy to address ecological and environmental issues, aiming to reduce pollution and carbon emissions from the source [4]. - It is also a strategic move to shape new advantages in international cooperation and competition, as global trends are increasingly favoring green and low-carbon development [5]. Group 2: Current Situation and Challenges - The 15th Five-Year Plan period is critical for achieving carbon peak goals, with both historical opportunities and significant challenges ahead [6]. - Domestically, while there have been notable advancements in green transformation, structural issues such as reliance on coal and high emissions remain [7]. - Internationally, competition in the green low-carbon sector is intensifying, with various countries vying for leadership in green technologies and climate governance [8]. Group 3: Key Tasks for Green Transformation - Establishing a new energy system is crucial, as the energy sector accounts for over 85% of national carbon emissions, necessitating a shift towards clean and efficient energy sources [10]. - Implementing a dual control system for carbon emissions is essential, focusing on local, industrial, and enterprise-level management to ensure accountability [11]. - Advancing ecological environment zoning and control measures will help create a spatial framework for high-quality green development [12]. - Enhancing resource management and promoting a circular economy are vital for improving resource efficiency and reducing consumption [13]. - Developing supportive policies for green low-carbon development is necessary to internalize external costs and foster a conducive environment for sustainable practices [14]. - Strengthening international cooperation in green transformation is important for leveraging external opportunities and addressing global environmental challenges [15]. Group 4: Goals and Future Directions - The establishment of a green production and lifestyle is a key goal for the 15th Five-Year Plan, guiding the direction for comprehensive green transformation [16].

Core Insights - The 17th Wuxi International New Energy Exhibition (CREC2025) was held from November 13 to 15, showcasing over 200 leading companies and attracting more than 30,000 professional visitors, emphasizing its role as a "super window" for global new energy trends [1] - The exhibition serves as a core platform for communication between government and enterprises, industry exchanges, and public education, becoming a "barometer" for the global new energy industry [2] - The event featured prominent figures from various sectors, including government officials and industry leaders, discussing the future of energy transformation and the shift towards carbon emission control [3] Industry Trends - The distributed photovoltaic operation and maintenance sector is entering a "golden age," with significant recognition for companies like Nenghuanbao, which won the title of "Top 100 Distributed Energy Service Providers for 2025" [4] - The energy structure is undergoing a historic transformation, with the National Energy Administration supporting the "new energy + energy storage" model, accelerating the transition to green electricity [6] - The demand for professional operation and maintenance services is increasing, particularly with the rise of grid-connected energy storage, leading to a focus on smart operation and maintenance through IoT and big data [6] Technological Advancements - Nenghuanbao positions itself as a technology-driven smart operation and maintenance service provider, leveraging its proprietary NiOS smart energy management system to gain a competitive edge [7] - The NiOS system integrates big data analysis and AI algorithms to enhance operational efficiency, enabling proactive maintenance and real-time monitoring of energy systems [9] - The company aims to provide a comprehensive, intelligent, and efficient operation and maintenance service, contributing to the high-quality development of the distributed photovoltaic industry [10]

Group 1: Event Overview - The 17th Wuxi International New Energy Exhibition opened on November 13, showcasing approximately 20,000 square meters of new technologies, products, and applications across five key areas: energy equipment, green energy, AI + energy, energy infrastructure, and sustainable energy development [1] - Over 100 industry leaders, including GCL Group and Trina Solar, participated in the exhibition, which featured seven high-level industry matchmaking activities for comprehensive insights and networking opportunities [1] Group 2: Technological Innovations - Far East Holdings presented an "AI + computing power + electricity" approach, demonstrating a smart ecosystem integrating computing power, storage, and transmission to maximize the synergy between energy and computing [1] - Huaguang Huaneng showcased its under-construction Huaguang Industrial Green Microgrid demonstration project, while the debut "Energy Integration" exhibition area featured groundbreaking products like a 5G-connected drone cockpit from China Telecom and a vertical take-off security drone from Superwing Technology [1] Group 3: Industry Insights - GCL Group Chairman Zhu Gongshan emphasized that the energy transformation will shift from "dual control of energy consumption" to "dual control of carbon emissions" over the next five years, highlighting technology, low carbon, and digitalization as key competitive advantages in the new energy sector [2] - The China Energy Research Society Chairman Shi Yubo pointed out the growing demand for electricity from high-value industries like artificial intelligence and commercial aerospace, advocating for the establishment of zero-carbon computing hubs in industrial clusters like the Yangtze River Delta [2] Group 4: International Collaboration - The European Energy Storage Association's global supply chain and finance leader, Zhuang Bowen, called for strengthened collaboration to promote global clean energy development, noting Europe's insufficient battery manufacturing capacity and the need for partnerships with Chinese manufacturers [3] - The exhibition attracted international guests from 16 countries, showcasing Wuxi's increasing global influence and resource connectivity, particularly in the context of Europe's strong demand for Chinese new energy products and technologies [3] Group 5: New Platforms and Initiatives - Several important platforms were launched during the opening ceremony, including the expansion of the Wuxi New Energy Overseas Liaison Center and the establishment of the United Nations/International Organizations Sustainable Procurement Service Center in Wuxi [4] - The Global Green Low Carbon Innovation Center was inaugurated to serve as an international comprehensive innovation platform aimed at integrating resources to promote the development and application of new energy technologies [4]