Group 1 - A cold air mass has affected Hangzhou, causing temperatures to drop to a maximum of 18.2℃, a decrease of 4-5℃ compared to the previous weekend [1] - The cold air's impact will end by Wednesday, with temperatures expected to rise above 20℃ in Hangzhou as the new cold air mass has not yet arrived [1] - This week will see more frequent rainfall in Hangzhou, with three expected rain events on Tuesday, Wednesday, Thursday, and the weekend, although the rainfall will be light [1] Group 2 - This autumn, an unusual phenomenon of "spring flowers blooming in autumn" has been observed in Hangzhou, where cherry blossoms and osmanthus flowers are blooming simultaneously [2] - The meteorological explanation for this phenomenon includes an unusually high average temperature of 28.8℃ in early October, followed by a significant drop in temperature due to a cold air mass [2] - The occurrence of off-season blooming serves as a warning signal regarding climate change's impact on ecosystems, as it may deplete plants' energy reserves needed for winter and future growth [2]

Core Insights - The report highlights China's significant contributions to climate change mitigation and adaptation, showcasing its commitment to global climate governance and green development [2][3][4][5] Group 1: Climate Change Mitigation Efforts - In 2024, non-fossil energy is projected to account for 19.8% of China's total energy consumption, with coal consumption decreasing from 67.4% in 2013 to 53.2% [3] - The report indicates that the lithium battery and photovoltaic industries are expected to achieve double-digit growth in multiple indicators in 2024, with China's new energy vehicle production leading globally for ten consecutive years [3] - The national carbon market has entered a new phase, with a cumulative trading volume of 728 million tons and a transaction value of 49.83 billion yuan as of September 2025, marking a historical high for the market [4] Group 2: Global Climate Leadership - China has contributed to a significant reduction in global wind and solar power costs by over 60% and 80%, respectively, while creating 46% of global renewable energy jobs [4] - By the end of 2024, China has signed 54 climate cooperation agreements with 42 developing countries, enhancing their capacity to address climate change through various initiatives [4] - China's announcement of its 2035 national contribution targets aligns with the Paris Agreement, reflecting its commitment to international climate goals [5] Group 3: International Cooperation and Policy Stance - The report outlines China's basic stance for COP30, emphasizing the importance of multilateral cooperation, adherence to the UN Framework Convention on Climate Change, and promoting a just global green transition [5] - China remains committed to its climate actions and international cooperation efforts, regardless of changing global circumstances [5]

Core Viewpoint - The company maintains a constructive outlook on Chinese assets across various sectors, including bonds, foreign exchange, and stocks, emphasizing the attractiveness of growth-related stories and valuations in the Chinese market [1][2]. Investment Opportunities in China - The company identifies three main dimensions for investment opportunities in China: ongoing institutional openness and the bridging role of Hong Kong, new opportunities arising from green finance and China's dual carbon goals, and the significant potential of the pension market [2]. - The focus on technology innovation, particularly in electric vehicles and artificial intelligence, is highlighted as a key area for investment, with strong valuation appeal in sectors like electric vehicles and biotechnology [2]. Global Monetary Policy Insights - The company predicts two interest rate cuts by the Federal Reserve in 2025, with a potential further two cuts in 2026, driven by a softening labor market [3]. - The current international tariff policies are seen as fluid, with ongoing negotiations that may create investment opportunities in countries previously overlooked due to more attractive risk-reward profiles [3]. Diversified Investment Strategies - The company advises investors to focus on structural trends and long-term opportunities, such as climate transition and artificial intelligence, while building corresponding positions in their portfolios [4][5]. - Gold is emphasized as a key asset class for diversification, offering protection against inflation and geopolitical risks, with a long-term price target of $5,000 per ounce within three years [5]. Asset Allocation Framework - The company typically constructs a core asset allocation framework based on client needs, determining the proportion of equity and fixed income assets, and further specifying allocations within fixed income [6]. - It is suggested that investors maintain a diversified asset allocation, especially for those with lower risk tolerance and modest return expectations, encouraging a broader perspective on investment opportunities [6].

【环球时报综合报道】伊拉克外长侯赛因2日与来访的土耳其外长费丹签署了一项重要的水资源合作框 架协议实施机制文件，以缓解伊拉克面临的严重水资源危机，并为双方后续开展联合项目管理铺平了道 路。据阿联酋《国家报》报道，伊拉克总理办公室在一份声明中表示，伊总理苏达尼会见了费丹，并主 持了协议签署仪式。 伊拉克面临的水资源匮乏问题是伊土两国之间的一个长期问题，伊拉克约有70%的水资源来自邻国，而 对于该国水资源至关重要的底格里斯河和幼发拉底河均发源于土耳其。 《国家报》称，联合国将伊拉克列为全球第五大最易受气候变化影响的国家，今年夏季的持续高温凸显 了伊拉克在气候变化面前的脆弱性。伊拉克水资源部今年表示，该国水资源储备量降至80年来的最低水 平。 据报道，伊拉克长期将底格里斯河和幼发拉底河流量减少归咎于上游邻国伊朗和土耳其，但未能与两国 就确保公平分配水资源达成协议。伊朗和土耳其都称本国也面临水资源短缺问题，并指责伊拉克使用的 灌溉方法过时。报道称，2024年4月，土耳其总统埃尔多安对伊拉克进行访问期间，同意土伊双方在水 资源领域加强合作。（陈葭） 费丹称该协议具有历史意义，是同类协议中的首例，"经过多年努力，土耳其和 ...

Core Viewpoint - The company maintains a constructive outlook on Chinese assets across various sectors, including bonds, foreign exchange, and stocks, while focusing on technology innovation areas such as electric vehicles and artificial intelligence [1][2]. Group 1: Investment Opportunities in China - The company expresses long-term strategic confidence in the Chinese capital market, identifying three key dimensions for investment opportunities: ongoing institutional openness, the role of Hong Kong as a bridge, and the potential of the pension market [2]. - The company highlights the attractiveness of electric vehicles and battery sectors from a valuation perspective, as well as biotechnology and pharmaceuticals related to artificial intelligence as long-term investment directions [2]. Group 2: Global Monetary Policy and Economic Trends - The company predicts two interest rate cuts by the Federal Reserve in 2025, with a further two expected in 2026, adjusting the target down to 3.5% due to a softening labor market [3]. - The company notes that the current international tariff policy is still evolving, creating investment opportunities in countries that were previously not considered due to supply chain adjustments [3]. Group 3: Diversified Investment Strategies - The company advises investors to focus on structural trends and build positions in mid- to long-term opportunities such as climate transition and artificial intelligence, while also considering risk management in their portfolios [4]. - Gold is emphasized as a key asset class for the company due to its inflation-hedging properties and ability to withstand geopolitical risks, especially in the context of increasing sanctions and the need for central banks to diversify reserves [4]. Group 4: Long-term Outlook on Gold - The company anticipates a long-term upward trend in gold prices, projecting a target price of $5,000 per ounce within three years, suggesting investors adjust their strategies accordingly [5]. - The company recommends a careful design of risk budgets in investment portfolios to hedge against specific risks, while maintaining a core asset allocation framework that includes equities and fixed income [5]. Group 5: Advice for Chinese Investors - The company emphasizes the importance of diversified asset allocation for Chinese investors, drawing on European experiences to encourage a broader investment perspective [6].

研究人员介绍，在全球变暖背景下，此前针对南极冰架存续问题的研究主要关注大气变暖的影响，而他 们以整体视角重新审视了冰架存续能力，同时考量大气与海洋双重因素导致的质量损失，以估算冰架难 以维持现今形态的临界点。值得注意的是，本项研究给出的失稳临界点为最晚时限，实际冰架崩塌可能 更早发生。（完） 南极冰盖边缘的漂浮冰架能够抑制冰流汇入海洋，它们的消融将显著加速海平面上升。据开展这项研究 的法国研究人员介绍，他们通过气候模型分析了64个南极冰架。 结果显示，如果全球温室气体排放继续维持高水平，到2150年可能有大约41%的冰架无法稳定存在；到 2300年时，这一比例可能达到59%（即38个冰架），而这38个冰架约束的冰盖区域若完全消融，可能导 致全球海平面上升10米。如果能将全球变暖控制在2摄氏度以内，则绝大部分冰架可保持稳定，有效降 低海平面上升风险。 新华社伦敦11月3日电（记者郭爽）英国《自然》杂志近日发表的一项新研究显示，受气候变化影响， 近六成南极冰架到2300年时可能无法继续稳定存在。这可能导致全球海平面大幅上升，严重威胁沿海地 区生态与人类安全。 ...

该研究模型显示，南极冰盖损失在低于2°C的升温情景下会减少很多，凸显出通过确保低排放以保 护南极冰架和沿海区域的紧迫性。 论文作者总结指出，这项研究对高排放情景下的冰架消失估算是保守的，因为崩塌还会由破坏、裂 隙、破裂和崩解引发。为了缓解未来海平面上升并保护南极冰架和冰盖的结构完整性，必须首选低排放 路径。不过，后续研究仍需关于海洋-冰盖相互作用的进一步数据，以增强对南极冰架稳定性的未来建 模。 为更好地理解冰架在何时以及何种情况下会失去结构完整性，本研究论文第一作者兼通讯作者、法 国索邦大学C. Burgard和同事及合作者一起，开展兼顾海洋变暖和大气变暖的模拟发现，冰架无法生存 的节点取决于排放情景，在升温到2300年保持在低于2°C的低排放情景下，研究中只有1/64的冰架会无 法生存，且风险在2250年后开始增加。相比之下，在升温到2300年接近12°C的高排放情景下，38个 (59%)南极冰架会无法存活，可能导致海平面上升10米。 国际知名学术期刊《自然》最新发表一篇气候变化研究论文称，研究人员开展一项对海洋变暖影响 的综合性分析表明，到2300年，多达59%的南极冰架可能在高排放情景下面临消失的风险 ...

FutureGuessr游戏画面，展示了2100年美国新奥尔良。FutureGuessr将玩法和气候图像相结合，鼓励玩家 探索关注气候变化、探索未来世界。图片来源：游戏画面 2100年，世界是怎样一番景象？ 2025年6月，一款名为FutureGuessr的免费电子游戏正式上线。该游戏的灵感来自GeoGuessr，一款支持 数百万玩家在手机上进行虚拟旅行并猜测位置的地理游戏。 FutureGuessr通过AI技术生成未来场景，向玩家展示气候变化影响下的未来世界。游戏中，玩家会收到 一张来自未来的图片，并根据要求判断其地理位置。随着游戏进程的发展，更多信息会被解锁，比如玩 家回答是否接近正确答案、气候变化会对未来世界的影响和采取应对行动的必要性等，借此引发玩家对 气候议题的关注。 游戏作为一种有效的传播途径，具备触达面广、受众多样化的特点。近年来，桌游和电子游戏已被运用 于气候变化议题的传播。游戏可以用严肃、有趣、充满惊喜，抑或 发人深省的方式与玩家沟通，传递 气候议题。 除了传达给大众的信息、触达大众的媒介，游戏制作对环境造成的影响也值得关注。由联合国环境规划 署发起的"玩游戏救地球联盟"（Playing f ...

此次山体滑坡由持续多日的强降雨引发，并造成大面积破坏。另据英国天空新闻台报道，近年来，肯尼 亚已有数百人死于山体滑坡和洪水。科学家表示，气候变化导致极端天气事件更加频繁且强度更大。去 年肯尼亚中部发生的泥石流和山洪，造成61人死亡。(完) 肯尼亚山体滑坡遇难人数升至26人 中新社北京11月3日电 内罗毕消息：肯尼亚西部地区因暴雨引发山体滑坡，截至当地时间11月2日，遇 难人数已升至26人，另有20余人失踪。 综合肯尼亚《星报》、美联社等媒体消息，肯尼亚内政部长基普春巴·穆尔科门(Kipchumba Murkomen) 证实，此次山体滑坡发生在11月1日，地点位于该国西部的埃尔盖约-马拉奎特郡，灾情导致部分道路被 冲毁，事发地区与外界完全隔绝。 穆尔科门表示，目前肯尼亚政府已加大搜救力度，军方部署了四架直升机和一架固定翼飞机协助搜救队 进入事发区域，同时还派出医务人员和灾害应对专家。此外，肯尼亚政府还将空运物资至受灾地区。 肯尼亚红十字会部署了无人机和地理信息系统(GIS)等设备，以协助搜寻失踪人员和进行现场评估，救 援行动预计将持续数日。 肯尼亚政府敦促居住在易受洪水或山体滑坡影响地区的民众尽快撤离，因为全国 ...

中新社北京11月3日电 内罗毕消息：肯尼亚西部地区因暴雨引发山体滑坡，截至当地时间11月2日，遇 难人数已升至26人，另有20余人失踪。 综合肯尼亚《星报》、美联社等媒体消息，肯尼亚内政部长基普春巴·穆尔科门(Kipchumba Murkomen) 证实，此次山体滑坡发生在11月1日，地点位于该国西部的埃尔盖约-马拉奎特郡，灾情导致部分道路被 冲毁，事发地区与外界完全隔绝。 肯尼亚红十字会部署了无人机和地理信息系统(GIS)等设备，以协助搜寻失踪人员和进行现场评估，救 援行动预计将持续数日。 肯尼亚政府敦促居住在易受洪水或山体滑坡影响地区的民众尽快撤离，因为全国范围内的降雨预计还将 持续。 此次山体滑坡由持续多日的强降雨引发，并造成大面积破坏。另据英国天空新闻台报道，近年来，肯尼 亚已有数百人死于山体滑坡和洪水。科学家表示，气候变化导致极端天气事件更加频繁且强度更大。去 年肯尼亚中部发生的泥石流和山洪，造成61人死亡。 穆尔科门表示，目前肯尼亚政府已加大搜救力度，军方部署了四架直升机和一架固定翼飞机协助搜救队 进入事发区域，同时还派出医务人员和灾害应对专家。此外，肯尼亚政府还将空运物资至受灾地区。 ...