10月20日，2025年北京国际风能大会上发布的《风能北京宣言2.0》，以"年均新增装机不低于1.2亿千 瓦"的明确目标，为中国风电产业划定了未来五年的高增长轨道。与此同时，海内外市场双轮驱动与三 季度项目开工旺季形成共振，行业景气度正加速攀升。 海内外市场双轮驱动 "海外风机订单交付周期比国内长，海外订单的出货交付速度受业主融资成本的影响。"周利凯表示，未 来美元利率下降有望提升海外项目投资收益率，加速订单交付进度，海外市场将成为行业增长的重要增 量。 国家能源局数据显示，截至今年7月底，我国可再生能源装机规模已达到21.7亿千瓦，稳居全球首位， 其中风电装机5.7亿千瓦、光伏装机超过11亿千瓦，较"十三五"末实现翻倍增长。 国金证券分析指出，随着《关于深化新能源上网电价市场化改革促进新能源高质量发展的通知》落地， 风电凭借更优的发电曲线及度电成本，有望在未来新能源装机结构中实现更高的份额。 完善政策与创新协同 分析人士指出，在《关于深化新能源上网电价市场化改革促进新能源高质量发展的通知》（136号文） 推动的市场化改革红利下，风电行业凭借其成本与发电曲线优势抢占装机份额，三季报将进一步印证行 业从高速增长 ...

Core Insights - The "Wind Energy Beijing Declaration 2.0" sets a clear target for China's wind power industry, aiming for an annual new installed capacity of no less than 120 million kilowatts during the 14th Five-Year Plan period [1][2] - The wind power sector is experiencing accelerated growth driven by both domestic and international markets, with a significant increase in project initiations during the third quarter [1][4] Summary by Sections Wind Power Development Goals - The declaration outlines that during the 14th Five-Year Plan, China's annual new installed capacity for wind power should not be less than 120 million kilowatts, with offshore wind power contributing at least 15 million kilowatts annually [2] - By 2030, the cumulative installed capacity of wind power in China is expected to reach 1.3 billion kilowatts, increasing to 2 billion kilowatts by 2035 and 5 billion kilowatts by 2060 [2] Domestic and International Market Dynamics - The wind power industry is benefiting from a dual market drive, with domestic offshore wind power entering a bidding peak, leading to improved profitability across the industry [4] - As of July 2023, China's renewable energy installed capacity reached 2.17 billion kilowatts, maintaining its position as the global leader, with wind power accounting for 570 million kilowatts and solar power exceeding 1.1 billion kilowatts [4] Policy and Innovation Collaboration - The declaration emphasizes the need for a robust management system to stimulate market potential and to combat unhealthy competition within the industry [5] - It advocates for the establishment of a collaborative innovation system involving government, industry, academia, research, application, and finance to support advancements in wind power technology [6] - The declaration also highlights the importance of developing supporting policies for green hydrogen, ammonia, and zero-carbon parks to accelerate technological maturity and market adoption [6]

Core Insights - Precious metal prices, particularly silver, have seen significant increases, with silver prices recently surpassing historical highs [1][3] - The domestic investment market is experiencing a surge, leading fund managers to implement purchase limits to maintain stable operations [1] - The liquidity crisis in the London silver market is a key driver behind the rising silver prices [3][7] Group 1: Market Dynamics - The international spot silver price has outperformed gold this year, with a notable increase of over 50 USD per ounce [2][3] - The London silver market is facing severe liquidity constraints, exacerbated by reduced inventories and increased industrial demand [3][5] - Since mid-2021, London silver inventories have decreased by approximately one-third, with available stocks dropping from around 850 million ounces in 2019 to about 200 million ounces [7] Group 2: Demand Factors - Industrial demand for silver is projected to be the largest source of demand this year, estimated at 430 million ounces, with solar energy applications accounting for approximately 299 million ounces [9] - The current geopolitical climate and economic uncertainties have heightened investor interest in precious metals as safe-haven assets [9] - Analysts suggest that silver is in a "catch-up rally" with significant potential for further price increases [9] Group 3: Future Outlook - Goldman Sachs indicates that the current liquidity tightening in the silver market is a temporary phenomenon, with expectations of silver returning from the U.S. and other regions back to London [9] - The volatility and potential downside risks for silver prices are anticipated to be greater than those for gold, due to the lack of central bank support for silver [9]

朱光耀：我认为要推动科技创新再上新台阶，特别要在可再生能源、人工智能等优势领域进一步发挥综 合优势。在我看来，可再生能源代表未来的能源方向，人工智能则代表未来的生产力方向。两者紧密结 合将极大提升全球生产力。过去十年，中国在企业的推动下，可再生能源发展迅速，已成为全球可再生 能源发展的"领头羊"。中国可再生能源的发展不仅有力支撑了自身经济的可持续发展，也为全球应对气 候危机作出重要贡献。我坚信，凭借包括中国在内的众多国家的共同努力，即将举行的COP30（《联合 国气候变化框架公约》第三十次缔约方大会），将成为全球合作应对气候挑战的重要契机。正是由于中 国在创新方面的努力，以及创新与知识产权保护之间的紧密结合，过去十年，太阳能发电的成本降低了 近90%，锂电池价格下降了80%。这对全球可再生能源发展是巨大的贡献。（每经） ...

每经记者｜张蕊 每经编辑｜陈星 "今年是'十四五'规划的收官之年，我坚信中国今年将实现5%左右的GDP增长目标。" 近日，财政部原副部长朱光耀在接受《每日经济新闻》记者采访时作出如上表述。他表示，"十四五"期间，中国经济的年均增长率约为5.4%。在这个基础 上，今后几年若能保持4.5%至5%的经济增长速度，就能为2035年中国基本实现社会主义现代化远景目标奠定坚实基础。 10月20日至23日召开中国共产党第二十届中央委员会第四次全体会议，研究关于制定国民经济和社会发展第十五个五年规划的建议。 对下一阶段我国的经济发展有何展望？今后可能会在哪些领域加大政策支持与资源投入？围绕这些话题，近日，朱光耀接受了《每日经济新闻》（以下简 称NBD）记者的专访。 朱光耀，长期从事国际财经外交工作，曾多次参与中美经济对话机制建立以来对话的磋商和筹备工作。 未来几年有望保持4.5%至5%的经济增速 NBD：您提到，坚信今年能够实现5%左右的GDP增长目标。实现这一目标有哪些支撑？今年是"十四五"规划收官之年，您对接下来我国的经济发展有何 展望？ 朱光耀：之所以有信心，是因为前三季度，我国GDP同比增长5.2%。全年实现5%的经 ...

Core Insights - China is undergoing a significant transformation in its energy production and consumption patterns, focusing on green energy development since the "14th Five-Year Plan" [1][10] - The country has established the world's largest and most complete new energy industrial chain, achieving the target of 20% non-fossil energy consumption ahead of schedule [10] Group 1: Renewable Energy Production - China generates over 10 trillion kilowatt-hours of electricity annually, accounting for one-third of global production [5] - The energy produced from renewable sources now constitutes one-third of the total electricity consumption in the country [5] - The "14th Five-Year Plan" has laid out nine major clean energy bases, with seven located in the western regions of China [7] Group 2: Infrastructure Development - The construction of 19 ultra-high voltage transmission lines has created a super network for electricity delivery, increasing the cross-regional transmission of clean energy by 70% [8] - Renewable energy from the western regions now supports one-fifth of the electricity demand in the eastern and central regions [8] Group 3: Technological Advancements - New energy storage technologies, including gravity storage and compressed air, have been introduced in the "Five-Year Plan" and played a crucial role during peak summer demand [8] - The deployment of large-scale solar and wind energy systems has transformed previously barren lands into vast renewable energy fields [7][4]

Core Insights - The article highlights the significant progress China has made in the green transformation of its transportation sector, particularly through the adoption of electric vehicles (EVs) and the expansion of charging infrastructure [1][3]. Charging Infrastructure Development - During the recent National Day and Mid-Autumn Festival holiday, China's highway electric vehicle charging volume reached 123 million kilowatt-hours, with a daily average increase of over 45% year-on-year, marking a historical high [1]. - By the end of August 2025, the total number of electric vehicle charging facilities in China is expected to reach 17.348 million, approximately ten times the number five years ago [1]. - Over 40,000 charging facilities have been established along highways, five times the number from five years ago, with significant expansion into rural areas, where 97% of county towns and 80% of townships now have public charging facilities [1]. Charging Speed Improvements - The average power of newly added direct current charging stations has increased from 73.90 kilowatts at the end of 2021 to 98.51 kilowatts by June 2025, indicating a rapid proliferation of high-power charging facilities [2]. - Shenzhen has become a "supercharging city," with 1,057 supercharging stations and over 487,000 charging piles, surpassing the number of gas stations and pumps [2]. Renewable Energy Integration - The "14th Five-Year Plan" period is noted as the fastest for green and low-carbon transformation, with renewable energy generation capacity increasing from 40% to around 60% [3]. - Wind and solar power generation has seen significant growth, with the share of wind and solar in total electricity consumption rising from 9.7% in 2020 to an expected 18.6% by 2024 [3]. - All new electricity consumption in the first half of this year has been sourced from renewable energy [3]. Traditional Energy Sector Adaptation - Coal-fired power generation is undergoing rapid low-emission upgrades, with 95% of coal power units achieving ultra-low emissions [4]. - The comprehensive utilization rate of coal gangue is projected to increase by 3.1 percentage points by 2024 compared to 2020 [4]. - China has set ambitious new targets for 2035, aiming for non-fossil energy to account for over 30% of total energy consumption and for wind and solar power capacity to reach six times that of 2020 [4].

Group 1: CCER Methodology and Renewable Energy Regulations - The Ministry of Ecology and Environment released six new methodologies for CCER, bringing the total to 19, focusing on diverse areas such as building energy efficiency and agricultural waste treatment [2] - The new regulations on renewable energy consumption expand the assessment from electricity to non-electric sectors like heating and hydrogen production, creating clear market demand for related industries [3] Group 2: Renewable Energy Development and Carbon Market - China's renewable energy installed capacity is projected to account for 86% of the country's new power generation capacity in 2024, indicating a significant shift towards clean energy [4][5] - The national carbon market has achieved a milestone with over 1 trillion yuan in cleared transactions and a trading volume of 732 million tons, reflecting its effectiveness in promoting emissions reduction [8] Group 3: International Climate Cooperation and Corporate Sustainability - Despite the U.S. withdrawal from the Paris Agreement, major economies like China and the EU continue to uphold their emission reduction commitments, indicating a resilient international climate governance framework [6] - The launch of the "2025 Corporate Sustainable Brand Xi'an Initiative" emphasizes the importance of integrating sustainability into brand strategy, highlighting the growing significance of ESG standards in corporate competitiveness [10][11]

Core Viewpoint - The global photovoltaic (PV) industry is transitioning from a phase of rapid growth to a stage of rational development, with a projected global PV installation capacity of approximately 3.68 terawatts from 2025 to 2030, which is a downward adjustment of 5% from previous forecasts [1][3]. Market Dynamics - The International Energy Agency (IEA) has revised its forecast for global renewable energy generation capacity, indicating a reduction of about 248 gigawatts, with PV installations accounting for nearly 70% of this decrease [5]. - In the U.S., the forecast for PV capacity is expected to decline by over 140 gigawatts due to changes in tax incentives for residential solar systems, which have dampened installation enthusiasm [5]. - Issues such as insufficient grid capacity and complex approval processes continue to hinder PV project deployment in various regions [5]. Regional Insights - In contrast to the U.S., the European PV market is showing more resilience, with countries like Germany, Spain, Italy, and Poland expected to drive continued growth through renewable energy project auctions [6]. - The European PV industry is anticipated to maintain high demand levels due to declining costs, advancements in storage technology, and rising residential electricity prices [6]. Demand Resilience - Despite the IEA's downward revision, the fundamental demand for PV remains strong, with projections indicating that by 2030, renewable energy will account for 43% of global electricity generation, with solar PV surpassing hydropower as the leading renewable source [8]. - The global electricity demand is expected to grow at an average rate of 3.9% annually from 2025 to 2027, with renewable energy meeting 95% of this growth, half of which will come from solar PV [8]. Emerging Markets - Emerging markets in the Middle East, North Africa, and Southeast Asia are becoming new growth hubs for global PV, driven by the need to address fossil fuel price volatility and electricity shortages [9]. - Countries like Saudi Arabia and Pakistan are accelerating national PV projects, contributing to rapid increases in renewable energy capacity [9]. Industry Evolution - The PV industry is shifting from a focus on installation volume to enhancing system efficiency, grid integration, and storage capabilities [10]. - The IEA emphasizes the need for simultaneous upgrades in grid infrastructure, storage expansion, and flexible dispatch mechanisms to fully realize PV potential [12]. Policy and Future Outlook - The IEA highlights the importance of stable and transparent policy frameworks to boost confidence in the PV sector, as fluctuations in U.S. policies and inconsistent execution within the EU impact development [13]. - The future of the PV industry will involve deeper integration with storage, grid, and hydrogen technologies, aiming to create a more secure, stable, and efficient energy system [13].

Core Viewpoint - The "Beijing Wind Energy Declaration 2.0" emphasizes the importance of wind energy in achieving climate goals and energy security, highlighting the potential for significant wind power development in China and globally [1][2]. Summary by Sections Wind Energy Development Potential - China has abundant wind energy resources, with over 75 billion kilowatts of economically viable onshore wind energy in the "Three North" regions and over 27 billion kilowatts of offshore wind energy within 300 kilometers, indicating a strong potential for large-scale commercial development [1][3]. Economic and Market Competitiveness - Wind energy is recognized as the most competitive power source, essential for energy transition and climate goal achievement, with a long industrial chain that can stimulate upstream and downstream industries [2][3]. Policy and Planning Initiatives - The declaration calls for the establishment of industry plans aligned with climate goals, aiming for a cumulative wind power capacity of 1.3 billion kilowatts by 2030 and 2 billion kilowatts by 2035 in China, with annual new installations of at least 12 million kilowatts during the 14th Five-Year Plan [3][4]. Innovation and Technology Development - Emphasis is placed on enhancing the innovation ecosystem through collaboration among government, industry, academia, and research institutions, focusing on key technologies and accelerating the transformation of research outcomes into practical applications [4][5]. Integrated Development and International Cooperation - The declaration advocates for integrated development of wind energy with other sectors, promoting policies for green hydrogen and zero-carbon parks, while also stressing the need for international cooperation to eliminate trade barriers and foster a resilient global supply chain [5].