Core Viewpoint - The "15th Five-Year Plan" emphasizes the acceleration of building a new energy system, focusing on non-fossil energy as the main supply, which is crucial for achieving carbon neutrality and ensuring national energy security [1][2]. Group 1: Energy Transition - During the "14th Five-Year Plan" period, China's energy transition accelerated, with one-third of electricity consumption coming from green energy, and the proportion of non-fossil energy in total energy consumption increasing by 1 percentage point annually while coal's share decreased by the same amount [1]. - The importance of increasing the share of non-fossil energy consumption is highlighted in response to climate change and geopolitical risks, necessitating a rapid transition to a new energy system [1]. Group 2: New Energy System Development - The new energy system will see a shift in the power generation structure, with traditional coal power transitioning to a regulatory role, while renewable energy sources will become the primary supply [2]. - By the end of the "15th Five-Year Plan," most new electricity demand will be met by new clean energy generation, indicating a significant shift towards greener energy consumption [2]. - The construction of a new power system is essential for supporting the generation, transmission, and consumption of green electricity, which is more urgent and challenging compared to the previous five-year plan [2].

Core Viewpoint - The report emphasizes the importance of advancing carbon peak and carbon neutrality goals, suggesting the implementation of a dual control system for total carbon emissions and intensity, alongside various policies to enhance energy efficiency and carbon reduction [1][3][4]. Group 1: Carbon Emission Control - The report advocates for a dual control system for carbon emissions, focusing on both total emissions and intensity [1][3]. - It highlights the need for deep implementation of energy-saving and carbon reduction transformations, particularly in high-energy-consuming industries such as steel, cement, and chemicals [3][4]. - The establishment of a comprehensive carbon emission statistical accounting system is recommended, along with local carbon assessments and industry carbon management [1][3]. Group 2: New Energy System Development - The report calls for an increase in the proportion of renewable energy supply and a systematic transition from fossil fuels to cleaner energy sources [4]. - It emphasizes the construction of a new power system that integrates various energy sources, including wind, solar, and nuclear [4]. - The development of energy storage systems and smart grids is highlighted as crucial for enhancing the resilience and efficiency of the power system [4]. Group 3: Market Regulation and Competition - The report stresses the need to eliminate barriers to the establishment of a unified national market, addressing issues of local protectionism and market segmentation [5]. - It advocates for comprehensive regulation to combat "involution" competition, promoting a healthy market order [5]. - The ongoing efforts to regulate the market are expected to benefit industries such as solar and lithium batteries by facilitating supply-side reforms [5]. Group 4: Future Industry Trends - The report identifies hydrogen energy and nuclear fusion as potential new growth points for the economy, with a focus on green hydrogen production and safety in storage and transportation [5]. - It suggests that advancements in nuclear fusion technology could support future infrastructure developments, including AI and quantum technology [5]. - The report anticipates significant market opportunities in new materials and high-end equipment driven by these emerging industries [5]. Group 5: Investment Strategy - The report outlines four main investment themes: energy infrastructure upgrades, energy-saving and carbon reduction initiatives, anti-involution measures, and forward-looking industries [6]. - It highlights the rapid development potential of energy storage as a key component of the new power system [6]. - The report suggests that traditional industry energy-saving transformations will benefit related service providers and technology equipment manufacturers [6].

Core Points - The new Nationally Determined Contribution (NDC) targets for China are summarized as "1+3+3," combining qualitative and quantitative goals, focusing on absolute emission reductions and systematic objectives in key areas and important systems [1][2][3] Group 1: Quantitative Goals - The first quantitative target is a reduction of greenhouse gas emissions by 7%-10% from peak levels by 2035, which translates to a decrease of over 1 billion tons of CO2 equivalent, showcasing unprecedented ambition [2] - The first "3" includes three quantitative indicators for 2030: non-fossil energy consumption to exceed 30% of total energy consumption, wind and solar power capacity to reach over 360 million kilowatts (6 times the 2020 level), and forest stock to exceed 24 billion cubic meters [2] Group 2: Qualitative Goals - The second "3" introduces three qualitative indicators: new energy vehicles to become mainstream in new vehicle sales, the national carbon trading market to cover major high-emission industries, and the establishment of a climate-resilient society by 2035, with the carbon market expected to cover 80% of total emissions [2][3] - The inclusion of adaptation measures in the NDC reflects China's commitment to balancing mitigation and adaptation in climate change efforts [2] Group 3: Non-CO2 Emission Control - The NDC also marks the first time that non-CO2 greenhouse gases such as methane, nitrous oxide, and fluorinated gases are included in total emissions control, indicating a comprehensive approach to emission reduction [4][5] - The Ministry of Ecology and Environment has initiated a methane emission control action plan, with progress in key sectors like energy, agriculture, and waste management, including improved utilization of coal mine gas and livestock waste [4] Group 4: Future Directions - Future efforts will focus on enhancing the resource utilization of non-CO2 greenhouse gases and implementing existing control plans, while promoting carbon reduction, pollution reduction, and green growth [5]

（原标题："龙岗范式" 碳寻新未来） 21世纪经济报道记者 林典驰 深圳报道 10月28日，2025碳达峰碳中和论坛暨深圳国家低碳城论坛开幕，聚焦新市政、绿色低碳、AI领域百家 企业的137款产品，"碳寻新未来——2025深圳国际低碳城龙岗场景展"同期在深圳国际低碳城举行。 展 会全景式呈现深圳在绿色低碳高质量发展道路上的技术积累、创新实践和宏大愿景，全方位展示在"场 景如何赋能、生态如何集聚"这一产业命题上的"龙岗思考"与"龙岗范式"。 ...

Core Viewpoint - The 2025 Carbon Peak and Carbon Neutrality Forum and the Shenzhen National Low Carbon City Forum opened in Shenzhen, focusing on green technology and the goal of carbon peak by 2030 [1] Group 1: Event Overview - The "Bay Area T Stage Longgang New Star" event was held as part of the forum, themed "Green Movement in Autumn," emphasizing the importance of green technology [1] - The Bay Area T Stage serves as a platform for showcasing technological innovations from the Greater Bay Area [1] Group 2: Participation and Innovation - A total of 29 innovative products from 26 companies in the Greater Bay Area were presented at the event [1] - The participating companies included local startups from Futian and Nanshan districts, as well as emerging firms from the Hong Kong Science Park [1] - The expansion of the Bay Area T Stage's participant network reflects the collaborative and inclusive nature of the Greater Bay Area's technological ecosystem [1]

Core Viewpoint - The article emphasizes the importance of the 15th Five-Year Plan in achieving socialist modernization, focusing on high-quality development, energy transition, and enhancing national security while addressing domestic and international challenges [4][6][7]. Group 1: Energy Transition and Carbon Neutrality - The plan aims to accelerate the construction of a new energy system, increasing the share of renewable energy and promoting the clean and efficient use of fossil fuels [2][3]. - It includes measures for carbon peak and carbon neutrality, implementing dual control of total carbon emissions and intensity, and developing a national carbon trading market [2][3]. Group 2: Economic Development Goals - The 15th Five-Year Plan sets high-quality development as a significant goal, aiming for stable economic growth, improved productivity, and enhanced domestic demand [13][14]. - It emphasizes the importance of technological self-reliance and innovation, aiming to significantly improve the national innovation system and enhance core technologies [13][14]. Group 3: Modernization of Industry - The plan focuses on building a modern industrial system, prioritizing the development of advanced manufacturing and the optimization of traditional industries [16][17]. - It aims to foster emerging industries and future industries, including new energy, aerospace, and digital economy sectors [17][18]. Group 4: Infrastructure Development - The plan outlines the need for a modern infrastructure system, emphasizing the integration of new and traditional infrastructure, including digital and energy infrastructure [18][19]. Group 5: Domestic Market Expansion - The strategy includes measures to strengthen the domestic market, focusing on boosting consumption and effective investment to drive economic growth [24][25]. - It aims to eliminate barriers to a unified national market, enhancing market efficiency and competition [26]. Group 6: High-Level Opening Up - The plan advocates for expanding high-level opening up, promoting trade and investment cooperation, and enhancing the international competitiveness of Chinese enterprises [30][31]. - It emphasizes the importance of building a robust international trade network and improving the global economic governance system [30][31]. Group 7: Agricultural Modernization - The plan prioritizes agricultural modernization, aiming to enhance agricultural productivity and quality while ensuring food security [33][34]. - It focuses on rural revitalization, improving living conditions in rural areas, and promoting the integration of urban and rural development [34][35]. Group 8: Cultural Development - The plan highlights the importance of cultural innovation and development, aiming to enhance the influence of Chinese culture and promote cultural industries [39][40]. - It emphasizes the need for a robust cultural ecosystem and the promotion of cultural heritage [40][41]. Group 9: Social Welfare and Common Prosperity - The plan aims to improve social welfare, focusing on employment, income distribution, and enhancing the quality of life for all citizens [42][43]. - It emphasizes the importance of achieving common prosperity through equitable income distribution and support for low-income groups [43].

Core Viewpoint - The article emphasizes the establishment of a clean, low-carbon, safe, and efficient new energy system as part of China's 15th Five-Year Plan, aiming for significant advancements in green development and ecological sustainability [2][3][8]. Energy Deployment - The 15th Five-Year Plan aims to achieve a significant reduction in major pollutant emissions and stabilize ecosystem diversity while establishing a new energy system [3]. - The plan includes a focus on increasing the proportion of renewable energy supply and ensuring a reliable transition from fossil fuels [8]. Modern Industrial System - The strategy involves nurturing emerging and future industries, particularly in sectors like new energy, aerospace, and low-altitude economy [4]. - It promotes innovation in technology and products, aiming for large-scale application of new technologies and products [4]. Infrastructure Development - The plan calls for a modernized infrastructure system that enhances safety, resilience, and sustainability, including the construction of new energy infrastructure [5]. - It emphasizes the integration of traditional and new infrastructure, particularly in communication networks and transportation systems [5]. International Cooperation - The strategy includes high-level openness and cooperation under the Belt and Road Initiative, focusing on infrastructure connectivity and collaborative projects [6]. Regional Economic Layout - The plan aims to optimize regional economic structures and promote coordinated development, particularly in marine economy and technology innovation [7]. Green Transformation - A comprehensive green transformation of the economy and society is prioritized, with a focus on carbon peak and neutrality goals [8][9]. - The strategy includes enhancing the utilization of clean energy and improving energy consumption efficiency [9]. National Security - The plan highlights the modernization of the national security system, ensuring the safety of critical resources and infrastructure [10].

Group 1 - The A-share photovoltaic sector is experiencing significant gains, with companies like Canadian Solar hitting the 20% limit up, and Longi Green Energy and Hongyuan Green Energy rising over 9% [1] - Policy signals are increasingly positive, with China International Capital Corporation noting that meetings have clarified the acceleration of carbon peak and carbon neutrality goals, alongside local supportive measures in places like Henan, which are expected to boost domestic energy storage demand and subsequently drive photovoltaic installation demand [1] - As of October 29, 2025, the CSI Photovoltaic Industry Index (931151) has surged by 6.85%, with key stocks such as Canadian Solar up 19.97% and Sungrow Power Supply up 11.83% [1] Group 2 - As of September 30, 2025, the top ten weighted stocks in the CSI Photovoltaic Industry Index (931151) include Sungrow Power Supply, Longi Green Energy, and TBEA, collectively accounting for 58.02% of the index [2]

Core Viewpoint - The article emphasizes that the "15th Five-Year Plan" period is a critical window for China to achieve its carbon peak by 2030, focusing on a comprehensive green transformation of economic and social development [1]. Energy Transition - The "15th Five-Year Plan" highlights "green development" as a key aspect of Chinese modernization, aiming to achieve carbon peak and carbon neutrality through coordinated efforts in reducing carbon emissions, pollution, and promoting green growth [1][3]. - The plan calls for the construction of a new energy system, increasing the share of renewable energy, and ensuring a reliable and orderly transition from fossil fuels [1][2]. Renewable Energy Development - The plan stresses the importance of a multi-energy approach, including wind, solar, hydro, and nuclear energy, to promote high-quality development of clean energy [2]. - It aims for the majority of new electricity demand by the end of the "15th Five-Year Plan" to be met by new clean energy generation [3]. Carbon Emission Control - The transition from energy consumption control to carbon emission control is highlighted, with a focus on implementing a carbon emission total and intensity control system [4]. - The plan includes specific targets for energy conservation and carbon reduction, aiming to peak coal and oil consumption [4]. Green Industry Growth - The green low-carbon industry is projected to grow significantly, with estimates suggesting a doubling of its scale to approximately 22 trillion yuan in the next five years [6]. - The plan aims to establish around 100 national-level zero-carbon parks, providing substantial growth opportunities for the green low-carbon industry [6]. Circular Economy and Resource Management - The plan emphasizes the importance of resource management and promoting a circular economy, including improving waste classification and resource utilization [6]. - It aims to enhance the green consumption incentive mechanism and promote low-carbon lifestyles [6].

Group 1 - The carbon trading forum held in Shenzhen focuses on market-oriented approaches to carbon emission rights trading and green development opportunities [1] - A strategic cooperation agreement was signed between Shenzhen Ecological Environment Bureau and the National Petroleum and Natural Gas Pipeline Group's research institute to enhance methane emission control in the oil and gas sector [1] - Shenzhen Ecological Environment Bureau released two trial methodologies for carbon benefits related to second-hand electronic products and carpooling, promoting quantifiable and tradable green living [1] Group 2 - Shenzhen Green Exchange signed a green technology trading cooperation agreement with Green Technology (Shanghai) and the Belt and Road Environmental Technology Exchange and Transfer Center [2] - Over 20 green technology projects from Shenzhen Energy have been registered, establishing an efficient platform for technology supply and demand [2]