本次联合国气候变化大会将于本月10日至21日举行。此前，巴西曾于1992年联合国环境与发展大会期间 将首都临时迁至里约热内卢。 新华财经巴西贝伦11月4日电 巴西总统卢拉4日在巴西北部帕拉州首府贝伦签署法案，决定在11月11日 至21日期间将巴西首都由巴西利亚迁至贝伦，以配合即将在贝伦举行的《联合国气候变化框架公约》第 三十次缔约方大会（COP30）。 巴西政府4日发布公告说，贝伦作为临时首都期间，行政、立法和司法三大权力部门均可在此办公，总 统及部长签发的所有文件和指令均将签发地改为贝伦。 贝伦是亚马孙雨林地区重要的交通与经济枢纽。公告说，巴西希望通过临时迁都凸显亚马孙地区在全球 环境议程中的重要性，强调巴西应对气候变化的承诺。 （文章来源：新华社） ...

（文章来源：新华社） 贝伦是亚马孙雨林地区重要的交通与经济枢纽。公告说，巴西希望通过临时迁都凸显亚马孙地区在全球 环境议程中的重要性，强调巴西应对气候变化的承诺。 本次联合国气候变化大会将于本月10日至21日举行。此前，巴西曾于1992年联合国环境与发展大会期间 将首都临时迁至里约热内卢。 新华社巴西贝伦11月4日电（记者吴昊）巴西总统卢拉4日在巴西北部帕拉州首府贝伦签署法案，决定在 11月11日至21日期间将巴西首都由巴西利亚迁至贝伦，以配合即将在贝伦举行的《联合国气候变化框架 公约》第三十次缔约方大会（COP30）。 巴西政府4日发布公告说，贝伦作为临时首都期间，行政、立法和司法三大权力部门均可在此办公，总 统及部长签发的所有文件和指令均将签发地改为贝伦。 ...

Group 1: Climate Risks - Climate-related risks are categorized into transition risks and physical risks, impacting financial, compliance, and reputational aspects for companies[3] - Transition risks arise from changes in policies, laws, technologies, and consumer preferences aimed at addressing climate change[3] - Physical risks include acute events like extreme weather and long-term changes in climate patterns, affecting operational stability[3] Group 2: Climate Opportunities - Efforts to mitigate and adapt to climate change can create opportunities for businesses, including resource efficiency and market resilience[3] - Enhanced disclosure of climate-related risks and opportunities will provide necessary metrics for investors and stakeholders to analyze potential financial impacts[3] Group 3: Regulatory Framework - The Ministry of Finance and the Ministry of Ecology and Environment released a draft for the "Corporate Sustainable Disclosure Standards No. 1 - Climate" on April 30, 2025, establishing systematic disclosure requirements[3] - The TCFD framework emphasizes the financial impacts of climate-related issues through revenue, expenditure, assets, liabilities, and capital[3] Group 4: Global Emission Trends - From 1850 to 2019, the cumulative CO2 emissions reached approximately 2400±240 GtCO2, with over 58% occurring before 1990[12] - The remaining carbon budget to limit global warming to 1.5°C is estimated at 500 GtCO2, with a 50% probability of success[23] Group 5: International Agreements - The Paris Agreement aims to limit global temperature rise to well below 2°C, with 194 parties committed to its goals[28] - The TCFD was established by the Financial Stability Board in 2015 to provide guidance on climate-related financial disclosures, enhancing market stability[33]

Core Insights - The 30th United Nations Climate Change Conference (COP30) will be held in Brazil, showcasing China's efforts in addressing climate change through the release of the "China's Policy and Action on Climate Change 2025 Annual Report" [1] Group 1: Climate Change Mitigation Efforts - China has made significant progress in reducing carbon emissions, with non-fossil energy accounting for 19.8% of total energy consumption by 2024, and coal consumption decreasing from 67.4% in 2013 to 53.2% [1] - The report highlights the growth of the lithium battery and photovoltaic industries, with multiple indicators expected to achieve double-digit growth in 2024, and China maintaining its position as the world's largest producer of new energy vehicles for ten consecutive years [1][2] Group 2: Carbon Market Development - The national carbon market has entered a new phase, with a total trading volume of 728 million tons and a transaction value of 49.83 billion yuan as of September 2025, marking a historical high in trading volume for 2024 at 18.04 billion yuan [2][3] - The completion rate for carbon quota compliance reached a historical high, with 2,096 key emission units required to submit a total of 5.244 billion tons of quotas, and actual compliance at 5.243 billion tons [3] Group 3: Global Climate Cooperation - China has contributed to global energy and industrial green transformation, reducing wind and solar power costs by over 60% and 80% respectively, and creating 46% of global renewable energy jobs [3] - By the end of 2024, China has signed 54 climate change cooperation documents with 42 developing countries, implementing over 300 capacity-building projects and providing training for more than 10,000 individuals [3] Group 4: Commitment to International Climate Goals - China announced its 2035 national contribution targets at the recent UN climate summit, reflecting its commitment to the Paris Agreement and the need for a conducive international environment to achieve these goals [4] - The report outlines China's basic positions for COP30, emphasizing the importance of multilateral cooperation, adherence to the UN Framework Convention on Climate Change, and promoting global green and just transitions [4]

央视网消息（新闻联播）：《联合国气候变化框架公约》秘书处执行秘书西蒙·斯蒂尔3日发表书面声明 说，中国宣布新一轮国家自主贡献是全球共同应对气候变化努力中的重要时刻。斯蒂尔说，习近平主席 在不久前举行的联合国气候变化峰会上指出，绿色低碳转型是时代潮流，习主席的讲话令人感到鼓舞。 讲话精神在中国提交的国家自主贡献中得到充分体现。斯蒂尔说，中国的国家自主贡献将以前所未有的 规模提供清洁、可靠且价格合理的能源，并通过降低清洁技术成本和推动创新来加速能源转型。 ...

中国驻里约热内卢总领事田敏说，中国始终是应对气候变化南南合作的积极倡导者和务实实践者。希望 各城市互相借鉴、互通有无，找到适合自身的可持续发展之路。 本次对话由中国人民对外友好协会和C40城市气候领导联盟共同主办。活动当天举办了"城市气候合作 创造绿色发展机遇""区域协同创新、加速能源转型"和"生态韧性共建，深化气候适应性城市建设"3个专 题讨论。来自中国8个省市的代表同来自阿联酋、南非、希腊、巴西、阿根廷、摩洛哥等国城市的代表 进行交流。 本次对话在联合国气候变化框架下创立，旨在搭建中国城市与其他国家城市交流对话的平台，共享全球 经验，着眼全球未来，应对全球挑战。 全球城市可持续发展对话3日在巴西里约热内卢举行。来自全球近20座城市的代表围绕"汇聚南方智慧， 共创绿色未来"这一主题展开交流、分享经验。 中国人民对外友好协会副会长沈昕在开幕式致辞中说，应对气候变化需要各方团结协作，希望各方能够 以多边对话凝聚全球共识、以务实合作推动共同发展、以赋能青年共创世界未来，期待南方国家智慧照 亮全球绿色发展之路。 联合国秘书长气候行动特别顾问塞尔温·哈特表示，近年来，各国在应对气候变化方面取得积极进展， 但仍存在缺乏 ...

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 ...