Core Insights - The Sichuan Provincial Natural Resources Department announced significant progress in ecological protection and restoration projects, including the completion of 232,500 hectares of integrated protection and restoration in the Yellow River upstream region and 1,083.17 hectares of ecological restoration in the Giant Panda National Park [1][2] Group 1: Ecological Restoration Achievements - The ecological restoration projects have led to a notable increase in water source conservation capacity, with the sediment concentration in the Yellow River in Aba Prefecture decreasing from 1.4 kg/m³ to 0.3 kg/m³ [1] - Biodiversity maintenance has improved, with populations of rare wildlife such as the black-necked crane and white-tailed eagle continuing to expand [1] - Environmental quality has enhanced, with Aba Prefecture ranking first in the province and among the top five nationally for air quality, and all 28 monitored water quality sections meeting Class II standards or above [1] Group 2: Economic and Social Benefits - The ecological restoration has led to the optimization of agricultural industry structures, boosting livestock and labor income, with per capita disposable income for farmers and herders reaching 19,448 yuan, a 7% year-on-year increase [2] - Public satisfaction regarding ecological civilization construction has exceeded 95%, with ecological compensation totaling 291 million yuan and ecological public welfare job subsidies amounting to 149 million yuan [2] - The ecological value has been effectively converted, accelerating the development of photovoltaic, cultural tourism, and ecological industries [2] Group 3: Mining Ecological Restoration - A total of 103 abandoned mines have been restored, and 56 geological hazard points have been eliminated [2] - The restoration projects are designed based on three types of mines (marble, granite, and asbestos) and are structured across national, regional, and local levels, focusing on ecological, safety, and landscape dimensions [2] Group 4: Strategic Importance of Sichuan - Sichuan is positioned as a crucial ecological barrier in the Qinghai-Tibet Plateau and the Loess Plateau, serving as an important water source for both the Yangtze and Yellow Rivers, thus playing a vital role in the national ecological security strategy [4] - The province has consistently emphasized its "upstream awareness" and responsibility, focusing on implementing major ecological protection and restoration projects [4]

记者 黄勇娣 眼下正是春花烂漫的季节。最近，一些乘坐地铁五号线上班的市民发现，从莘庄站出发乘坐三四站 后，就有一大片金黄色的油菜花田闯入视野，与前后鳞次栉比的高楼、厂房等形成鲜明对比……这片城 市里的花海，位于沪闵路银春路路口，占地100多亩。来过的市民记得，去年秋天，这里种的是一大片 向日葵，共种植了25万株，旁边还有七彩百日草和格桑花花海，盛放时，连绵起伏，娇艳多彩。那时， 就吸引不少人前来观赏游玩、摄影创作。 "几年前，这里还是脏乱差的城中村，集聚了大量外来人口。我每天开车经过都很堵，还记得满眼 是破旧拥挤的老住宅和老集市。没想到，现在变得这么漂亮。"在附近工作的市民徐女士感慨。原来， 这里属于颛桥镇中心村的地界，后由闵行区政府和上海地产集团2021年开始合作开发"城中村"改造项 目。 不过，值得关注的是，中心村这个"城中村"改造项目，并不是简单的房地产开发，而是在维持生态 大前提的基础上，营造集生态居住、文旅休闲、农作体验、科普教育、配套服务于一体的复合型都市生 态休闲走廊，力争成为城乡一体化发展与生态文明建设的示范。于是，这里成了全市唯一一个带有农业 用地的"城中村"改造项目。 据悉，在中心村300 ...

Core Viewpoint - The ESG rating system in China has evolved from its infancy to maturity, becoming a core tool for driving the green transformation of the economy, influenced by both policy guidance and market forces [1][3]. ESG as a Key Factor in Credit Rating - Companies are increasingly focusing on ESG performance, with green bonds being a significant method for implementing ESG principles and reducing financing costs. In 2024, domestic companies issued 639 green bonds totaling 681.433 billion yuan, and 84 sustainable development-linked bonds totaling approximately 52.13 billion yuan, representing year-on-year growth of 42% and about 30% respectively [1][2]. Challenges Facing ESG Ratings - The ESG rating system faces challenges such as mismatched data quality and rating demands. Despite improvements in ESG information disclosure, there is still a predominance of qualitative descriptions over quantitative data, leading to issues with data transparency and accuracy [3][4][7]. Recommendations for ESG Rating System - To build an ESG rating system that aligns with China's national conditions, several key areas need focus: - Integrating national strategies into core ESG indicators, including unique metrics for rural revitalization and common prosperity [5]. - Highlighting industry characteristics by developing differentiated evaluation models for strategic emerging industries [5]. - Strengthening data governance by establishing a cross-departmental ESG data sharing platform and utilizing technologies like AI and blockchain for data integrity [5]. - Enhancing the value discovery and risk management functions of the ESG rating system, linking ESG ratings to financing costs and developing dynamic risk warning systems [5]. - Incorporating into the global ESG governance framework to facilitate the two-way opening of China's capital market [5]. Importance of ESG Ratings for Companies - ESG ratings serve as a "barometer" for corporate value and sustainable operations, reflecting the quality of corporate development. Companies are encouraged to integrate ESG principles into their strategic planning and establish robust data governance frameworks using advanced technologies [6].

会议强调，要深入学习贯彻习近平总书记在会见国际工商界代表时的重要讲话精神，坚定不移推进 高水平对外开放，持续加大海外招商引智力度，坚决扛起"经济大市挑大梁、省会城市当头雁"的责任担 当，为全国全省开放大局多作贡献。要统筹抓好开放基础设施"硬件"和服务环境"软件"，稳步扩大规 则、规制、管理、标准等制度型开放，纵深推进全球数贸港核心区、数字自贸区等重大开放平台建设， 加快建设高能级开放强市。要持续打造市场化、法治化、国际化一流营商环境，更好服务、保障、支持 外资外贸企业在杭发展，进一步打响"幸会杭州"投资创业品牌。 会议强调，要深入学习贯彻习近平总书记在参加首都义务植树活动时的重要讲话精神，以"绿水青 山就是金山银山"理念提出20周年为新起点，坚定不移打"生态牌"、走"绿色路"，高质量建设"森林杭 州"，积极探路"生态共富"新模式，推动形成全社会参与植绿、护绿、爱绿的强大合力，不断擦亮新时 代美丽杭州的生态底色。 4月12日下午，市委常委会召开会议，传达学习习近平总书记近期重要讲话精神，研究我市贯彻落 实工作。 市委副书记、市长姚高员主持会议并讲话。 会议指出，要深入学习贯彻习近平总书记在中共中央政治局会议审议 ...

大千生态环境集团股份有限公司 关于2024年度业绩暨现金分红说明会召开情况的公告 登录新浪财经APP 搜索【信披】查看更多考评等级 证券代码：603955 证券简称：大千生态 公告编号：2025-018 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述或者重大遗漏，并对其内容 的真实性、准确性和完整性承担个别及连带责任。 为进一步加强与投资者的交流沟通，大千生态环境集团股份有限公司于2025年4月10日（星期四）下午 14:00-15:00通过上海证券交易所上证路演中心（网址：http://roadshow.sseinfo.com/）平台以网络文字互 动方式召开了2024年度业绩暨现金分红说明会，现将有关情况公告如下： 一、本次业绩暨现金分红说明会召开情况 公司于2025年3月27日在上海证券交易所网站发布了《大千生态关于召开2024年度业绩暨现金分红说明 会的公告》（2025-015），并通过上证路演中心网站"提问预征集"栏目和邮件等方式提前征集投资者所 关注的问题。 2025年4月10日下午14:00-15:00公司总经理丁燚先生、独立董事贺伊琦女士、董事会秘书蒋琨女士、财 务总监朱卫华 ...

Core Insights - The report by IRENA indicates that over 90% of the world's new electricity in 2024 will come from renewable energy, with China being the leading contributor [1][8] - China has made significant strides in ecological civilization, viewing it as essential for sustainable development, and has invested heavily in green energy [1][8] Renewable Energy Capacity - By the end of 2024, China's total installed renewable energy capacity will reach 1.45 billion kilowatts, accounting for over 50% of the national power generation capacity, surpassing fossil fuels [3] - Currently, 40% of China's electricity comes from clean energy, significantly higher than the global average [3] Energy Transmission and Storage - China has established the world's largest clean power generation and transmission network, enabling efficient electricity transmission over long distances [3] - Innovative energy storage solutions, such as the gravity energy storage project in Jiangsu, demonstrate advancements in addressing the intermittency of renewable energy [3] Industrial Upgrades - In 2024, over 300 billion yuan in special government bonds will be allocated for green transformation, driving a 15.7% year-on-year increase in investment in equipment and tools [5] - The vehicle replacement policy has led to over 6.8 million cars being updated, with the penetration rate of new energy vehicles exceeding 50% for seven consecutive months [5] Ecological Restoration - China has exceeded its land greening targets in 2024, rehabilitating 3.683 million acres of desertified land and achieving "zero growth" in land degradation [6] - The completion of a 3,000-kilometer green protective belt around the Taklamakan Desert has effectively curbed desert expansion and improved local ecological conditions [6] Global Cooperation in Green Energy - China has become the largest producer and user of new energy equipment globally, contributing significantly to the reduction in the cost of wind and solar power [8] - The IEA predicts that 60% of the global renewable energy capacity added from now until 2030 will come from China, highlighting its leading role in the global energy transition [8]

党的二十届三中全会提出"推动重要流域构建上下游贯通一体的生态环境治理体系"。作为河湖治理的重 要制度创新，河长制自2016年全面推行以来成效显著。当前，河长制已进入深化发展阶段，需要从突击 整治转向长效治理，从关注工程建设转向更加注重精细管理。在这一过程中，充分发挥民间河长的补充 作用具有重要意义。笔者结合各地实践经验，就如何完善民间河长机制提出建议。 四是完善制度保障。民间河长多为兼职，有可能缺乏必备的业务素质及持久的投入动力，参与巡河或其 他治水公益活动的时间及频次也难以保障。为确保民间河长持续有效参与，需要建立完善的制度体系。 要制定民间河长管理办法，规范准入、培训和考核机制，引导其认真履职，提升专业性，增强责任感； 建立行政河长与民间河长的定期沟通机制，交流心得体会，分享经验教训；完善问题处理反馈机制，提 升民间河长的参与效能；建立健全激励表彰机制，通过物质奖励和精神鼓励相结合的方式，增强民间河 长的获得感和荣誉感。通过一系列制度安排，为民间河长参与治水提供有力保障。 作者单位：中国矿业大学 一是健全组织体系。随着生态文明建设深入推进，公众参与生态环境保护的意愿日益增强。水环境质量 与民生息息相关，更 ...

Core Viewpoint - Lishui is actively pursuing high-level ecological civilization construction and high-quality green development, aiming to create a "Lishui model" for beautiful China construction, guided by the principle that "lucid waters and lush mountains are invaluable assets" [1] Group 1: Ecological Protection and Governance - Lishui is a core area of the Yangtze River Delta ecological security barrier and has implemented a series of ecological governance reforms, establishing a comprehensive ecological environment regulatory framework with nearly 40 policy documents [2] - The city has significantly improved its ecological environment quality, ranking ninth in air quality and fourth in water quality among 168 key cities in China by 2024 [2] Group 2: Ecological Restoration and Innovative Projects - Lishui has initiated integrated protection and restoration projects in the Oujiang River source area, with notable projects recognized by international organizations, such as the "United Nations Decade on Ecosystem Restoration" [3] - The city is transforming abandoned mining sites into cultural tourism attractions, promoting a sustainable development model [3] Group 3: Economic Development and Ecological Integration - Lishui has developed a unique high-quality green development path by integrating ecological products into the economy, focusing on industries like ecological agriculture, health medicine, and cultural tourism [4] - The city aims to create a hundred-billion-level characteristic industrial cluster by enhancing the value chain of its advantageous industries [4] Group 4: Green Initiatives and Community Engagement - Lishui promotes green consumption and lifestyle choices, implementing initiatives like "waste-free cities" and exploring various ecological development paths [5] - The city is enhancing its cultural influence through international events and promoting eco-friendly tourism and agricultural practices [5] Group 5: Biodiversity and Environmental Monitoring - Lishui is establishing a comprehensive biodiversity monitoring system and has been recognized as a "charming city" by the United Nations for its biodiversity efforts [8] - The city plans to further develop its biodiversity index evaluation system and enhance protective measures for ecosystems [8] Group 6: Future Directions and Goals - Lishui will continue to deepen ecological civilization reforms, advance the construction of beautiful gardens, and enhance the ecological economy to contribute to the broader goals of beautiful China [8]

来源|中国证券报 更加积极的财政政策有何内涵？财政部网站3月24日发布的2024年中国财政政策执行情况报告显示，2025年财政政策要更加积极，持续用力、更加给力。 具体体现在五个方面：一是提高财政赤字率，加大支出强度、加快支出进度；二是安排更大规模政府债券，为稳增长、调结构提供更多支撑；三是大力优 化支出结构、强化精准投放，更加注重惠民生、促消费、增后劲；四是持续用力防范化解重点领域风险，促进财政平稳运行、可持续发展；五是进一步增 加对地方转移支付，增强地方财力、兜牢"三保"底线。 落实落细一揽子化债政策，坚决遏制新增隐性债务 报告明确，重点做好以下工作： 要点速览： 图：财政部网站 加大民生保障力度，多渠道增加居民收入 适当提高退休人员基本养老金，提高城乡居民基础养老金和城乡居民基本医疗保险财政补助标准等 加大中央本级科技投入，全力支持关键核心技术攻关 统筹用好化债支持政策，支持地方加快偿还政府拖欠企业账款 支持全方位扩大国内需求。 大力提振消费。加大民生保障力度，多渠道增加居民收入。推进实施提振消费专项行动，加大消费品以旧换新支持力度。适当 提高退休人员基本养老金，提高城乡居民基础养老金和城乡居民基本医疗 ...

Investment Rating - The report maintains an "Overweight" rating for the public utility industry, expecting the industry index to outperform the market index by over 10% in the next six months [33]. Core Insights - The public utility index increased by 0.4% in the last two weeks, outperforming the CSI 300 index by 1.8 percentage points, ranking 14th among 31 Shenwan industries. Year-to-date, the index has decreased by 5.0%, underperforming the CSI 300 index by 4.4 percentage points, ranking 29th [11]. - Among the sub-sectors, six out of seven saw price increases, with the electric power comprehensive service sector rising by 2.3%, and the hydropower sector declining by 0.4% [11]. - The report highlights significant industry news, including the Ministry of Water Resources' issuance of work points for rural water conservancy and hydropower in 2025, emphasizing ecological safety and modernization of small hydropower [28]. Summary by Sections Market Review - As of March 13, the public utility index has shown a mixed performance, with 93 out of 132 listed companies experiencing stock price increases, while 38 companies saw declines [12][13]. - The report notes that the thermal service sector has increased by 4.8% year-to-date, while the hydropower sector has decreased by 8.3% [11]. Industry Valuation - The public utility sector's price-to-earnings (P/E) ratio is currently at 17.4 times, below the one-year average. The solar power sector has the highest P/E ratio at 83.5 times, while the thermal power sector has the lowest at 13.6 times [13][14]. Industry Data Tracking - The average price of Q6000 coal at the pit in Shaanxi Yulin is 614 RMB/ton, down 4.0% from the previous value. The average price of Q5500 coal at Qinhuangdao Port is 687 RMB/ton, down 4.9% [20]. Important Company Announcements - Recent announcements include New Tian Green Energy's approval for using perpetual medium-term notes to provide loans to its subsidiary, and the approval of various measures by Jiuzhou Group to support its subsidiaries [26]. Key Industry News - The report discusses the promotion of new energy consumption through the development of hydrogen energy in Chengdu, with a target growth of over 20% in the green hydrogen industry [27]. Industry Weekly Perspective - The report suggests focusing on companies like Xin'ao Co., Ltd. (600803), Jiufeng Energy (605090), and New Natural Gas (603393) due to their strong market positions and growth potential in the natural gas sector [28][29].