（原标题：中央经济工作会议：制定能源强国建设规划纲要丨碳中和周报） 21世纪经济报道记者雷椰 李德尚玉 北京报道 碳中和周报关注"双碳"领域的最新前沿动态，包括碳中和政策、地方动态、企业实践等。我们将通过精 选每周碳中和领域的重大事件，并进行点评的方式，提供一个及时全面的碳中和信息平台。 21碳中和课题组快评：本次会议将"双碳"目标明确为引领性任务，凸显顶层设计在能源转型中的核心地 位。能源强国纲要的制定意味着新型能源体系建设将进入系统性推进阶段，更好应对国际能源格局的不 确定性。 2、两部门发文支持绿色工厂建设 12月12日，工信部、中国人民银行发布《关于用好绿色金融政策支持绿色工厂建设的通知》。其中指 出，重点支持国家绿色工厂采用中国人民银行等三部门《绿色金融支持项目目录（2025年版）》以及国 家有关部门政策规划、技术目录中载明的绿色低碳技术实施的投资项目，旨在提高企业能源低碳化、资 源高效化、生产洁净化、产品绿色化、用地集约化等绿色发展水平。 支持项目主要有三类：一是研发和产业化应用项目。重点支持传统产业绿色低碳重大工艺革新、"卡脖 子"技术、短板装备等攻关和产业化应用项目，以及绿色低碳产业新技术新产 ...

一图读懂丨2026年全国能源工作会议 相关阅读：2026年全国能源工作会议在京召开 t = = = t 能源安全新战略 引领能源高质量发展 取得新成效 千瓦 预计全年风电光伏新增装机约3.7 亿千瓦,利用率保持在94%以上, 风电光伏发电量约占全社会用电量 的22% 核发绿证约29亿个，交易规模超 7.5亿个 能源安全保障有力有效 保供成效是"十四五"以来最好的一年 全年原煤产量48亿吨以上,进口约 4.7亿吨,加快建设储备产能9000 万吨/年以上 全国发电总装机超过38亿千瓦、同 比增长14%,全社会用电量首超10 万亿 2025年油、气产量双创历史新高,原 油产量约2.15亿吨,天然气产量突 破2600亿立方米,连续9年增产超 百亿立方米 全国西电东送能力达到3.4亿千瓦, 长输油气管道里程达到20万公里 能源绿色低碳转型步伐加快 非化石能源消费比重 超额完成20%的目标任务 全年能源重点项目预计完成投资 3.54万亿元,同比增长11% 民营企业投资完成额同比增长15% 第一批风电光伏基地基本建成投产, 第二批、第三批建成投产约5000万 全国水电装机超过4.4亿千瓦,其 中抽水蓄能装机超过6400万千 ...

| 数据日期:2025-12-15 | 上证综指 | 深证成指沪深 | 300 指数 | 中小板综指 | 创业板综指 | 科创 50 | | --- | --- | --- | --- | --- | --- | --- | | 收盘指数（点） | 3867.92 | 13112.08 | 4552.05 | 13951.75 | 3811.58 | 1318.90 | | 涨跌幅度（%） | -0.55 | -1.10 | -0.63 | -0.69 | -1.38 | -2.22 | | 成交金额（亿元） | 7646.04 | 10088.34 | 4243.83 | 3406.62 | 4667.92 | 583.45 | $\frac{\pi\times6}{\pi\times6}$. (1998) (200) 证券研究报告 | 2025年12月16日 | 晨会纪要 | | --- | 宏观与策略 固定收益周报:转债市场周报-部分发行人展现较强转股意愿 固定收益周报:公募 REITs 周报（第 46 期）-指数震荡下行，产权类表现 更优 总量专题（首席经济学家团队）:投资增速回正靠 AI 和股市 行 ...

12月15日，2026年全国能源工作会议在北京召开。会议以习近平新时代中国特色社会主义思想为指导，全面贯彻党的二十大和二十届历次全会精 神，深刻领悟"两个确立"的决定性意义，增强"四个意识"、坚定"四个自信"、做到"两个维护"，认真落实中央经济工作会议部署、全国发展 和 改 革工作会议要求，总结2025年和"十四五"能源工作，部署2026年重点任务。国家发展改革委党组书记、主任郑栅洁出席会议并讲话，国家发展改 革委党组成员、国家能源局党组书记、局长王宏志作工作报告。 郑栅洁指出， 2025年，全国能源系统深入学习贯彻习近平总书记重要指示批示精神，高标准践行能源安全新战略， 能源工作取得新进展新成效， 有力支撑保障经济社会发展， "十四五"能源规划主要目标任务即将顺利完成。2026年，要深刻学习领会党中央决策部署，准确把握能源安全供 应、能源领域降碳、能源科技创新、能源制度体系变革等方面的新挑战新任务新要求，锚定2030年初步建成新型能源体系、推进能源强国建设的目 标任务， 平衡好经济发展与能源总量结构的关系，以能源强国建设支撑中国式现代化；平衡好能源总体规模与区域布局的关系，加强能源工作的系 统性协调性；平衡 ...

登录新浪财经APP 搜索【信披】查看更多考评等级 世界百年变局加速演进，科技革命与大国博弈相互交织，建设能源强国的底气何在？锚定2035年建设目 标，以能源强国建设托举中国式现代化的信心何来？ 答案，写在"十四五"的非凡实践中：2026年全国能源工作会议披露的数据显示，我国能源体量规模稳居 世界第一，非化石能源消费比重超额完成"十四五"目标任务，能源发展质量效益大幅跃升。 这份厚重提气的答卷深刻表明，我国能源事业实现历史性跃升，在从量变到质变的跨越中，不仅积蓄了 抵御风浪的雄厚硬实力，更锻造了面向未来、引领发展的战略主动权。 炒股就看金麒麟分析师研报，权威，专业，及时，全面，助您挖掘潜力主题机会！ 来源：中国电力报能源筑梦 强国扬帆 ——从四个维度看建设能源强国的底气和信心 2021—2025。 乘着新时代新征程的浩荡东风，中国能源事业以前所未有的姿态奔涌向前—— 四年前，习近平总书记首次提出"加快建设能源强国"的战略构想，犹如将一粒蕴含无限生机的种子，播 撒在中国能源事业的沃土之中。 四年后，"加快建设新型能源体系""建设能源强国"的宏伟目标正式写入"十五五"规划建议，矗立起引领 能源未来的清晰航标。 看供 ...

Investment Rating - The report suggests a positive outlook for the electric power equipment industry, indicating potential investment opportunities in sectors such as renewable energy, AI-driven technologies, and energy storage [4]. Core Insights - The Central Economic Work Conference highlighted the establishment of a national energy strategy, marking a shift from energy security to energy leadership, which is expected to drive growth in the energy sector [4]. - Key areas of focus include the promotion of new energy sources, green transformation, and the integration of AI technologies into energy systems [4]. - The report anticipates a recovery in profitability for wind, solar, and lithium battery sectors due to policy support aimed at reducing excessive competition [4]. - The demand for AI and energy-efficient technologies is expected to rise, with significant investments in infrastructure to support these advancements [4][5]. Summary by Sections Energy Strategy - The conference proposed a national energy strategy to enhance energy security and promote leadership in energy development, emphasizing the importance of renewable energy and green technologies [4]. Renewable Energy - The report forecasts an annual increase of 120 GW in new wind installations and 230-250 GW in solar installations by 2026, driven by domestic demand and supportive policies [4]. - The lithium battery sector is expected to see a resurgence in demand and profitability as market conditions stabilize [4]. AI and Infrastructure - The integration of AI in energy systems is projected to create high demand for advanced power distribution systems, with a shift towards high-voltage direct current (HVDC) technologies [4]. - The report highlights the need for modernized infrastructure to support the growing energy demands associated with AI applications [4]. Storage Solutions - The energy storage market is transitioning from policy-driven growth to market-driven profitability, with a projected compound annual growth rate of 30% during the 14th Five-Year Plan [5]. - The report identifies significant growth potential in both domestic and international energy storage markets, particularly in commercial and industrial sectors [5]. Innovation and Future Technologies - The report emphasizes the importance of innovation in driving future growth, particularly in areas such as embodied intelligence, hydrogen energy, and controlled nuclear fusion [5]. - The development of hydrogen energy is being accelerated by government policies, with a focus on green hydrogen and ammonia production [5].

Investment Rating - The report maintains an "Overweight" rating for the utility sector [1] Core Insights - The Central Economic Work Conference has elevated the status of dual carbon goals and the construction of an energy powerhouse, emphasizing the need for comprehensive green transformation and energy system upgrades [4] - Key industry data shows a stable increase in electricity consumption and generation, with a notable rise in renewable energy capacity [4][13][21] Industry Data Summary Electricity Consumption - Total electricity consumption from January to October 2025 reached 8.62 trillion kWh, a year-on-year increase of 5.1%, with growth rates for various sectors: primary industry +10.5%, secondary industry +3.7%, tertiary industry +8.4%, and urban-rural residential +6.9% [13][14] Power Generation - Cumulative power generation from January to October 2025 was 8.06 trillion kWh, reflecting a year-on-year increase of 2.3%. The breakdown includes: thermal power -0.4%, hydropower +1.6%, nuclear power +8.7%, wind power +7.6%, and solar power +23.2% [21][22] Electricity Prices - The average electricity purchase price in November 2025 was 401 RMB/MWh, down 2% year-on-year but up 2.8% month-on-month [36][41] Coal Prices - As of December 12, 2025, the price of thermal coal at Qinhuangdao port was 745 RMB/ton, a decrease of 6.17% year-on-year and 5.10% week-on-week [44][47] Hydropower Conditions - As of December 12, 2025, the water level at the Three Gorges Reservoir was 172.03 meters, with inflow and outflow rates showing a year-on-year decrease of 7.7% and 7.56%, respectively [52][58] Installed Capacity - New installed capacity from January to September 2025 included: thermal power +5,668 MW (up 69.5%), hydropower +716 MW (down 10.1%), nuclear power +153 MW, wind power +6,109 MW (up 56.2%), and solar power +24,027 MW (up 49.3%) [4][45] Investment Recommendations - Focus on green electricity, with recommendations for companies such as Longyuan Power, Zhongmin Energy, and Three Gorges Energy. Emphasis on the transformation of thermal power and the potential of hydropower and nuclear power for stable returns [4]

证券研究报告·行业跟踪周报·环保 环保行业跟踪周报 中央经济工作会议强化双碳转型，优质运营 资产迎市场化改革&国际化拓展 增持（维持） [Table_Tag] [投资要点 Table_Summary] 2025 年 12 月 15 日 证券分析师 袁理 执业证书：S0600511080001 021-60199782 yuanl@dwzq.com.cn 证券分析师 陈孜文 执业证书：S0600523070006 chenzw@dwzq.com.cn 研究助理 田源 执业证书：S0600125040008 tiany@dwzq.com.cn -14% -10% -6% -2% 2% 6% 10% 14% 18% 2024/12/16 2025/4/16 2025/8/15 2025/12/14 环保 沪深300 相关研究 《东吴证券环保行业 2026 年年度策 略》 2025-12-13 《上实优质资产低估，高能 H 股上市 推进，龙净受益 26 年环保专项资金预 算提前下达》 2025-12-08 东吴证券研究所 1/26 请务必阅读正文之后的免责声明部分 行业走势 ◼ 重点推荐：瀚蓝环境，龙净环保，高能环境 ...

建设能源强国，不仅需要筑牢自身发展根基，更需具备向外输出技术与标准的能力。2025年5月29日， 公司联合控股子公司龙兴绿色能源有限公司、合资方Dragonventures投资开发股份公司与越南政府部门 共同签署《生活固体废物处理服务原则性合同》，将投资、建设、运维一座日处理能力不低于600吨的 现代化固体废物焚烧厂，迈出技术输出与国际化布局的关键一步。 当前，全球城市化进程持续加速，为固废处理行业开辟了广阔的增量市场。旺能环境顺势而为，全面铺 展国际化市场拓展路径，在全球范围内挖掘潜在机遇，重点聚焦越南、马来西亚、泰国、沙特等市场， 目前已跟踪海外项目15个，有望在全球能源环保领域持续贡献中国技术与中国方案。 在绿电发展成为能源强国建设重要支撑的背景下，旺能环境进一步拓展能源价值转化路径。公司旗下湖 州南太湖环保能源有限公司已于2025年3月完成湖州"零碳智算中心"备案，该项目后续将被纳入省级算 力规划项目清单。2025年5月发改委、能源局出台《关于有序推动绿电直连发展有关事项的通知》，允 许垃圾焚烧电厂直接向数据中心等高耗能用户供应绿电，政策红利为业务升级提供了关键支撑。公 司"零碳智算中心"正积极推进客 ...

Economic Overview - Domestic consumption remains weak, with overall commodity consumption showing poor performance and automotive sales cooling down[4] - Infrastructure investment continues to slow, with new housing transactions marginally declining[4] - M1 growth rate fell to 4.9% in November, down from 6.2% in the previous month, indicating a tightening liquidity environment[11] Market Trends - Global risk appetite is cooling, with precious metals outperforming other asset classes; gold prices increased by 2.2%[5] - Emerging market stocks rose by 1.0%, while developed market stocks saw a slight decline of 0.3%[5] - The Shanghai Composite Index rose by 0.3%, while the Hang Seng Index increased by 0.2%[5] Sector Insights - The automotive sector is expected to see heavy truck sales reach 720,000 units in 2026, with overall wholesale sales projected at 1.09 million units, a year-on-year decrease of 3%[39] - Steel production decreased to 8.06 million tons, down 2.83% week-on-week, while total inventory fell by 33.5% to 13.32 million tons[41] Policy and Strategy - The central government emphasizes the need for proactive fiscal policies to stabilize investment and consumption, with a focus on boosting domestic demand[30] - The upcoming economic policies are expected to support sectors like technology, energy, and consumption, with a particular focus on AI applications and green energy initiatives[19]