Group 1 - Zhongtian Power Cable Co., Ltd. has established a zero-carbon factory that utilizes a comprehensive green management system, achieving a significant transition from "low-carbon manufacturing" to "zero-carbon operation" [1] - The factory's photovoltaic power station is expected to generate 3.376 million kWh in 2024, accounting for approximately 52% of its total electricity consumption, thereby increasing the share of renewable energy in total energy consumption to over 50% [1] - The factory employs a diversified approach to offset carbon emissions, including purchasing green power certificates and carbon credits, aiming for a carbon reduction of 91 tons through CCER transactions in 2024 [1] Group 2 - Jiangsu Hengtong High Voltage Submarine Cable Co., Ltd. promotes low-carbon transformation through a systematic approach that includes source reduction, process control, and end-of-pipe treatment [2] - The company has implemented over 60 energy-saving technological upgrades, achieving a 5% annual reduction in carbon emissions for the same output over the past five years [2] - A carbon emission management team was established in 2022, and an energy management system will be launched in July 2024 to enable real-time monitoring and data visualization of energy consumption [2] Group 3 - Wanbang Digital Energy Co., Ltd. has built a digital carbon management center that integrates energy consumption tracking, carbon emission accounting, and real-time data collection through smart meters and sensors [3] - The company has achieved a self-reduction of 81.83% in carbon emissions in 2024 through photovoltaic construction, green electricity procurement, and energy-saving technological upgrades, with a goal of 100% carbon offset through carbon credits and green certificates [3] Group 4 - Jiangsu Botuo New Building Materials Co., Ltd. aims to become a zero-carbon factory by optimizing energy structure and resource recycling, having built a 1.6 MW distributed photovoltaic power project expected to generate 1.93 million kWh in 2024 [5] - The company has replaced traditional coal-fired boilers with biomass boilers and developed technologies for recycling waste concrete, achieving 100% waste disposal and zero solid waste emissions [5] - The company actively promotes material innovation by utilizing industrial waste to replace natural raw materials, enhancing the environmental attributes of its products [5] Group 5 - Envision Energy Co., Ltd. launched a green supply chain project in 2022 with three sustainability goals: zero negative corporate social responsibility events, 100% carbon assessment, and 100% green electricity production [6] - The company has provided carbon management training to over 200 core suppliers, helping them identify carbon emission hotspots [6] - Envision aims to achieve 100% green electricity usage among core suppliers by 2028 through enhanced collaboration and innovative models [6]

Core Viewpoint - The transformation of Tianzilin landfill from an urban eyesore to a new scenic spot in Hangzhou is a significant achievement, showcasing advancements in ecological restoration and urban development [1] Group 1: Ecological Restoration - The Tianzilin landfill underwent two phases of ecological remediation, successfully sealing historical waste and completing extensive greening and ecological restoration [1] - The newly transformed Tianzilin will be an important part of the "North Show Scenic Belt," contributing to ecological civilization [1] Group 2: Natural Gas Infrastructure - In 2025, Hangzhou Energy Group will promote the signing of a strategic cooperation framework for the integration of the city's natural gas high-pressure pipeline network, enhancing emergency response and stable gas supply capabilities [1] Group 3: Waste Management and Recycling - The company aims to launch the "Hangzhou Recycling" brand, focusing on the integration of household waste and renewable resources through the construction of "One Station and Four Centers" [1] - This initiative will accelerate the establishment of a sorting system for recyclable materials and a digital management platform, streamlining the entire recycling process from collection to resource recovery [1] Group 4: Future Projects and Innovations - Hangzhou Energy Group will advance the "Hangzhou City Investment Future 500+" Phase II project, establishing an intelligent research and manufacturing base [2] - The company is focusing on low-carbon transformation, particularly in the mass production of specialized vehicles for alcohol-hydrogen electric applications and the development of commercial vehicles like garbage trucks and buses [2] - A joint platform will be formed to tackle solid-state battery technology and to establish a waste battery recycling industry chain [2]

成都两个低碳项目入选全球典型案例 中建滨湖设计总部以"设计+投资引领"的模式，成为建筑全生命周期低碳转型的优秀项目，彰显了天府 新区在绿色建筑领域的创新实力。 截至目前，天府新区已成功创建8个近零碳试点，其中2个省级近零碳排放园区、6个近零碳排放社区。 本报讯 （成都日报锦观新闻记者 白洋） 记者昨日获悉，在上海交通大学环境社会治理研究院联合多家 权威机构发布的《2025零碳园区行业影响力洞察报告》中，来自四川天府新区的中建滨湖设计总部、成 都科创生态岛两大项目成功入选全球典型案例。 其中，成都科创生态岛以"公园城市+近零碳园区+数字经济"融合发展模式入选典型案例，其近零碳产 业园建设经验，为全国同类园区提供了可复制的实践路径。 转自：成都日报锦观 另悉，四川天府新区绿色低碳产业加快发展。2024年，天府新区绿色低碳产业规模达到30亿元，新引进 天合智慧数字能源创新研发中心、华电金泰户用光伏科技创新中心等4个重点项目，大力发展核能、光 伏、智能电网等绿色低碳优势产业。 ...

智通财经记者 | 田鹤琪 "近年来，全球低碳新能源投资保持持续增长。据国际能源署(IEA）预计，2025年全球清洁能源投资总 额将首次突破2.2亿美元。油气行业低碳投资额保持在300亿美元以上，但投资占比出现下降。" 12月17日，《能源展望2060系列报告发布会暨2026能源化工产业发展论坛》在北京召开。中国石化经济 技术研究院(下称中石化经研院)公司管理研究所副所长胡微微在平行论坛上作出上述表述。 在政府政策、市场趋势和股东意愿等内外部因素共同作用下，国际石油公司曾纷纷开展低碳和新能源领 域投资，快速布局低碳和新能源相关业务。 但近年来，国际石油公司的低碳布局正面临内外压力。 内部层面，近五年，多元化进程较快的企业，承受着价值增长与现金流稳定的双重压力；外部层面，资 本市场更认可 "审慎布局" 的企业，这类公司2020年以来股价增幅领跑，股息水平也相对较高。 在此影响下，2023年后，部分企业开始回调碳减排目标，为低碳业务"松绑"。此前布局较激进的公司重 新重视油气业务，降低低碳投资规模，调整投资节奏，将资金优先投向短周期、高现金流的优质项目。 "我们从石油公司们的投资经验中也能获得几方面启示。"胡微微表 ...

鼓励企业牵头联合科研机构、高校等单位，深化产学研用合作，围绕未来能源前沿技术领域，高标准建 设一批行业研发创新平台，重点支持柔性钙钛矿电池组件中试、新型储能安全监测、流体力学共享测 试、固态电池材料研发、动力电池大数据、高潜热相变材料等共性技术平台。 加速自主可控核心部件装备规模化生产，重点布局新型储能(新型电池)、先进氢能装备、下一代钙钛矿 光伏关键组件、超导磁体及线材等关键核心零部件项目。 依托"未来能源小镇"建设，打造绿色集约的产城融合示范场景，鼓励多种先进低碳技术集成应用，支持 燃料电池汽车示范运营。开拓创新应用场景，以分布式光伏、新型储能和智能微电网为基础打造可复制 的零碳标杆园区转型样板。 12月11日，北京经济技术开发区管理委员会印发《北京经济技术开发区关于加快培育未来能源产业的若 干措施》。文件提出，聚焦新型储能、清洁能源、低碳转型、聚变能源等细分赛道，高标准建设北京新 型储能产业示范"协同发展区"。 文件提出，重点支持新型储能、清洁能源、低碳转型、聚变能源四大核心方向，鼓励原创性、颠覆性前 沿技术创新成果快速完成"技术熟化—中试验证—产业化"全链条孵化，促进产学研深度融合。培育一批 科技创新 ...

Core Viewpoint - The Brazilian government has approved a new national climate plan to implement the goals of the Paris Agreement and promote a low-carbon transition, providing a clear roadmap for action [1]. Group 1: Emission Reduction Targets - The new plan sets specific emission reduction targets across eight sectors, aiming to reduce greenhouse gas emissions from 2.04 billion tons of CO2 equivalent in 2022 to 1.2 billion tons by 2030, and further down to between 850 million and 1.05 billion tons by 2035 [2]. - The overall goal is to achieve net-zero emissions by 2050, while also emphasizing the need to enhance resilience to climate change [2]. Group 2: Adaptation and Action Plans - The plan includes 16 sectors and thematic action plans for adapting to climate change, covering areas such as public health, tourism, energy, transportation, disaster risk reduction, water resources, food security, and biodiversity, with over 800 specific actions proposed [2]. - The Brazilian government will continuously improve the national climate plan through biennial assessments and systematic revisions every four years to ensure alignment with climate science advancements and international commitments [2].

Core Points - The Brazilian government approved a new national climate plan on the 15th, providing a clear roadmap for achieving the goals of the Paris Agreement and promoting a low-carbon transition [1] - The plan aims to reduce greenhouse gas emissions by 59% to 67% from 2005 levels by 2035, with specific targets set for various sectors [1] - The new plan is a systematic update of Brazil's climate governance framework since the first plan was launched in 2008, emphasizing collaboration among government, private sector, and civil society [1] Summary by Sections - **Emission Reduction Goals**: The new plan sets clear emission reduction targets across eight sectors, aiming to decrease greenhouse gas emissions from 2.04 billion tons of CO2 equivalent in 2022 to between 850 million and 1.05 billion tons by 2035 [1] - **Long-term Objectives**: The overall goal is to achieve net-zero emissions by 2050, while also enhancing the capacity to adapt to climate change [1] - **Adaptation Measures**: The plan includes 16 sectors and thematic action plans for climate adaptation, covering areas such as public health, tourism, energy, transportation, disaster risk reduction, water resources, food security, and biodiversity, with over 800 specific actions [2] - **Continuous Improvement**: The Brazilian government will refine the national climate plan through biennial assessments and systematic revisions every four years to align with climate science advancements and international commitments [2]

12月15日，记者从隆基绿能获悉，隆基绿能与森特合作，将光伏技术与建筑技术耦合，让更多钢铁厂房 屋顶变身发电站，成为钢企降本减碳、绿色转型的重要力量。 据介绍，作为高耗能行业，钢铁生产的电力消耗占企业运营成本比重持续上升。面对上述情况，隆基森 特BIPV(光伏建筑一体化)锚定钢铁生产的实际需求，以绿电解决方案激活空间价值，为钢企开辟出一条 屋顶资源利用路径，助力行业实现效益增长。如宝武太钢新建热轧厂项目，在项目建设初期就引入隆基 森特隆顶系统，光伏组件与屋面结构深度融合，无需后期加装改造，避免了资源浪费。该项目全生命周 期减碳量约24万吨，为企业节省了可观的能源开支，更在碳资产积累方面占据先发优势，为新建厂房提 供"起步即绿色"的高效转型路径。 宝武太钢新建热轧厂建筑光伏一体化项目 宝武新钢硅钢厂区的部分屋顶，因使用年限较长，渗漏隐患逐步显现。厂房在实施隆基森特隆顶系统改 造后，通过无损连接技术等，从源头杜绝渗漏等问题，在节省维护费的同时，每年系统全生命周期发电 量达5550万千瓦时。这种"以改代修"的模式，让原本消耗资金的老旧屋顶，转变为持续创造收益的"绿 色资产"。 江苏长强钢铁综合料场建筑光伏一体化项目 ...

期货交易咨询业务资格：证监许可【2011】1285号 华联期货铁矿石年报 供需关系重构，矿价中枢有望下移 20251215 作者：曾可 从业资格号：F03118676 0769-22116880 交易咨询号：Z0022773 审核：姜世东，从业资格号：F03126164，交易咨询号：Z0020059 请务必阅读正文后的免责声明。本报告的信息均来自已公开信息，关于信息的准确性与完整性，建议投资者谨慎判断，据此入市，风险自担。 请务必阅读正文后的免责声明。本报告的信息均来自已公开信息，关于信息的准确性与完整性，建议投资者谨慎判断，据此入市，风险自担。 年度观点及策略 请务必阅读正文后的免责声明。本报告的信息均来自已公开信息，关于信息的准确性与完整性，建议投资者谨慎判断，据此入市，风险自担。 年度观点及策略 请务必阅读正文后的免责声明。本报告的信息均来自已公开信息，关于信息的准确性与完整性，建议投资者谨慎判断，据此入市，风险自担。 ◆ 供应：2026年全球铁矿供应将进入大幅增长期，主流矿、非主流矿及国内矿都有新矿山项目即将面临产能投。从四 大矿的产量指引来看，2026年力拓较2025年变动不大，BHP也仅有少量提质 ...

Core Insights - The article highlights the transformation of Ice Wheel Environment from a traditional equipment supplier to a comprehensive solution provider in temperature control and energy management, addressing diverse market needs through innovative technologies [1][2]. Company Transformation - Ice Wheel Environment's breakthrough in helium compressors in 2016 marked a significant shift, allowing the company to transition from traditional cold chain services to advanced applications in fields like controlled nuclear fusion and ultra-low temperature research [2]. - The helium compressor, known as the "crown jewel" of the compressor industry, addresses extreme low-temperature challenges, achieving international leading standards while costing about 20% of imported alternatives [2]. Industry Positioning - The company is extending its temperature control capabilities by developing technologies for both ultra-low and high-temperature applications, including industrial heat recovery systems [3]. - Through acquisitions, such as Dunham-Bush and Beijing Huayuan Taimeng Energy Equipment Co., Ice Wheel Environment has completed its temperature control industry chain from low to high temperatures [3]. Market Opportunities - The company is capitalizing on the growing demand for temperature control solutions driven by AI computing and accelerated nuclear power construction, positioning itself in a favorable market environment [4]. - Ice Wheel Environment's products, including liquid cooling systems, are recognized in the National Green Data Center Advanced Applicable Technology Product Directory, indicating their relevance in the evolving data center landscape [4]. Nuclear Power Sector - Dunham-Bush, a subsidiary of Ice Wheel Environment, holds the highest nuclear-grade qualifications and is the only service provider in China covering all areas of nuclear island cooling systems [5]. - The company has serviced over twenty nuclear power plants, showcasing its expertise and commitment to safety in extreme conditions [5]. Strategic Focus - Ice Wheel Environment aims to balance short-term performance with long-term investments in emerging technologies like hydrogen energy and carbon capture, utilization, and storage (CCUS) [6]. - The establishment of a "Central Research Institute" emphasizes the company's commitment to innovation, with a focus on maintaining a minimum R&D investment of 4% across business units [6]. Vision and Commitment - The brand slogan "Let Temperature Have More Temperature" reflects the company's dual focus on technical excellence and humanistic values, aiming to contribute to carbon neutrality goals [7]. - Ice Wheel Environment is dedicated to becoming a standard configuration for carbon neutrality across industries, leveraging nearly 70 years of expertise to navigate the evolving landscape of digital and green technologies [7].