Core Insights - The article highlights the recognition of Duan Jiajun, an expert in intelligent power supply at CRRC Qingdao Sifang, who was selected for the 2025 Forbes China Returnee Elite Top 100 list, showcasing his contributions to AI and energy technology in China's high-end manufacturing sector [1][12]. Group 1: Academic and Professional Background - Duan Jiajun graduated with honors from Sichuan University and pursued a PhD in Electronic Computer Engineering at Lehigh University, focusing on the intersection of artificial intelligence algorithms and power systems [2]. - His research during his doctoral studies led to the development of an "intelligent energy scheduling algorithm," which gained recognition in top international journals and was widely cited [2]. Group 2: Return to China and Industry Impact - In 2022, Duan made a pivotal decision to return to China, joining CRRC Qingdao Sifang as an intelligent power supply expert, motivated by a desire to contribute to technological advancements in his home country [3]. - He identified and addressed long-standing issues in the smart power system, leading to the development of the "Grid Brain" control platform, the first technology to apply AI in closed-loop control of power systems [5]. Group 3: Innovations and Achievements - The "Grid Brain" platform significantly reduced grid losses and improved power flow control, receiving acclaim as a landmark achievement in the smart power system sector [5]. - Duan's team has successfully implemented the GreenSmith system, enhancing the capacity for clean energy integration across various international microgrid projects, generating over $3 billion in total output value [8]. Group 4: Contributions to Carbon Neutrality and Industry Upgrades - With China's dual carbon goals in focus, Duan expanded his research to low-carbon technologies in rail transit and zero-carbon park construction, developing a comprehensive technical system for energy monitoring and optimization [9][11]. - His efforts in creating integrated solutions for energy management have led to significant cost reductions for manufacturing enterprises, averaging over 15% in operational cost savings [11]. Group 5: Future Aspirations - Duan aims to continue advancing AI and energy technology, focusing on core areas such as intelligent power supply and renewable energy optimization, while fostering innovation and talent development within the industry [12][13]. - He plans to collaborate with universities and enterprises to build research platforms, enhancing the integration of academia and industry to cultivate more innovative talents [12].

是中国引领全球能源转型、参与全球气候治理积极行动的典型代表，彰显出中国的大国责 任和担当。 "中国已明确新的NDC目标，要在2 0 3 5年实现全经济范围温室气体净排放量比峰值下降 7%—10%，火电的低碳转型进程与NDC目标的实现节奏密切相关，是新型能源体系建设 中亟需优先突破的关键环节。"自然资源保护协会能源转型项目高级主管黄辉表示。 ▲ 图片由AI制作 火电是推进全社会碳减排的重点领域，传统发电上市公司作为我国火电资产的主要拥有 者，是保障国家安全、促进经济社会全面绿色转型的重要支柱，对电力低碳转型具有示范 作用。 在"双碳"目标引领下，近年来，我国传统发电企业绿色低碳转型步伐进一步加快。 中国 能源报 与 自然资源保护协会 近日联合发布的《中国传统发电上市公司低碳转型绩效评价 2 0 25》（以下简称《报告》）显示，传统发电行业正从"被动转型"向"主动破局"迈进。 同时，火电企业的绿色低碳转型不能"一刀切"，需要"一企一策、一厂一策"差异化和有针 对性地制定发展策略。 中国火电企业绿色低碳转型展现大国担当 中国火电企业为经济社会发展提供了可靠能源，助力中国成长为全球第二大经济体。同 时，绿色低碳转型成 ...

来源：环球网 12月25日，国家电投集团在北京正式发布全球首套超高温热泵储能技术-"储诺"。 在"双碳"目标驱动下，长时储能已从"可选项"变为能源转型的"必选项"，推动长时储能技术的创新与应 用刻不容缓。对此，国家电投集团中央研究院创新提出热泵储能技术路线，攻克了系统构型、核心设 备、系统控制等系统关键技术，建立了具备完全自主知识产权的热泵储能技术体系，成功建设了全球首 套超高温热泵储能技术中试系统（1MW/4MWh）。经过西安热工院的第三方性能测试，已历经7次完整 充放电，该系统各项核心参数均达到或优于设计值，系统稳定，技术指标全球领先。 相较于传统储能技术，"储诺"超高温热泵储能技术具有显著优势，一是布置灵活度高，无需依赖特定地 理条件，无论是平原电站还是山地产业园均可快速部署；二是循环效率无衰减，规模化电电转化效率 65%以上，在不同负荷下效率稳定；三是储能技术参数优势明显，储热高温560℃以上，低温可 达-60℃，储能密度可达80–120 kWh/m³，远超常规压缩空气储能，同等空间下储能容量可提升10倍以 上；四是应用场景广泛，可实现高品质冷热电联供，耦合新能源大基地、煤电、核电、高耗能等产业， 提 ...

Core Viewpoint - The implementation of the Climate Disclosure Guidelines marks a significant step in China's commitment to climate governance, aiming to enhance corporate transparency in carbon emissions and align with international green trade standards [2][19]. Group 1: Climate Guidelines Significance - The Climate Guidelines serve as a rigid institutional support for China's climate commitments, aiming for a 7%-10% reduction in greenhouse gas emissions by 2035 and a non-fossil energy consumption share of over 30% [3][19]. - The guidelines translate abstract national emission commitments into quantifiable corporate actions, ensuring accountability and contributing to the global goal of limiting temperature rise to 1.5°C [4][19]. - The guidelines are designed to help Chinese enterprises navigate the evolving landscape of international green trade regulations, such as the EU's Carbon Border Adjustment Mechanism (CBAM) [4][19]. Group 2: Implementation Framework - The guidelines adopt an international framework for climate-related disclosures, requiring companies to report on governance, strategy, risk management, and metrics [8][12]. - Companies are mandated to disclose their greenhouse gas emissions across three scopes, ensuring comprehensive reporting and accountability [5][12]. - The guidelines emphasize the need for a robust internal control system to ensure the accuracy and reliability of climate-related disclosures [17][19]. Group 3: Impact on Corporate Practices - The implementation of the Climate Guidelines is expected to shift companies from fragmented climate information disclosure to standardized carbon footprint management, enhancing data integrity [6][20]. - Enterprises that proactively comply with the guidelines will gain competitive advantages in ESG ratings, green financing, and market positioning [7][20]. - The guidelines encourage companies to integrate climate goals into their governance structures and business models, fostering a culture of sustainability [6][20]. Group 4: Future Prospects - The Climate Guidelines are anticipated to drive the transformation of high-energy-consuming industries and promote the emergence of green sectors such as renewable energy and carbon management services [20][21]. - The guidelines will contribute to a multi-stakeholder governance model, enhancing the overall climate governance framework in China [21]. - The successful implementation of the guidelines is expected to instill a green low-carbon ethos across society, aligning with the broader goals of ecological civilization and sustainable development [21].

Core Viewpoint - The coal power industry in China is undergoing a historic transformation from being a primary energy source to a key support for system regulation, with a focus on achieving higher levels of energy security and advancing green and low-carbon transitions [1] Group 1: Policy and Regulatory Environment - The national energy work conference has set a clear policy blueprint for the transformation of coal power, emphasizing the need for higher energy security and a solid push towards green and low-carbon transitions [1] - By 2026, five coal power listed companies will face their first ESG (Environmental, Social, and Governance) assessment, requiring them to enhance ESG governance and reporting in accordance with the guidelines [1] Group 2: Low-Carbon Transition Performance - A report by the Natural Resources Defense Council evaluated the low-carbon transition performance of 33 coal power listed companies, revealing a significant disparity in transition progress, with non-fossil energy development lagging behind the national average [2] - The profitability of coal power companies has rebounded due to falling coal prices and supportive policies, but reliance on short-term coal price declines for profit is unsustainable [3] Group 3: Challenges in Transition - Coal power companies face multiple pressures, including supply responsibilities, operational efficiency, and low-carbon transition, necessitating a shift from a single revenue model to a diversified structure that includes capacity and auxiliary services [3] - The transition is complicated by policy and funding challenges, market competition from renewable energy, and the need for management restructuring to accommodate carbon emission controls [5][6] Group 4: ESG Integration and Financial Implications - Integrating ESG into management is essential for coal power companies, as it is critical for achieving national carbon reduction goals and enhancing corporate value [7] - The global ESG investment fund size has reached $3.7 trillion, indicating that capital markets view ESG performance as a vital dimension for assessing long-term corporate value [8] Group 5: Future Trends and Strategies - The traditional power industry is moving from passive to proactive transformation, with five core development trends expected over the next five years, including the need for diversified revenue models and enhanced collaboration between coal and renewable energy [4] - The government has recognized the economic value of coal power in providing flexible and baseline power, and policies are being developed to support the transition and investment returns for coal power [9]

Core Viewpoint - The article emphasizes the ongoing transformation towards "zero carbon" in China, highlighting the commitment to green and low-carbon development as part of the "dual carbon" goals, which aims to reshape industrial structures and economic development models in response to global climate challenges [1]. Group 1: National Zero Carbon Park Initiative - The first batch of national-level zero carbon parks has been officially announced, with 52 parks covering 31 provinces and regions, marking the beginning of large-scale and systematic promotion of zero carbon park construction in China [2][10]. - The selection of these parks is characterized by "high standards, high participation, and stable construction cycles," indicating a strong foundation for the zero carbon initiative [3]. - The construction of these parks is expected to generate a total output value of approximately 3.54 trillion yuan, with energy consumption exceeding 60 million tons of standard coal and carbon emissions below 1.5 million tons [6]. Group 2: Regional Developments and Projects - In Fujian, significant projects such as a 1,400 MW offshore wind power project and a 390 MW photovoltaic project are underway, aiming to establish a zero carbon manufacturing model [4]. - Shanxi's Dazhong Economic and Technological Development Zone is adopting a "park within a park" model, with plans for 300 MW of photovoltaic capacity and 200 MW of wind power, targeting a comprehensive energy consumption reduction [4]. - Jiangsu's Liyang High-tech Industrial Development Zone is transitioning from planning to construction, with projects like a 400 MW photovoltaic power generation project expected to provide 500 million kWh of green electricity annually by 2026 [5]. Group 3: Policy and Market Dynamics - The construction of zero carbon parks is seen as a critical step in promoting green transformation and exploring low-carbon development paths, with a focus on "green electricity direct supply" as a core strategy [7][10]. - The initiative is supported by a series of policy documents from central and local governments, which clarify the top-level design and practical pathways for zero carbon park construction [6]. - The parks are expected to attract quality projects and capital, leveraging the growing market demand for green energy and carbon management solutions [6]. Group 4: Technical and Operational Standards - The zero carbon parks aim to reduce carbon emissions to "near zero" levels, with specific targets for energy consumption and carbon emissions set at 0.2 tons per ton of standard coal for parks consuming 200,000 to 1 million tons of coal annually [12][13]. - Additional guiding indicators include a clean energy consumption ratio of no less than 90% and a comprehensive utilization rate of industrial solid waste of no less than 80% [14]. - The parks will serve as experimental grounds for new energy systems and will play a significant role in promoting deep decarbonization of industries [9][11].

对此，国家电投集团中央研究院创新提出热泵储能技术路线，攻克了系统构型、核心设备、系统控制等 系统关键技术，建立了具备完全自主知识产权的热泵储能技术体系，建设了全球首套超高温热泵储能技 术中试系统。 相较于传统储能技术，"储诺"超高温热泵储能技术具有显著优势，一是布置灵活度高，无需依赖特定地 理条件，无论是平原电站还是山地产业园均可快速部署；二是循环效率无衰减，规模化电电转化效率 65%以上，在不同负荷下效率稳定；三是储能技术参数优势明显，储热高温560℃以上，低温可 达-60℃，储能密度可达80–120 kWh/m³，远超常规压缩空气储能，同等空间下储能容量可提升10倍以 上；四是应用场景广泛，可实现高品质冷热电联供，耦合新能源大基地、煤电、核电、高耗能等产业， 提升绿电比例（消纳），满足运行灵活性及节能减排需求。 12月25日，国家电投集团举行全球首套超高温热泵储能技术——"储诺"技术评审会。经第三方机构测 试，该系统核心参数均达到或优于设计指标，在规模化长时储能领域取得了重要技术突破。 在"双碳"目标驱动下，长时储能已从"可选项"变为能源转型的"必选项"，推动长时储能技术的创新与应 用刻不容缓。 ...

Core Viewpoint - The transition to a green and low-carbon economy is an irreversible trend, necessitating significant investment and policy guidance from developed countries, while China aims to leverage ecological innovation to achieve its "dual carbon" goals and establish a new development advantage [1] Group 1: Current State of Green Finance in China - China has established the world's largest green finance system, providing a crucial foundation for supporting ecological innovation [2] - The green loan balance reached 36.6 trillion yuan by the end of 2024, making China the leader globally, with growth rates significantly surpassing average loan growth [2] - The green finance market is thriving, offering diverse financing options such as equity and bonds for technology companies at various stages [2] Group 2: Government Initiatives and Market Dynamics - Government-led platforms like the National Green Development Fund support key technology projects through equity investments, effectively addressing market failures [3] - Despite notable achievements, there are still shortcomings in financial resource allocation, particularly in supporting early-stage technology development compared to developed countries [3] Group 3: Challenges in Financial Support - There is a mismatch between risk and return, with banks favoring established projects over early-stage innovations, leading to financing difficulties for light-asset tech companies [3] - The structure of financing terms is imbalanced, with green bonds typically having shorter maturities that do not align with long R&D cycles [4] Group 4: Professional Capacity and Policy Coordination - Financial institutions in China are still developing their professional assessment capabilities, which hinders effective investment in ecological technologies [4] - Existing policies lack targeted support for early-stage R&D and concept validation projects, and the effectiveness of market mechanisms like carbon markets remains limited [4] Group 5: Recommendations for Improvement - A new financial support framework for ecological innovation should be established, emphasizing a dual-driven approach of policy and market collaboration [5] - Financial products and services need innovation to shift from risk aversion to effective risk management, including the development of specialized funds and new financing tools [6] - Professional capacity building is essential, with a focus on creating specialized departments within financial institutions and establishing standardized technology assessment systems [7] - A supportive ecosystem for innovation should be cultivated, including tax incentives for early-stage investments and enhanced fiscal support for foundational research [7]

12月25日从财政部了解到，《企业可持续披露准则第1号——气候（试行）》当日对外发布，旨在规范 企业可持续发展信息披露，稳步推进我国可持续披露准则体系建设，推动经济、社会和环境可持续发 展。 这一气候准则由财政部、生态环境部等9部门制定印发。 另一方面，气候准则与国际规则深度对接。"气候准则既积极吸收国际成熟经验，在结构上与国际财务 报告可持续披露准则趋同，保障了国际可比性，推动国内外披露语言相通，降低企业跨境经营与融资成 本；又立足我国发展阶段与现实条件，结合中国实际设置披露框架、明确温室气体核算方法等要求，确 保准则切实可行，维护国家发展利益。"财政部会计司有关负责人说。 此外，气候准则还引入相称性原则，允许企业根据自身资源适配披露方法，既降低了中小微企业合规成 本，又通过定量与定性结合的要求，促进重点行业加速转型。 "气候议题是可持续信息披露体系中基础性最强、紧迫性最高的核心领域。"这位负责人表示，此次发布 的气候准则建立了透明、可比、可靠的气候信息披露制度，强化了支持绿色低碳发展的标准供给，有助 于引导市场预期、规范企业行为、科学评估转型进展，为"双碳"目标从国家宏观战略向企业微观行动转 化提供了关键 ...

Core Viewpoint - Southwest Securities is actively implementing its financial strategy with a focus on technology finance and green finance, aiming to enhance its professional investment capabilities and contribute to regional development and the achievement of carbon neutrality goals [1][5]. Group 1: Financial Strategy and Implementation - The company has developed a three-year work plan (2025-2027) to advance its financial initiatives, including the "Five Major Financial Articles," with a structured approach to ensure effective execution [2]. - A dedicated task force has been established to lead the implementation of these financial strategies, with specific responsibilities assigned to various departments and subsidiaries [2]. - The company has launched a special incentive program to support strategic projects, particularly in technology finance, with a reported transaction scale of nearly 18 billion yuan in financing and mergers for technology enterprises in the first three quarters of 2025 [2]. Group 2: Technology Finance - Southwest Securities is providing financing services to technology enterprises, with a total investment scale of approximately 10 billion yuan through various financial instruments [3]. - The company has successfully issued the first private enterprise technology innovation convertible bond in the market, specifically for Huabang Health, and has facilitated significant mergers and acquisitions in the region [3]. - The company has also launched a major knowledge property securitization product, which is the largest of its kind in Chongqing, to support local technology enterprises [3][4]. Group 3: Green Finance - The company is committed to developing green finance to support regional green development and achieve carbon neutrality goals [5]. - Southwest Securities has underwritten three green bonds with a total financing scale of 1.2 billion yuan, achieving historical low interest rates for some issuers [6]. - The company has introduced over 120 green financial products in 2023, focusing on themes such as low-carbon and renewable energy [6]. Group 4: Future Directions - The company aims to prioritize the "Five Major Financial Articles" as a key focus for 2026, integrating these initiatives into its upcoming "14th Five-Year Plan" [7][8]. - It plans to enhance its competitive edge in technology finance, green finance, inclusive finance, pension finance, and digital finance, establishing a sustainable service system [8]. - The company is committed to fostering an environment that encourages innovation and supports long-term investments in hard technology sectors [8].