中共中央、国务院近日印发《生态环境保护督察工作条例》。《条例》用八章四十四条总结了新时代生态环境保护督察的理论和实践经验，对生态环境保 护督察工作作出全面规范。如何引领督察工作法治化、规范化、制度化开展，《条例》划重点一起了解。 明确生态环境保护督察的对象 2015年环境保护督察制度建立。当年年底，因空气质量而备受关注的河北省，成为首个督察试点。此后，两轮督察先后推进，实现了对31个省区市和新疆 生产建设兵团的全覆盖，并逐步将央企和国务院有关部门纳入督察范围。目前，正在进行的第三轮督察已经开展了三批。 《条例》明确，在党中央集中统一领导下，实行中央和省、自治区、直辖市两级生态环境保护督察制度。两级督察的督察对象各有侧重，具体为： (二)生态环境保护党内法规、法律法规、政 策制度、标准规范、规划计划、重大改革任务 的贯彻落实情况; (三)生态环境保护"党政同责"和"一岗双 责"推进落实情况; (四) 区域重大战略实施中生态环境保护要求 落实情况; (五) 环境污染防治、发展方式绿色转型、生 态保护修复、推进碳达峰碳中和等美丽中国建 设方面工作情况: (六) 中央生态环境保护督察反馈问题整改及 长效机制建设情况; ...

Core Viewpoint - The development of a circular economy is crucial for addressing resource scarcity and environmental pollution, especially in China, which is facing significant challenges as the world's second-largest economy. The circular economy is increasingly recognized as a vital pathway for achieving comprehensive green transformation and carbon neutrality goals [1][2]. Industry Overview - Circular economy is an economic growth model focused on efficient and cyclical resource utilization, characterized by low consumption, low emissions, and high efficiency, aligning with sustainable development principles. It represents a fundamental shift from traditional linear economic models to a closed-loop feedback process of resource use, clean production, and resource regeneration [2][4]. Application Areas - The circular economy has a wide range of applications, including: - Resource regeneration and recycling, utilizing waste materials to replace virgin resources. - Comprehensive utilization of bulk solid waste, such as using fly ash and smelting slag to produce alternative building materials. - Biomass waste utilization for clean energy, replacing traditional fossil fuels. - Recovery of waste heat and energy from industrial processes to improve system efficiency. - Circular transformation of industrial parks to enhance resource and energy utilization efficiency [5][6]. Current Development Status - The Chinese government has prioritized the development of the circular economy as a strategic initiative for sustainable development, implementing various policies to promote high-quality growth in this sector [7][8]. Market Size - The circular economy industry in China is experiencing robust growth, with the market size surpassing 4 trillion yuan in 2023 and projected to reach approximately 4.64 trillion yuan in 2024. Key growth drivers include the comprehensive utilization of bulk solid waste, resource regeneration, and waste resource utilization [12][14]. Competitive Landscape - The market for circular economy in China is characterized by diverse competition, with state-owned enterprises holding significant market shares due to policy support. However, private enterprises are emerging as new forces, leveraging flexible operations and differentiated services. The competition is particularly intense in areas such as industrial solid waste treatment and recycling of used resources [19]. Challenges Faced - Despite progress, the circular economy in China faces challenges, including insufficient industrial scale and specialization, inadequate incentive mechanisms and regulatory frameworks, and insufficient resource recovery in key areas [20]. Future Development Trends - The future of the circular economy is expected to be shaped by technological innovation, improved policy frameworks, deepened industry collaboration, and expanded international cooperation. Technologies such as IoT, AI, and big data will enhance resource recovery efficiency, while a more robust policy environment will support high-quality development in the sector [21][23][24].

Core Viewpoint - The 20th National Congress of the Communist Party of China emphasizes the need to deepen ecological civilization reforms and promote a carbon trading market to achieve carbon peak and carbon neutrality goals [1] Group 1: Carbon Market Development - The national carbon emissions trading market currently covers 2,257 key emission units in the power generation sector, accounting for approximately 5.1 billion tons of CO2 emissions annually, which is about 40% of the national total [1] - The current carbon market is limited in industry coverage and has low market activity due to high homogeneity among participants, necessitating the inclusion of more high-emission industries such as steel, cement, and aluminum [1][2] - The Ministry of Ecology and Environment has issued a plan to gradually include the steel, cement, and aluminum industries into the national carbon emissions trading market, aiming to enhance carbon reduction efforts and create a more effective carbon market [1][2] Group 2: Policy Implementation and Mechanisms - The plan aims to expand the market coverage by incorporating around 1,500 enterprises from the steel, cement, and aluminum sectors, focusing on those with annual greenhouse gas emissions of 26,000 tons of CO2 equivalent [2] - It establishes a unified management system for emissions across various industries, enhancing the carbon pricing mechanism and encouraging companies to prioritize carbon management [2] - The plan outlines a multi-layered and differentiated collaborative control model for direct and indirect greenhouse gas emissions, integrating the carbon trading market with renewable energy and green certificate markets [2] Group 3: Data Management and Monitoring - The plan emphasizes improving carbon emission accounting standards and data governance, requiring enterprises to conduct high-quality measurements of key parameters and explore online monitoring technologies [3] - It mandates monthly verification of key parameters by major emission units and implements a three-tier data quality audit system to enhance transparency and reliability in the carbon trading market [3] Group 4: Allocation of Carbon Quotas - The plan details a phased approach to carbon quota allocation for the steel, cement, and aluminum industries, with the 2024 quota based on verified actual emissions, avoiding compliance costs for enterprises [4] - Future quotas for 2025 and 2026 will be determined based on carbon intensity, with a focus on minimizing the impact on normal business operations [4] - The plan aims to gradually tighten total quota limits to facilitate the transition of these industries towards green and low-carbon practices [4] Group 5: Recommendations for Policy Enhancement - The plan suggests establishing a long-term management mechanism for carbon emissions rights, gradually reducing annual quota totals while ensuring alignment with industry development stages [5][6] - It advocates for the integration of various policies to promote the collaborative development of carbon and electricity markets, enhancing the market's overall effectiveness [6]

Core Viewpoint - Hubei Energy is actively advancing its green and low-carbon transformation, with significant growth in renewable energy generation despite a decline in overall power generation [1][2]. Group 1: Renewable Energy Growth - In April 2025, Hubei Energy's total power generation was 3.358 billion kWh, a year-on-year decrease of 5.73%, while renewable energy generation increased by 54.91% [1][2]. - As of the end of April 2024, the company's renewable energy generation had increased by 55.67% year-on-year [1]. Group 2: Financial Performance - For the year 2024, Hubei Energy reported a revenue of 20.03 billion yuan, a year-on-year increase of 7.3%, and a net profit attributable to shareholders of 1.81 billion yuan, up 3.7% [2]. - In the first quarter of 2025, the company experienced a revenue decline of 19.65% year-on-year, totaling 4.183 billion yuan, and a net profit drop of 54.31%, amounting to 356 million yuan [2]. Group 3: Infrastructure Development - Hubei Energy is in the construction phase for three pumped storage power stations, with significant progress reported on the main engineering works [3]. - The company plans to enhance its energy structure by integrating traditional and innovative business models, focusing on renewable energy projects [3]. Group 4: Capital Market Activity - Hubei Energy intends to transfer 530 million shares of Changjiang Securities at a price of 8.20 yuan per share, which represents 9.58% of the total share capital, to optimize its asset structure and concentrate on its core energy business [4].

转自：北京日报客户端 北京市生态环境局13日介绍，北京市碳排放权交易市场（以下简称"北京市碳市场"）2024年度工作圆满 完成，全市850余家重点碳排放单位均完成碳排放配额清缴、履行碳排放控制义务。据统计，2024年北 京市碳市场运行平稳有序，交易总量为367万吨，成交额3.71亿元。碳价稳中有升，配额线上成交均价 达111元/吨，在7个地方碳市场中价格最高。 碳排放配额，即二氧化碳排放配额，是碳排放权的量化指标，指由生态环境部门核定的，允许重点碳排 放单位在行政区域一定时期内排放二氧化碳的数量，单位以"吨二氧化碳"计。 自2013年开市以来，北京市碳市场已平稳运行至第11个履约周期，碳排放配额线上成交均价保持稳中有 升趋势，从开市之初的50元/吨左右逐步上涨至2024年的111元/吨。碳价越高重点碳排放单位通过市场购 买获得配额的成本越高，单位主动减少碳排放量的动力越强。如果相关单位能主动采取措施减少碳排放 量，有配额缺口的单位能够节省购买碳排放配额的支出，配额富余的单位可以出售碳排放配额获得更多 的利益。 据统计，纳入北京市碳市场管理的重点碳排放单位2023年排放总量同比下降2%。其中燃煤应急发电、 水泥 ...

ESG Policy Dynamics - Xiamen has released its ESG Development Action Plan (2025-2027), aiming to become a national leader in ESG development, focusing on creating a comprehensive "124" system that includes ESG practices and market ecology [1] - The plan emphasizes building four key areas: green industry, professional services, theoretical innovation, and talent aggregation, contributing to the national sustainable development standard system [1] Carbon Neutrality Initiatives - Shanghai's Market Supervision Administration issued a notification on carbon peak and carbon neutrality measurement for 2025, promoting energy resource measurement demonstration projects and enhancing carbon emission monitoring capabilities [2] ESG Market Dynamics - The Network for Greening the Financial System (NGFS) launched its first short-term climate scenario to help central banks and financial regulators analyze the impacts of climate change and related policies on economic stability [3] - The new scenario focuses on a five-year timeframe, providing detailed industry analysis and covering financial risks and macroeconomic variables [3] Climate Risk Assessment Solutions - Intercontinental Exchange (ICE) introduced a new global climate risk solution for investors, offering a physical climate risk view based on geospatial data for their portfolios, utilizing data from over 1.6 billion buildings [4] Corporate ESG Actions - Tencent signed a memorandum with Temasek's GenZero to purchase at least 1 million tons of verified carbon credits over the next 15 years, aiming to reduce greenhouse gas emissions [5] - Baidu released its 2024 ESG report, highlighting significant achievements in cybersecurity, content governance, AI talent cultivation, and green energy usage, with 5.98 million kilowatt-hours of green electricity used in data centers [5]

Group 1: Investment Activities and Projects - The company completed the equity transfer of Aurora Solar, holding 80% of the project company, becoming the largest shareholder [1] - All 48 pull test drilling points and column pouring for the photovoltaic project have been completed, with pull tests finished at 100% [1] - The company is focusing on international engineering transformation and developing resource-controlled, low-risk concession projects [2] Group 2: Future Investment Directions - The company aims to seek investment opportunities in renewable energy sectors abroad, aligning with national carbon peak and carbon neutrality goals [2] - Plans to extend and integrate the industrial chain through overseas investments based on existing business segments [2] Group 3: Financial Performance and Shareholder Returns - The gross profit margin for 2024 is expected to improve due to strict project quality control and termination of low-margin trade businesses [2] - The cash dividend for 2024 is set at 1.49 yuan per 10 shares, totaling approximately 158.45 million yuan, a 72.55% increase from the previous year [2] - The company has maintained a consistent cash dividend for 17 consecutive years, emphasizing long-term shareholder returns [2] Group 4: Confidentiality and Compliance - No undisclosed significant information leakage occurred during the investor relations activity [3]

在发布《2025零碳行动报告》之时，远景科技集团（下称远景）宣布自2022年起连续第三年实现运营碳 中和。在这份报告中，该集团称将在2028年达成核心供应链100%使用绿电的目标。 "从策略上，我们要跟供应链合作方达成战略一致性，包括给他们提供相应的数字化工具去跟踪、计 算、管理碳排放，要授之以渔。"远景科技集团首席可持续发展官（CSO）孙捷近日在接受21世纪经济 报道等媒体采访时认为，供应链减碳的关键在于理念的提升。"我们要帮助整个供应链认识到，减碳是 一件非常有意义且没有那么难的工作。" 眼下，全球范围内所掀起的能源转型和绿色低碳发展浪潮，正在重新构建人类与能源的共生关系。在此 背景下，诸多应用场景模式应运而生，例如零碳园区、零碳工厂。 2025年政府工作报告提出，要积极稳妥推进碳达峰碳中和，建设一批零碳园区、零碳工厂，聚焦能源开 发利用的全过程、全环节，来通过打造绿色环保的供给、互动节约的消费、低碳替代的基础设施建设、 智慧运营的服务保障等系统性实践，进一步促进绿色转型。 值得一提的是，远景作为零碳产业园的开创者，也正在进一步扩大其建设目标——未来十年，其将携手 合作伙伴在全球建设100个零碳产业园。 ...

文 | 科技日报 截至2024年底，我 国已投运电力储能项目累计装机首次超过百吉瓦，达到137.9吉瓦，同比增长 59.9%；其中，新型储能累计装机达到78.3吉瓦，功率规模同比增长126.5%。 目前，我国新型能源体系建设稳步推进，能源保障基础不断夯实，现已建成全球最大的清洁能源系统。 储能是解决可再生能源规模化消纳和稳定输出的重要技术手段，是新型电力系统的核心要素。相较于传 统的抽水蓄能，锂离子电池、压缩空气储能、液流电池、钠离子电池、飞轮储能等新型储能，具有建设 周期短、布局灵活、响应速度快等优势，可在电力系统运行中发挥调峰、调频、调压、备用、黑启动、 惯量响应等多种功能。如今，新型储能已成为构建新型电力系统的重要技术和基础装备，是实现碳达峰 碳中和目标的重要支撑，也是催生国内能源新业态、抢占国际战略新高地的重要领域，对构建清洁低 碳、安全高效的能源体系，贯彻落实国家能源战略具有重要意义。 我国新 型储能行业高速发展 过去5年， 我国新型储能行业高速发展， 截至2024年底累计装机量首次超越抽水蓄能，成为电力系统中 继火电之后的第二大灵活性调节资源。 我国新型储能行业发展呈现出以下几个特征。 一是新型储 ...

除了估值提升，杭汽轮本身的发展同样值得关注。据悉，杭汽轮正逐步从传统制造业向全面能源解决方 案提供商转型，尤其在燃气轮机的维修与服务领域，公司凭借其技术优势在行业中处于领先地位。2025 年一季度，公司归母净利润较上年同期大幅增长337.83%，发展势头强劲。随着中国"3060"碳达峰碳中 和政策的推动，燃气轮机作为清洁能源设备的应用场景正在快速扩展，杭汽轮在这一领域的投资潜力愈 加显著，未来的市场前景可期。 此次重组，也获得了控股股东的大力支持。此前，其间接控股股东杭州资本出具《承诺函》，为此次组 保驾护航。根据承诺函，在特定条件下，杭州资本将投入不超过15亿元用于增持，且增持股份自换股实 施完成之日起三十六个月内不出售，极大保障了投资者利益。 5月7日，杭汽轮B(200771)发布公告称，将于6月6日召开2025年第二次临时股东大会，审议表决与海联 讯（300277）合并重组事项相关的15项议案。 此次合并重组的实施，将推动杭汽轮从B股市场迈向A股市场。分析来看，A股市场作为国内企业的主 要上市板块，涵盖众多新兴产业和热门行业，交易更为活跃，同时信息透明度较高，吸引国内外众多投 资者。在资本市场中，A、B ...