新贡献的分量，折射出全球绿色转型的中国行动。过去10年间，中国不断加强应对气候变化南南合作， 坚持共建绿色"一带一路"，让绿色发展成果惠及全球南方，为全球低碳产业升级和减排实践提供了丰富 的公共产品。作为全球最大清洁技术出口国，中国迄今已向全球提供了60%的风电设备、70%的光伏组 件设备，推动全球风电和光伏发电成本分别下降超过60%和80%，"十四五"期间出口风电和光伏产品累 计为其他国家减少碳排放约41亿吨。截至今年9月，中国已与42个发展中国家签署54份气候变化南南合 作谅解备忘录，累计实施300多期能力建设项目，自2016年以来已为发展中国家应对气候变化提供并动 员项目资金总额超过1770亿元，为其他发展中国家应对气候变化提供了有力支持。 新主张的远见，彰显构建人类命运共同体的中国理念。中国始终将自身发展与世界整体发展紧密联系在 一起，推动国际社会共走绿色、低碳、可持续发展之路。中国始终坚定维护《联合国气候变化框架公 约》确立的多边机制，积极参与和引领全球气候治理。中国持续为尊重发展中国家的发展权发声，呼吁 发达国家切实履约，向发展中国家提供更多资金和技术支持，通过全球绿色转型缩小南北差距，推动构 建 ...

Core Insights - The recent guidance from the National Energy Administration emphasizes the development of low-cost, long-duration vanadium-based, iron-based, and organic flow battery systems, enhancing the intrinsic safety of storage batteries [1] - Traditional mining is entering a critical opportunity period for green transformation, with Yongtai Energy leveraging its vanadium resources and technology advantages to implement a full industry chain layout for vanadium battery energy storage [1][5] - The integration of "solar storage fusion + technological innovation" by Yongtai Energy addresses safety and low-carbon development challenges in mining, providing replicable "green mining" solutions for the industry [1] Industry Context - The regulatory requirements for energy storage equipment, including "high safety, high reliability, low cost, and long duration," align closely with the core needs of mining operations [2] - Mining production demands stable power supply and adaptability to extreme environments, making energy storage technology essential for transitioning from high-carbon to green low-carbon operations [2] - Vanadium flow batteries are particularly suited for mining scenarios due to their long-duration storage, high safety, and long cycle life, with policy support accelerating their penetration into the mining sector [2] Project Implementation - Yongtai Energy's Nanshan Coal Mine solar-storage integrated vanadium battery energy storage station is a practical example of policy implementation, set to be operational by September 2024 [2] - The project integrates 2.7 MWp of distributed solar power with a 1.5 MW/6 MWh vanadium battery storage system, achieving dual benefits of "clean replacement + safety backup" for energy supply [2] - By September 2025, the project is expected to generate 2.94 million kWh of solar power and complete 186 charge-discharge cycles, saving significant operational costs for the mine [3] Technological Advancements - Yongtai Energy's Singapore subsidiary, Vnergy, has made significant breakthroughs in vanadium flow battery technology, addressing high electrolyte costs, narrow temperature adaptability, and capacity enhancement challenges [4] - The newly developed solid capacity-enhancing material can reduce electrolyte costs to 40%-60% of traditional solutions and expand the operational temperature range from 10°C-40°C to 5°C-70°C, eliminating the need for additional temperature control equipment [4] - Vnergy has initiated collaborations with various domestic and international companies, indicating a promising trend for global technology output [4] Strategic Positioning - Yongtai Energy has established a comprehensive advantage in the vanadium battery energy storage industry by integrating resources, technology, and projects [5] - The company aims to leverage its full industry chain advantage and deep experience in the coal mining sector to facilitate the transition from "black coal" to "green energy" [6] - The exploration of energy storage in mining by Yongtai Energy is expected to open a second growth curve for the company and lead the industry in forming a closed-loop system of "vanadium resources - storage technology - mining applications" [6]

Core Viewpoint - The event "Entering Zero Carbon Factory: 'Dual Carbon' Services to Strengthen Enterprises and Supply Chains" was held, highlighting the achievements of Yingjia Group in green and low-carbon transformation, marking a significant step in sustainable development for traditional industries [1] Group 1: Achievements and Recognition - Yingjia Group was awarded the Zero Carbon Factory certificate, following its recognition as the first "National Green Factory" in the liquor industry, showcasing its leadership in green transformation [1] - The event was co-hosted by the China Certification and Accreditation Association and the China Alcoholic Drinks Association, emphasizing the collaborative effort in promoting sustainability in the industry [1] Group 2: Company Initiatives and Philosophy - Yingjia Group's Vice President, Gong Dejiang, shared the company's experience in creating a zero-carbon factory, highlighting its early adoption of the "Ecological Brewing" concept in the 1990s [1] - The company has developed a comprehensive ecological system consisting of six components: ecological production areas, ecological water sources, ecological brewing techniques, ecological recycling, ecological aging, and ecological consumption [1] - Chairman Ni Yongpei stated that the zero-carbon factory will serve as a new starting point for the company to enhance technological progress and embrace a green, low-carbon development path while fulfilling social responsibilities [1]

武钢有限累计投入154亿元实施135个超低排放改造项目，永久关闭3座高炉，实现"废水 零排放、废气超低排、固废不出厂"，下步将全面实施高炉绿色低碳改造、三年内再实现降 碳20％。中韩石化、武汉有机等12家企业入选全市"无废工厂"，武钢有限等企业成功创建重 污染天气环保绩效A级企业，成为环保绩效"优等生"。 深入推进绿色低碳转型发展，该区经济效益、生态效益同步增长。"十四五"期间，GDP 连续跨越800亿元、900亿元，迈上千亿元台阶，同时工业废气、废水主要污染物排放总量 较"十三五"末期减少45％，空气质量优良天数增加了55天，PM2.5年均浓度下降15.1％。 9月25日，武汉市政府新闻办召开"高质量完成'十四五'规划 奋力谱写中国式现代化武 汉篇章"系列新闻发布会（第六场），聚焦武汉推进美丽武汉建设。通过持续打好蓝天、碧 水、净土保卫战，青山区打造出一条全国一流的长江岸线。 青山区副区长雷敏介绍，青山区坚持把修复长江生态环境摆在压倒性位置，实施长江高 水平保护十大攻坚提升行动，全面完成沿江19家化工企业"关改搬转"、281个长江入河排污 口整治，长江青山段水质稳定保持Ⅱ类，青山北湖、严西湖水质达到近五年最 ...

践诺笃行 共同书写全球气候治理新篇章 ——在联合国气候变化峰会上的致辞 （2025年9月24日） 9月24日，国家主席习近平在联合国气候变化峰会发表视频致辞。 9月24日，国家主席习近平在联合国气候变化峰会发表视频致辞。新华社记者 黄敬文 摄 习近平宣布中国新一轮国家自主贡献：到2035年，中国全经济范围温室气体净排放量比峰值下降 7%-10%，力争做得更好。非化石能源消费占能源消费总量的比重达到30%以上，风电和太阳能发电总 装机容量达到2020年的6倍以上、力争达到36亿千瓦，森林蓄积量达到240亿立方米以上，新能源汽车成 为新销售车辆的主流，全国碳排放权交易市场覆盖主要高排放行业，气候适应型社会基本建成。 原文如下： 二要担当尽责。全球绿色转型应当坚持公平公正，充分尊重发展中国家的发展权，通过转型缩小而不是 扩大南北差距。各国应当坚持共同但有区别的责任原则，发达国家应当落实率先减排义务，给发展中国 家提供更多资金和技术支持。 三要深化合作。当前，全球绿色发展需求巨大。各国应当加强绿色技术和产业国际协作，努力弥补绿色 产能缺口，确保优质绿色产品在全球自由流通，让绿色发展真正惠及世界每个地方。 各位同事！ ...

在全球共同应对气候变化、加速绿色低碳转型的背景下，风电作为清洁能源的重要支柱， 正迎来前所未有的发展机遇。最新研究报告显示，全球风电装机容量即将进入高速增长 期，中国市场的快速发展成为关键推动力；与此同时，海上风电与传统市场的结构性挑战 也预示着行业正步入深刻重塑的新阶段。 装机十年内将达"历史性水平" 风电作为清洁能源的重要支柱，正迎来前所未有的发展机遇。 ▲图片由AI生成 海上风电发展压力仍存 尽管目前全球风电市场总体呈持续增长趋势，但伍德麦肯兹对其未来前景仍持谨慎态度。 伍德麦肯兹在报告中指出，全球风电市场整体表现稳定，其中，陆上风电保持稳健增长， 尤其是在欧洲、亚太及部分新兴市场，在招标和项目储备的支持下持续扩展。 近日，伍德麦肯兹最新发布《全球风电市场展望更新：2 0 2 5年第三季度》报告（以下简 称"报告"）预计，未来10年，全球风电市场有望迎来前所未有的增长，实现多个重要里 程碑。其中，未来5年内，全球年均新增风电装机容量将超过1 7 0吉瓦，到2028年后将进 一步提速，并在2 0 3 4年达到峰值200吉瓦。 令人瞩目的是，全球风电累计装机容量将在2 0 3 0年前突破2太瓦。这是全球风电 ...

Core Viewpoint - The Ministry of Industry and Information Technology, along with five other departments, has released a work plan aimed at stabilizing growth in the building materials industry from 2025 to 2026, focusing on capacity control, supply-demand coordination, and promoting technological innovation and green transformation [1][2]. Capacity Control - The plan emphasizes strict control over cement and glass production capacity, prohibiting new capacity for cement clinker and flat glass, and requiring capacity replacement plans for new or modified projects [2][3]. - Analysts note that the national cement price index is at a low since 2019, with declining real estate and infrastructure investments leading to weak demand for cement and glass. The plan aims to reverse the downward price pressure by controlling new supply [2][3]. Industry Management - Specific measures include prohibiting the transfer of cement clinker and flat glass capacity from non-key air pollution prevention areas to key areas, and requiring cement companies to align actual capacity with registered capacity by the end of 2025 [3]. - The plan encourages the elimination of outdated production capacity based on quality, environmental, energy consumption, and safety standards, promoting the exit of low-performing companies [3]. Profitability Enhancement - The plan aims to improve the profitability of the building materials industry, with expectations for a recovery in the sector and an increase in technological innovation capabilities from 2025 to 2026. It targets green building materials revenue to exceed 300 billion yuan by 2026 [4]. - Recent data shows that 73 listed building materials companies generated 305.5 billion yuan in revenue but only 11.8 billion yuan in net profit in the first half of 2025, indicating significant pressure on profitability [4]. - The shift in policy focus from scale to quality and efficiency is expected to foster a virtuous cycle of innovation and profitability, encouraging companies to invest more in research and development [4]. Industry Transition - Industry experts believe that the building materials sector can transition from a focus on quantity to quality by reducing inefficient capacity and promoting technological innovation, especially in light of ongoing reductions in real estate investment and slowing infrastructure growth [5].

来源：市场资讯 （来源：真灼财经） 行业消息 工信部、自然资源部、生态环境部、商务部、市场监管总局等五部门日前联合印发《钢铁行业稳增长工 作方案（2025—2026年）》，近年来，钢铁行业持续下行，稳增长压力较大。一是钢材消费达峰，需求 持续下降。房地产用钢需求短期难以回升，传统建筑用材需求减少，基础设施建设对需求贡献潜力降 低，汽车、造船等制造业需求虽有所增长，但难以弥补传统建材减量。贸易摩擦多发频发，钢材直接出 口不确定性增加。供给能力仍然处于高位，企业竞争进一步加剧。二是近年行业处于微利状态，企业经 营压力不断加大。2024年，钢铁行业利润662.9亿元，同比减少42.6%，行业亏损面较大。今年1至7月， 钢铁行业虽然实现利润830.3亿元，但行业稳增长的基础并不牢固。三是环保和双碳约束进一步趋紧， 绿色低碳转型更趋紧迫。2025年底前全国80%以上的钢铁产能将完成超低排放改造，今年也是钢铁行业 纳入全国碳排放权交易市场的第一年。钢铁企业持续推进绿色低碳技术改造，以及后期运维均需要增加 投入，带来较大资金需求。《方案》的总体目标是推动质的有效提升和量的合理增长。在量的增长方 面，提出了增加值年均增长4% ...

国内市场综述 探底回升 震荡上扬 周三（9 月 24 日）大盘探底回升，震荡上扬。截至收 盘，上证综指收于 3853.64 点，上涨 0.83%；深成指 收于 13356.14 点，上涨 1.8%；科创 50 上涨 3.49%； 创业板指上涨 2.28%，万得全 A 成交额共 23472 亿元， 较前一日有所下降。 行业方面，30 个中信一级行业有 27 个行业上涨，其 中电子、综合、电力设备及新能源涨幅居前，仅有通 信、煤炭及银行小幅下跌。概念方面，半导体、综合 及能源设备等指数表现活跃。 海外市场综述 美国三大股指小幅收跌，特斯拉逆势涨近 4% 周三（9 月 24 日），美国三大股指小幅收跌，道指跌 0.37%，标普 500 指数跌 0.28%，纳指跌 0.33%。万得 美国科技七巨头指数跌 0.28%，谷歌跌超 1%，苹果跌 0.83%。中概股普遍上涨，大全新能源涨超 14%，世纪 互联涨逾 10%。 新闻精要 | 1. 国家主席习近平在联合国气候变化峰会发表视频致 | | --- | | 辞 | 2. 李强出席全球发展倡议高级别会议 3. 六部门联合发布建材行业稳增长方案 转向构建现 代产业体系 4. ...

Core Points - The 2025 China Carbon Market Conference was held in Shanghai, emphasizing the importance of carbon neutrality and low-carbon development in China [1][2] - Shanghai aims to lead in carbon market development, aligning with national "dual carbon" strategies and promoting green transformation [2][3] - The conference highlighted the progress of China's carbon market, including a 60% control of carbon emissions and the establishment of a multi-level policy framework [3][4] Group 1: Conference Overview - The conference was co-hosted by the Shanghai Municipal Government, Hubei Provincial Government, and the Ministry of Ecology and Environment, focusing on enhancing carbon pricing mechanisms and stimulating green development [6] - Key figures from various sectors, including international organizations and local governments, participated in the conference [5] Group 2: Government Initiatives - Shanghai is committed to deepening local carbon market reforms and enhancing green finance standards to support market vitality [2][3] - Hubei Province aims to leverage its carbon registration system to establish a national carbon market center and financial hub [4] Group 3: Future Directions - The Ministry of Ecology and Environment plans to expand the coverage of the carbon market and enhance trading varieties and methods [3] - The conference served as a platform for international cooperation and knowledge exchange in the field of green development [6]