COP30还首次将贸易议题纳入成果文件。 长期以来，气候适应处于"资金短缺、行动不足"的境地，导致许多社区暴露在不断加剧的气候影响之 下。 自然资源保护协会国际项目高级副总裁达格内特（Yamide Dagnet）对此不无忧虑。 据新华社报道，这是联合国气候变化大会首次在美国联邦政府缺席的情况下召开。大会达成的系列成果 再次证明：《巴黎协定》是全世界绝大多数国家的共识，全球绿色转型不可逆转。 "随着气候变化的加剧，COP30必须推动各国以更有力、更快、更具创造性的方式来适应气候变化，并 采取有效且快速的减排行动。"达格内特对第一财经记者表示，"十年前通过的《巴黎协定》是全球应对 气候变化的里程碑，推动世界在减排方面取得重要进展。但根据联合国最新报告，目前全球行动的速度 和规模远远不足以应对当前的紧迫形势。随着气候影响不断加剧，我们更需要坚定决心，加快行动步 伐，并重新思考如何建设具有韧性的社区、经济和生态系统。" 呼吁到2035年将适应资金增加两倍 在达格内特看来，COP30必须推动适应融资的规模化增长，将对气候风险和韧性的考量纳入经济规划， 并采用切实可行的指标。 经过此次两周的密集谈判，COP30在最终通过 ...

Group 1: Report Overview - Report Name: Paper Pulp Daily Report [1] - Date: November 14, 2025 [2] Group 2: Investment Rating - No investment rating information is provided in the report. Group 3: Core Viewpoint - In the short - term, pulp prices are strong due to low warehouse receipt quantities and rising overseas November quotes. It is recommended to observe the cost digestion performance of downstream paper enterprises and adopt a wait - and - see approach [7] Group 4: Summary by Directory 1. Market Review and Operation Suggestions - Pulp futures contract 01: The previous settlement price was 5486 yuan/ton, the closing price was 5534 yuan/ton, with an overall increase of 0.87% [7] - Shandong wood pulp market: The intended transaction price range of softwood pulp was 4900 - 6500 yuan/ton, remaining stable compared to the previous trading day's closing price. The quotation of Shandong Yinxing was 5550 - 5580 yuan/ton [7] - Overseas quotes: Finnforest Metsa notified Chinese customers that the November quote for softwood pulp was raised by $20 [7] - Production and sales data: In September, the chemical pulp shipments of 20 major pulp - producing countries increased by 8.3% year - on - year, with softwood pulp up 3.8% and hardwood pulp up 11.8%. Shipments to the Chinese market also increased [7] - Inventory data: As of November 6, 2025, the weekly pulp inventory in major regions and ports decreased by 2.31% month - on - month, with inventory at Qingdao Port and Tianjin Port decreasing [7] - Downstream paper market: The performance of downstream base papers remained differentiated. The packaging paper market continued to be favorable, while other base papers mainly replenished inventory as needed. Tendering for offset paper publication was ongoing, but social demand was limited [7] 2. Industry News - During the 8th CIIE, the sub - forum "Promoting Green Trade Liberalization and Accelerating Global Green Transformation" of the 8th Hongqiao International Economic Forum was held. Zhai Jingli, vice - president of APP, was invited to attend and share the company's innovation exploration in technology and full - industry chain collaboration [8] 3. Data Overview - The report provides multiple data charts, including import softwood pulp spot prices in Shandong, pulp futures prices, pulp spot - futures price differences, softwood - hardwood price differences, inter - period price differences, warehouse receipt totals, domestic main port pulp inventories, European main port wood pulp inventories, prices and price differences of coated paper and offset paper, prices and price differences of white cardboard and white board paper, and the US dollar - RMB exchange rate [14][16][18][24][25][27]

Group 1: Report Information - Report Name: Pulp Daily Report [1] - Date: November 13, 2025 [2] - Research Team: Energy and Chemical Research Team [4] Group 2: Investment Rating - There is no information about the industry investment rating in the report. Group 3: Core View - In the short term, pulp prices are trending stronger due to low warrant quantities and rising overseas quotes in November. It is recommended to monitor the cost digestion performance of downstream paper mills and adopt a wait - and - see approach [7]. Group 4: Summary by Directory 1. Market Review and Operation Suggestions - The previous settlement price of the pulp futures 01 contract was 5,492 yuan/ton, and the closing price was 5,482 yuan/ton, a decline of 0.18%. The intended transaction price range of softwood pulp in the Shandong wood pulp market was 4,870 - 6,500 yuan/ton, remaining stable compared to the previous trading day. The Shandong Yinxing quotation was 5,520 - 5,530 yuan/ton [7]. - Finnforest Metsa notified Chinese customers that the November quote for softwood pulp would be raised by $20. In September, the chemical pulp shipments of the world's top 20 pulp - producing countries increased by 8.3% year - on - year, with softwood pulp up 3.8% and hardwood pulp up 11.8%. Shipments to the Chinese market continued to grow [7]. - As of November 6, 2025, the weekly pulp inventory in major regions and ports decreased by 2.31% month - on - month, with inventory at Qingdao Port and Tianjin Port decreasing [7]. - The performance of downstream base papers remained differentiated. The packaging paper market continued to be favorable, while other base papers mainly replenished inventory as needed. Tendering for offset paper publications was ongoing, but social demand was limited [7]. 2. Industry News - On November 12, during the 8th CIIE, the sub - forum "Promoting Green Trade Liberalization and Accelerating Global Green Transformation" of the 8th Hongqiao International Economic Forum was held. Zhai Jingli, Vice President of Asia Pulp & Paper (APP), was invited to attend and discuss with domestic and foreign political, business, academic, and research guests [8]. 3. Data Overview - The report provides various data charts including import softwood pulp spot prices in Shandong, pulp futures prices, pulp spot - futures price spreads, needle - broadleaf price spreads, inter - delivery spreads, warrant totals, domestic main port pulp inventories, European main port wood pulp inventories, prices and spreads of coated paper, offset paper, white cardboard, and whiteboard paper, and the US dollar - RMB exchange rate [14][16][18][25][26][27]

Core Viewpoint - The event "Ecological Civilization and Beautiful China Practice" at COP30 highlighted China's significant role in renewable energy and the importance of international cooperation in addressing climate change [1][2]. Group 1: China's Role in Renewable Energy - China is recognized for its important contributions to renewable energy and its long-term vision is commendable [1][2]. - The year 2025 marks the 10th anniversary of the Paris Agreement and the 20th anniversary of the "Green Mountains and Clear Water are Golden Mountains and Silver Mountains" concept, emphasizing China's commitment to environmental sustainability [1]. Group 2: International Cooperation and Dialogue - Continuous and deepened dialogue is essential for countries to collectively address the climate crisis, sharing successful experiences and restoring the spirit of cooperation [1][2]. - The past decade has seen dialogue play a crucial role in the evolution of environmental regulations, enabling the passage of effective laws [2]. Group 3: Future Actions and Expectations - There is a call for large-scale coordinated actions to tackle the decisive challenges of the era, integrating ecological protection with economic development [2]. - The COP30 is viewed as a "conference of action," moving beyond discussions to the implementation of solutions [2].

文章批评美国在全球气候治理问题上的不负责任做法，指出美国政府缺席了正在巴西贝伦举行的联合国 气候变化大会，其干扰国际气候合作的做法也引发外界担忧。例如，不久前，美国政府表态拒绝国际海 事组织提出的旨在减少国际航运业温室气体排放的"净零排放框架"。 文章说，与此同时，曾长期将欧盟定位为全球气候行动领域领导者的欧盟各国，如今更强调在竞争力与 气候目标之间寻求平衡、摇摆不定。这一政策调整在一定程度上可能削弱欧洲在气候行动方面的力度。 （文章来源：新华社） 文章指出，在受气候风险影响最严重的发展中国家中，中国的技术与投资发挥着重要作用。 文章赞赏中国在气候行动中的务实态度，指出中国不仅兑现了既有气候承诺，还提出新一轮国家自主贡 献目标，包括到2035年大幅提升可再生能源装机容量，并进一步减少碳排放等。 新华财经赫尔辛基11月12日电 芬兰最具影响力的报纸之一《赫尔辛基日报》11日发表评论文章指出， 中国不仅兑现了既有气候承诺，还提出新一轮国家自主贡献目标，中国是全球绿色转型的重要推动者。 ...

中新网巴西贝伦11月11日电 当地时间11月10日，《联合国气候变化框架公约》第三十次缔约方大会 (COP30)中国角举办首场边会——"生态文明与美丽中国实践"主题边会。习近平生态文明思想研究中心 主任/生态环境部环境与经济政策研究中心主任胡军在会上发表《绿水青山绘就美丽画卷——生态文明 建设的中国创新与世界意义》报告。 图为习近 平生态文明思想研究中心主任/生态环境部环境与经济政策研究中心主任胡军发布报告。中新网记者 林 勐男 摄 本次边会由生态环境部指导，习近平生态文明思想研究中心主办，生态环境部环境与经济政策研究中心 承办，中国新闻网、中国石油天然气集团有限公司大庆油田有限责任公司协办。 习近平生态文明思想研究中心主任/生态环境部环境与经济政策研究中心主任胡军发言全文如下： 今年是"绿水青山就是金山银山"理念提出20周年。借此机会，很高兴和大家介绍《绿水青山绘就美丽画 卷——生态文明建设的中国创新与世界意义》报告的主要内容，共同交流这一理念的理论创新、中国实 践和全球价值。 "聚绿成金"强调"发展绿色产业即创造财富"，通过技术创新、品牌打造、延伸产业链，放大生态资源优 势，推动生态资源从"潜在价值"向" ...

Core Viewpoint - The eighth China International Import Expo is currently being held in Shanghai, emphasizing the need to combat unilateralism and "green protectionism" in the context of global green transformation [1] Group 1: Global Green Trade Challenges - The urgency of addressing climate change and the potential of the green industry are creating strong trade demand, but fragmented green standards and unilateral measures like carbon tariffs are forming new trade barriers [1][2] - The trend of fragmentation in global green trade rules is concerning, as it may lead to new trade barriers that increase costs and uncertainty, hindering the achievement of global climate goals [2] Group 2: Collaborative Governance Mechanism - A deep collaborative governance mechanism involving governments, enterprises, and international organizations is essential to address the challenges of fragmented rules [3] - Enterprises should transition from being "rule executors" to "rule co-creators" to gain true influence in global sustainable transformation [3] Group 3: Recommendations for Green Trade - The report "Towards a New Era of Green Trade: Opportunities, Pathways, and China's Role" suggests five recommendations to overcome institutional barriers to green trade liberalization [5] - Accelerate the construction of a more inclusive multilateral trade framework [5] - Design domestic policy systems that promote green trade development based on national development stages and resource endowments [5] - Strengthen international cooperation and experience sharing to drive green trade liberalization [5] - Leverage digital technology to reduce transaction costs for green technologies and products, especially for small green enterprises in developing countries [5] - Establish a global unified coding system, with China potentially leading the development of a "China Green Trade Statistical Classification Reference Standard" [5]

Group 1: US-China Trade Relations - The US-China trade tensions have escalated since Trump's presidency, with high tariffs causing disruptions in global supply chains [1] - Recent comments from Trump indicate that the high tariffs are unsustainable, leading to a rebound in the US stock market [1][16] - The Australian government has resisted US pressure to decouple from China, emphasizing the economic importance of China as its largest trading partner [3] Group 2: Rare Earth Elements - The US Treasury Secretary criticized China's export controls on rare earth elements, labeling it as "against the world," while G7 discussions on a united response have stalled [4][9] - China controls over 80% of the global rare earth processing chain, making it a critical player in high-tech and military applications [7] - The US's attempts to rally allies against China have been met with hesitance, as countries weigh their own economic dependencies [5][9] Group 3: Shipping and Logistics - The US has imposed additional port fees on Chinese shipping, which China has retaliated against with similar fees on US vessels [10][12] - This tit-for-tat in shipping fees is disrupting logistics and increasing costs for US importers [10][12] Group 4: Technology Sector - Nvidia's market share in China has plummeted from 95% to 0% due to US export controls, highlighting the unintended consequences of such policies [14] - The US's restrictions on technology exports are pushing Chinese companies to innovate and fill the gap left by American firms [14][17] Group 5: Domestic US Issues - The US government shutdown has further complicated trade negotiations, as it hampers the government's operational capacity [16][17] - Trump's acknowledgment that high tariffs are not sustainable reflects the growing pressure from both domestic and international fronts [16][17]

星展香港经济研究部高级经济学家周洪礼表示，在人民币国际化、CNH债券和人民币股票交易方面， 香港的金融机构可以帮助海湾合作委员会发行人筹集CNH和绿色债券，帮助沙乌地阿拉伯资产管理市 场的资产配置实现多样化。 周洪礼指，2015年至2024年期间，沙乌地阿拉伯资产管理部门的总管理资产每年稳步增长12%，2025年 第一季度达到2900亿美元。 （原标题：星展：香港可助力海合会筹集CNH和绿色债券 推动当地资产配置多元化） 智通财经APP获悉，星展香港经济研究部表示，随着海合会与中国的合作日益加深，香港可以发挥超级 联系人的角色，帮助海湾合作委员会发行人筹集CNH和绿色债券，让沙乌地阿拉伯资产管理市场的资 产配置从房地产(36%)和股票(34%)实现多样化。 日前，星展香港经济研究部发表《全球资本新航道：海合会与亚洲的战略交汇》，星展香港首席经济学 家纪沫表示，全球绿色转型和经济放缓，引致收入不确定性及财政赤字，经济改革和多样化带来的投资 需求不断增加，因此需要发行债券以支援经济转型。 纪沫指出，中国方面，海湾合作委员会投资自2014年至2024年起不断增长，以能源部门为主导，占 62%。 海合会和香港已将其E ...

Core Viewpoint - The "Two Mountains" concept, which emphasizes the balance between economic development and ecological protection, has gained significant recognition both domestically in China and internationally, marking its 20th anniversary in 2025 [3][4]. Group 1: Understanding the "Two Mountains" Concept - The "Two Mountains" concept articulates the essential relationship between economic growth and environmental protection, highlighting that prosperity cannot be achieved at the expense of nature [3][4]. - The concept conveys that people require clean water, fresh air, and a healthy environment to ensure sustainable national development while promoting economic and social progress [4]. Group 2: Balance Philosophy and Global Sustainability - The "balance philosophy" inherent in the "Two Mountains" concept recognizes that economic growth and environmental protection are not mutually exclusive, but rather interdependent [6]. - This philosophy aligns with global sustainable development goals, providing a framework for a green transition that benefits current and future generations [6]. Group 3: Global Ecological Issues and Solutions - The primary global ecological challenge is balancing ecological protection with economic development, which requires a collective understanding of the "Two Mountains" concept to formulate comprehensive action plans [8]. - There is a significant gap between knowledge and action regarding climate change, with existing technologies and information available to mitigate its effects, but lacking implementation [8]. Group 4: Opportunities for Global South Countries - Brazil and China have substantial potential for collaboration in sustainable development research and green trade, which can enhance knowledge sharing and technology exchange [9]. - The upcoming COP30 in Brazil presents an opportunity for countries to gather advanced scientific results and foster cooperation in global ecological protection efforts [11].