2021年，为全面提升森林生态系统质量，提高林业碳汇能力，南京市绿化园林局组织编制了《南京市林业碳汇三年行动计划》。该行动计划提出，2022- 2024年，通过造林碳汇树种推荐、森林抚育、低产低效林改造、碳汇林示范等措施，森林蓄积量逐年递增；完成森林抚育15万亩，林相改造0.6万亩，启 动森林碳汇示范项目，初步建立林业碳汇计量监测体系。 那么，如今南京的"森林成绩单"完成得怎样了？当前，南京市已完成了林业碳汇计量复测工作，结果显示：全市单位面积森林碳储量较2021年提升 7.78%，2021-2024年间，单位面积碳储量平均增长率为3.59吨/年/公顷。"十四五"期间，全市实施各类造林8.4万亩，其中新增造林3300多亩，开展森林抚 育25万亩、低效林改造和退化林修复3.2万亩。"十五五"期间，南京市还将以"分区施策、精准增汇"为核心，继续提升全市林业碳汇能力。 扬子晚报网12月25日讯(记者王夕悦)记者获悉，"十四五"期间，南京全市实施各类造林8.4万亩，其中新增造林3300多亩，相当于增加了300多个标准足球 场的面积；开展森林抚育25万亩、低效林改造和退化林修复3.2万亩，描摹出绿意盎然的生态底色。 校 ...

Core Viewpoint - The implementation plan aims to guide more financial resources towards ecological protection and industrial development in forestry, focusing on five key areas of support [1][2] Group 1: Key Support Areas - The five major areas of focus include ecological protection and restoration projects, specialty economic forests and under-forest economies, forestry industry transformation and upgrading, forest health and ecological tourism, and forestry carbon sinks and green low-carbon projects [1] - The plan emphasizes financial support for the protection of important water sources in eastern Liaoning and the governance of ecologically fragile areas in western Liaoning [1] Group 2: Major Tasks - Eight main tasks are outlined, including increasing credit support for key areas, utilizing structural monetary policy tools, innovating financial products and service models, enhancing the quality and efficiency of forestry loans, and strengthening financial guarantees for national reserve forest construction [2] - The plan encourages the inclusion of various forestry-related assets, such as land use rights and forestry product operating rights, into the collateral scope for loans, thereby activating dormant forestry assets and attracting more financial resources [2]

证券日报网讯12月4日，岳阳林纸（600963）在互动平台回答投资者提问时表示，公司高度关注省、市 林业碳汇相关项目动态，会根据实际需要积极争取适合公司发展和经营的合作机会。 ...

Core Points - The first "carbon neutrality" forestry joint meeting in the Yangtze River Delta was held in Lin'an, focusing on "biodiversity protection and the integration of natural protected areas with community development" [1] - A significant cooperation outcome was achieved with the signing of the "Framework Agreement for Joint Forestry Carbon Sink Enhancement Action in the Yangtze River Delta" among Shanghai, Jiangsu, Zhejiang, and Anhui [1] - The next steps include collaborative construction of ecological corridors along coastal, river, and lake areas, emphasizing "overall planning, segmented strategies, and collaborative construction" [1] Summary by Sections Meeting Highlights - Experts and forestry department leaders shared practical experiences in natural protection and green development, providing valuable insights for the Yangtze River Delta's ecological protection and common prosperity [1] - The meeting emphasized the integration of ecological wealth, landscape harmony, and green low-carbon initiatives [1] Cooperation Framework - The four regions will collaborate on technical standards, project development, and cross-regional market construction [1] - A "cross-regional joint management task force" will be established to implement a "permanent office and shared responsibilities" mechanism [1] Future Initiatives - Plans include joint inspections and coordinated control in ecologically sensitive areas along the corridors, as well as the establishment of a smart management platform for real-time data sharing [1] - A "special fund" will be set up for ecological restoration of water sources and corridor construction [1][2] Carbon Market Development - The regions will promote the construction of a cross-regional carbon sink market, accelerating the mutual recognition, circulation, and trading of forestry carbon sink products [2] - Focus areas include carbon sink enhancement in forests, wetlands, and bamboo products, along with innovation research and collaborative efforts in measurement and monitoring [2]

Core Viewpoint - China Pacific Insurance (601601) is actively participating in the "Zero Carbon Expo" initiative by purchasing and donating forestry carbon credits, contributing to the ecological and economic benefits of carbon markets [1][2] Group 1: Carbon Market and Ecological Value - The carbon market is becoming a key mechanism for promoting emissions reduction and transforming ecological value into economic benefits [1] - Forestry carbon sinks play an essential role in achieving carbon storage functions due to their significant carbon sequestration capabilities and multiple ecological benefits [1] Group 2: Economic and Environmental Impact - The donation of carbon credits not only supports the "Zero Carbon Expo" but also empowers rural revitalization by converting ecological benefits into tangible economic resources [2] - By purchasing 3,300 tons of forestry carbon credits from Daxing'anling, the company aims to activate dormant forest assets as green capital for rural development [2]

Core Viewpoint - The paper industry in China is facing challenges of "involution," yet Yueyang Forest and Paper (Yueyang Lin Paper) has reported impressive performance in its Q3 financials, highlighting its transformation into a low-carbon pioneer through technological innovation and carbon sink development [1][2]. Financial Performance - Yueyang Lin Paper achieved approximately 2.091 billion yuan in revenue for the first three quarters of 2025, a slight decrease of 2.95% year-on-year, while net profit attributable to shareholders, excluding non-recurring gains and losses, was about 132 million yuan, marking a turnaround from losses [1]. Technological Advancements - The company has established a comprehensive R&D system covering the entire "forest + pulp + paper" chain, investing over 1 billion yuan in technology upgrades and equipment modifications [3]. - A new cultural paper project with an annual capacity of 450,000 tons has been developed, featuring the world's fastest paper machine, which significantly reduces water and energy consumption [3]. Product Innovation - Yueyang Lin Paper is focusing on differentiated products, such as the "Yueyang Tower Soft Light Paper," which utilizes nanomaterials for glare reduction, filling a gap in the domestic market [4]. - The company is also adopting an "eco-friendly packaging" strategy by replacing plastic with paper, responding to national environmental initiatives [5]. Market Expansion - In 2024, the company plans to ship nearly 2,000 standard containers of finished paper globally, enhancing its international competitiveness [6]. - Yueyang Lin Paper is expanding its production capacity through the acquisition of a 100% stake in Hunan Juntai New Materials Technology Co., which will add 400,000 tons of pulping capacity [6]. Carbon Sink Development - As the first state-owned enterprise in the forestry carbon sink sector, Yueyang Lin Paper is developing a sustainable system centered on carbon sinks, leveraging its extensive self-owned forest resources [7]. - The company has won multiple contracts for carbon sink development projects across various regions, indicating its growing influence in the carbon market [8]. Strategic Outlook - The integration of artificial intelligence into the carbon sink development process is underway, aiming to optimize project management and enhance operational efficiency [9]. - Analysts suggest that the company's consolidation of resources and focus on carbon sink initiatives will provide greater flexibility for future growth, especially as the carbon trading market expands [9].

Core Insights - The approval of three national standards related to carbon accounting in terrestrial ecosystems marks a significant step in the establishment of a standardized system for forestry carbon sinks in China [1] - The development of forestry carbon sinks in China is transitioning from pilot projects to a more scaled and regulated phase, driven by the acceleration of the national carbon market [1] Group 1: National Standards and Market Development - The newly approved standards include the "Guidelines for Carbon Accounting in Terrestrial Ecosystems," "Technical Regulations for Forest Management to Increase Carbon Sinks," and "Technical Regulations for Afforestation to Increase Carbon Sinks," reflecting innovative achievements in the forestry carbon sink sector [1] - The Fujian province has established a unified carbon emission trading market and developed the Fujian Forestry Carbon Sink (FFCER) trading product, allowing major emitting enterprises to offset quotas through FFCER, with a cumulative transaction volume of 4.1818 million tons and a transaction value of 66.0733 million yuan as of May this year [1] - Heilongjiang province has developed the "Longjiang Green Carbon" management platform, integrating information on forest rights, carbon storage, and carbon sink status, leading the nation in digital management of forestry carbon sinks [1] Group 2: Challenges and Recommendations - The current status of forestry carbon sink resources is unclear, with insufficient data on quantity, quality, distribution, and future carbon sink rate changes, which hampers scientific planning and precise policy implementation [2] - There are significant professional barriers in the development and verification of forestry carbon sink projects, leading to long development cycles and high difficulty due to a lack of professional capacity [2] - Recommendations include clarifying resource baselines and improving policy standards, as well as enhancing technological support and talent development in key areas such as carbon measurement, monitoring, and assessment [2]

Core Viewpoint - The collective forest rights system reform is a significant initiative personally planned and promoted by General Secretary Xi Jinping, aiming to enhance ecological product value realization and improve the livelihoods of rural residents through innovative forest rights systems [1][4]. Group 1: Reform Implementation - Fujian, Jiangxi, and Chongqing are leading regions in the collective forest rights system reform, focusing on the implementation of the "Deepening Collective Forest Rights System Reform Plan" [1]. - The reform aims to achieve a balance between ecological protection and economic development, with Fujian province showcasing successful experiences and outcomes [4][6]. Group 2: Economic Impact - In 2024, the total output value of the forestry industry in Fujian reached 812.1 billion, marking a 6.1% year-on-year increase, positioning it among the top in the country [8]. - The province has the largest bamboo forest area and annual bamboo shoot production in the nation, with over 180 million people engaged in the under-forest economy [8]. Group 3: Innovative Practices - The introduction of the "forest ticket" system in Sanming City allows residents to earn income without cutting down trees, effectively addressing financing and resource realization challenges in forestry [10][11]. - Fujian has initiated a "three-multiple" reform pilot program to enhance benefits, operations, and services in the collective forest rights system, resulting in significant reform achievements [13]. Group 4: Environmental and Social Benefits - Since 2002, Fujian has completed afforestation of over 42.7 million acres, increasing forest coverage by 4.6 percentage points to 65.12%, maintaining the highest rate in the country for 46 consecutive years [17]. - The income of farmers in Fujian reached an average of 28,500 yuan in 2024, with forestry-related income accounting for about one-fifth of total income for farmers in key forest areas [17].

Core Viewpoint - Yueyang Lin Paper (600963) announced that its wholly-owned subsidiary, Chengtong Carbon Sink Management (Hunan) Co., Ltd., has recently won the bid for the forestry carbon sink resource cooperation development project in Fuyuan County, Yunnan Province, which is expected to positively impact the company's operating performance and enhance its market influence in the carbon sink sector [1] Group 1 - The project involves forestry carbon sink projects that comply with national policies and can be included in China's voluntary emission reduction projects (CCER) or other international voluntary emission reduction mechanisms (VER, VCS, GS, etc.) [1] - The initial cooperation period for project revenue is set for 20 years [1] - Successful implementation of the project is anticipated to improve the company's brand image and market presence in the carbon sink market [1]

Core Viewpoint - Dongzhu Ecological is a leading company in the domestic ecological restoration and municipal landscape engineering sector, facing performance pressure since 2022 due to industry demand contraction and impairment provisions, but is expected to see gradual alleviation of impairment pressure with the implementation of new PPP policies and government debt relief funds [1] Group 1 - The company has actively expanded into forestry carbon sinks and emerging markets, including winning a significant contract worth 3.5 billion yuan in Laos under the Belt and Road Initiative, which is anticipated to improve its main business operations marginally [1] - A major asset restructuring plan has been announced, involving the acquisition of 89.49% of Kairuixingtong through a combination of share issuance and cash payment, which will allow the company to enter the satellite communication sector and potentially create a second growth curve [1] - If the acquisition of Kairuixingtong proceeds smoothly, it is expected to drive a revaluation of the company's value, leading to an initial coverage rating of "Buy" [1]