摩洛哥世界新闻网站1月5日报道，摩洛哥和瑞士将于2026年1月开始在摩实施"屋顶太阳能500兆瓦"项 目。该项目于2025年12月12日由摩瑞两国政府正式启动，目前正等待项目管理方与负责专项融资的摩当 地银行完成最终技术安排。 除了气候方面的价值，该项目有望创造约15000个直接或间接就业岗位，使参与企业电费降低25%至 40%，从而减少运营成本，提高生产力和盈利能力。 该项目是摩在《巴黎协定》第6.2条框架下，首次通过减排量转移方式开展合作。瑞士将通过该机制为 摩安装屋顶太阳能系统提供资金，而由此产生的温室气体减排量将计入瑞士的国家自主贡献。此次合作 使摩成为全球第三、非洲第二、中东和北非地区首个根据该条款实施项目的国家，进一步巩固了其作为 气候领域领先者的地位。 根据计划，500兆瓦的屋顶光伏设备将于2030年前在摩商业和工业领域部署完成，单个项目安装容量不 超过3兆瓦，设备安装在建筑物屋顶并接入国家电网。项目资金共5亿美元，由瑞士气候基金会提供，通 过摩当地银行拨付。参与企业须拥有太阳能系统，不得同时获得其他财政补贴，并同意将减排量转让。 所有项目还须符合严格的技术、监测、报告及核查要求。 ...

废弃食用油甲酯需求强劲 荷兰一家生物柴油贸易商称："氢化植物油(HVO)成本居高不下，将进一步推高废弃食用油甲酯的市场 需求。" 近期，欧盟《可再生能源指令Ⅲ》正在欧盟各主要成员国逐步落地，欧洲生物柴油市场的从业者密切关 注这一进程。从业者表示，德国与荷兰计划从2026年起取消对先进生物燃料的双重计量激励政策，加之 欧盟提出了更为严苛的温室气体减排目标，这些举措或将大幅改变欧洲生物柴油市场格局与原料选择， 第一代生物柴油重获市场青睐，而废弃食用油甲酯需求也将因此持续强劲。 一代生物柴油重获青睐 所谓双重计量规则，即允许先进生物燃料和废弃原料生物燃料在核算可再生能源目标时按双倍额度计 算。双重计量规则的取消让2026年可再生柴油市场前景向好，其替代品废弃食用油脂甲酯(UCOME)也 将维持旺盛需求，成为高性价比的优选替代品。对于双重计量规则，标普全球能源旗下的普氏能源资讯 消息显示，该规则的取消有望带动市场重新掀起对第一代生物柴油的需求热潮。 荷兰一家生物柴油贸易商表示："若双重计量规则取消，那些温室气体减排效益显著的植物油基生物柴 油理应获得优先发展地位。"一位黑海地区的原料贸易商也持相同观点，他称："市场焦 ...

Investment Rating - The industry investment rating is "Overweight" indicating a positive outlook for the sector [4]. Core Insights - The German government has officially passed legislation to implement the EU's Renewable Energy Directive (RED III), which is expected to boost the demand for HVO (Hydrotreated Vegetable Oil) and UCO (Used Cooking Oil) [4]. - The RED III directive, effective from 2023, mandates EU member states to transpose it into national law by May 21, 2025, with Germany setting a higher greenhouse gas (GHG) reduction target of 19% for gasoline and diesel by 2030, compared to the EU's unified target of 14.5% [4][5]. - The cancellation of double counting for advanced biofuels is expected to convert "accounting quotas" into "physical volumes," significantly increasing the demand for HVO and UCO [4]. - The removal of POME (Palm Oil Mill Effluent) from compliance eligibility is set to take effect in 2027, although its impact is considered limited due to the declining share of palm oil in EU biodiesel feedstocks [4]. - The report suggests a positive outlook for biodiesel development across road transport, shipping, and aviation, with specific companies recommended for investment: Shandong Hi-Speed Energy, Hainan New Energy Technology, Longkun Technology, and Weili [4]. Summary by Sections Legislative Developments - The German cabinet's approval of the RED III legislation is a significant step towards enhancing HVO and UCO demand [4]. - The legislation aims to increase the GHG reduction target for the transportation sector, with a gradual rise to 59% by 2040 [4]. Market Implications - The cancellation of double counting is anticipated to enhance HVO profitability, indirectly raising SAF (Sustainable Aviation Fuel) prices due to reduced supply [4]. - The report highlights the importance of monitoring the legislative progress in other EU member states as they implement RED III [4]. Company Valuations - Key companies in the sector are evaluated with projected net profits and market capitalizations, indicating potential investment opportunities [6]. - For instance, Shandong Hi-Speed Energy is projected to have a net profit of 1.05 billion in 2025, with a PE ratio of 33 [6].

Core Viewpoint - The Governor of Hokkaido, Naomichi Suzuki, has agreed to restart the No. 3 reactor at the Tomari Nuclear Power Plant, which is expected to enhance stable electricity supply and contribute to economic growth and greenhouse gas reduction in Hokkaido [2][4]. Group 1: Restart Process and Safety - The restart of the nuclear power plant requires consent from the Governor of Hokkaido and the heads of four municipalities surrounding the plant, all of whom have expressed their agreement [4]. - The No. 3 reactor passed safety inspections by the Nuclear Regulation Authority in July, and the governor plans to communicate this decision to the central government promptly [4][12]. Group 2: Economic Implications - Restarting the nuclear power plant is anticipated to improve investment predictability, thereby attracting businesses and expanding job opportunities in Hokkaido [4][5]. - The restart is projected to lead to a reduction in household electricity prices by approximately 11% and a 7% decrease in corporate electricity prices, marking the largest price drop associated with a nuclear restart among major power companies [11]. Group 3: Competitive Electricity Pricing - Hokkaido Electric Power currently has the highest electricity prices in Japan, with household rates at 9,376 yen, compared to lower rates in regions with operational nuclear plants [8][11]. - The reliance on fossil fuels for electricity generation makes costs susceptible to geopolitical risks, while the introduction of nuclear power is expected to stabilize and lower electricity prices [7][11]. Group 4: Future Developments - The company plans to restart the remaining No. 1 and No. 2 reactors, with the potential for further price reductions to align with national averages if all three reactors are operational [12]. - The anticipated energy mix by 2030 is expected to consist of nearly 40% from nuclear and thermal power each, with over 20% from renewable sources, significantly diversifying the current reliance on thermal power [12].

协议还将覆盖建筑和道路交通的碳排放交易体系的启动时间从2027年推迟至2028年。 欧洲议会10日发布消息说，欧洲议会与欧盟理事会9日晚就修订《欧洲气候法》达成一项临时政治协 议，拟将2040年欧盟温室气体净排放量较1990年水平减少90%，为到2050年实现气候中和设定新的中期 约束性目标。 根据协议，立法机构同意在如何实现2040年目标方面为成员国引入更多灵活性措施。自2036年起，成员 国可通过购买其他合作国家的国际碳信用额度抵消减排任务，但最高不能超过1990年排放总量的5个百 分点。 欧盟于2021年通过《欧洲气候法》，将2050年实现气候中和确立为成员国必须遵守的法律义务，并设定 到2030年将温室气体净排放量较1990年水平减少至少55%的约束性目标。设定2040年温室气体减排目标 被视为欧盟履行其国际气候承诺的重要一步。 （文章来源：新华社） 按照协议，欧盟委员会将参考最新科研数据、技术发展及欧盟竞争力状况，每两年评估成员国实现中期 目标的进度。评估后如有必要，欧盟委员会可提出修改提议，包括调整2040年目标或出台额外配套措 施。 欧洲议会将对这项非正式协议进行投票，欧盟理事会也需予以批准。该 ...

下一步，生态环境部将加快推进自愿减排方法学体系建设，尽早实现重点领域全覆盖。同时，积极推动 减排项目开发落地，激励引导社会资本精准流向减排潜力大、综合效益突出的领域，为实现国家自主贡 献目标贡献力量。 《 人民日报 》（ 2025年12月03日 13 版） (责编：岳弘彬、牛镛) 本报北京12月2日电 （记者寇江泽）生态环境部与国家能源局近日联合发布3项针对海陆油气田的温室 气体自愿减排项目方法学，这是全国温室气体自愿减排交易市场首次将支持范围扩充到油气开采领域， 通过市场机制破解油气甲烷回收利用难题。 甲烷是全球第二大温室气体，是当前国际社会应对气候变化亟须管控的重点温室气体。在油气开采过程 中，常会产生大量甲烷气体。受技术、成本等因素限制，油气田通常会选择将这些气体直接排放或燃烧 处理，造成温室气体排放和能源浪费。 此次发布的方法学，旨在引导企业改进处理方式，将甲烷转化为可利用的清洁能源。在实现甲烷有效管 控的同时，推动降碳、减污与资源回收利用的协同增效，切实提升项目的环境效益与经济效益。本次方 法学设计过程中，充分借鉴了国际自愿减排机制的成熟经验，并结合我国油气行业实际，提升项目开发 和后续监管的可操作 ...

Core Insights - The European Environment Agency (EEA) reports a 2.5% decrease in greenhouse gas emissions for the EU in 2024 compared to 2023, and a 37% reduction from 1990 levels [1] - The EU is making steady progress towards its 2030 targets of a 54% reduction from 1990 levels and a mid-term goal of 55% [1] - Achieving the 2030 renewable energy target of 42.5% will be challenging, requiring a doubling of annual new renewable energy capacity compared to the past five years [1] Group 1 - The report highlights the importance of technologies such as heat pumps and electric vehicles in meeting renewable energy goals [1] - There are concerns regarding declining sales of new electric vehicles and stagnation in greenhouse gas reductions in certain sectors and member states [1] - The transportation sector's increasing demand is offsetting the benefits of reduced emissions per new vehicle, hindering decarbonization efforts [1] Group 2 - The EU Council reached an agreement on the 2040 greenhouse gas reduction targets, emphasizing the need to enhance carbon sink development and accelerate decarbonization in the transportation sector [2] - The implementation of National Energy and Climate Plans (NECP) is crucial for achieving these targets [2]

Core Viewpoint - Lawmakers from 12 countries in Latin America are calling for enhanced regulatory frameworks for the mining of minerals such as lithium, nickel, niobium, and rare earths to ensure sustainable and socially just practices in response to climate change and sustainable development [1] Group 1: Regulatory Frameworks - A joint statement signed by 37 lawmakers emphasizes the need for legislative bodies in Latin America to strengthen regulations on mining activities [1] - The proposed regulatory frameworks aim to align mining practices with sustainability and social justice standards [1] Group 2: Climate Financing - The statement urges developed countries to fulfill their existing climate financing commitments [1] - It advocates for diversified sources of financing and a shift in fossil fuel subsidy directions [1] Group 3: Resource Supply Stability - The lawmakers propose the establishment of regional mechanisms to ensure the stability and accessibility of relevant resource supplies [1] Group 4: Transparency and Accountability - The statement suggests using clear standards to quantify public climate expenditures and enhance transparency in related spending [1] - It calls for the establishment of mechanisms at the parliamentary level to strengthen the oversight of greenhouse gas reduction tasks [1]

Group 1 - The European Parliament approved a position document on the revision of the European Climate Law, supporting the introduction of a legally binding mid-term climate target for 2040 [1][2] - The document requires the EU to reduce greenhouse gas net emissions by 90% compared to 1990 levels by 2040, while also endorsing flexibility measures proposed by the European Commission for achieving this target [1][2] - The European Parliament supports member states purchasing international carbon credits from cooperating countries to offset up to 5% of their reduction obligations starting in 2036 [1][2] Group 2 - The European Climate Law, passed in 2021, established a legal obligation for member states to achieve climate neutrality by 2050 and set a binding target to reduce net greenhouse gas emissions by at least 55% by 2030 compared to 1990 levels [2] - The European Commission proposed a revision in July this year to set a target of reducing net greenhouse gas emissions by 90% by 2040, which was agreed upon by the EU Council [2] - The European Parliament will negotiate with the EU Council on the final legislative version following the agreement on the 2040 target [2]

Core Viewpoint - The Korean industry is urging the government to reconsider the 2035 Nationally Determined Contribution (NDC) target and the fourth phase of the emissions trading system, emphasizing the need for realistic reduction goals that consider industrial capabilities and competitiveness [1][2] Group 1: Industry Concerns - Eight major industry associations, including the Korea Chamber of Commerce and Industry and the Korea Iron and Steel Association, have submitted a joint proposal to the government regarding the upcoming greenhouse gas reduction targets [1] - The industry expresses concern over three of the proposed reduction scenarios (53%, 61%, and 65%), stating that they lack specific pathways for reductions by sector and industry [1] - The industry argues that reasonable reduction targets should be supported by government financial assistance, low-carbon market development, and the establishment of zero-carbon energy infrastructure [1] Group 2: Financial Implications - The industry estimates that during the fourth phase of the emissions trading system, the steel, refining, cement, and petrochemical sectors will need to purchase an additional 910 million tons of emissions rights [1] - At a cost of 50,000 KRW per ton, the total cost for these sectors would reach 50 trillion KRW, which could disadvantage Korean companies in international competition [1] - A representative from the Korea Chamber of Commerce and Industry stated that the industry is not avoiding its reduction responsibilities but seeks to establish a more realistic and feasible target system [1]