1月5日，中国南方电网有限责任公司（以下简称"南方电网"）正式启动南网碳交易机制，并与广州市政 府携手，上线广州市碳达峰碳中和监测管理平台（穗碳云），同步发布全国首个超大城市全域电碳数据 库（广州市电碳数据库）。 由广州市人民政府和南方电网共同建设的穗碳云平台，构建了全国首个超大城市全域电碳数据库，整合 了电、气、水、油全品类能源数据，依托碳排放预测模型，结合广州社会经济与产业特色，可高精度预 判全市、区域及行业碳排放趋势，赋能多元碳双控应用场景，为超大城市碳数字治理树立标杆。 南方电网相关负责人表示，"十五五"期间，将把"电碳协同"作为连接电力系统脱碳与全社会碳减排的关 键桥梁，持续加强与产学研用等各界伙伴合作，加快从"电力资源配置平台"向"电碳资源配置平台"战略 升级。 作者：李东海 黄雅熙 刘年 索比光伏网 https://news.solarbe.com/202601/07/50016298.html 据了解，南方电网创新将碳交易机制引入企业碳管理体系，设计"碳配额考核+碳信用引导"运行机制， 积极发挥电力数据优势，建成全国首个以"直采直送"方式高质量采集碳排放数据的企业碳交易机制，具 有碳配额事先核 ...

"十五五"时期，江苏将以力争在2030年前实现碳达峰为目标，加快构建碳双控新机制，推动经济社会发 展全面绿色转型取得更大成效，做好"全面实施碳排放双控制度""加快构建新型能源体系""发展绿色新 质生产力""加快形成绿色生产生活方式"四个方面工作。 扬子晚报/紫牛新闻记者曹卢杰 江苏省发展改革委副主任季鸣介绍，"十四五"期间，江苏全面绿色转型迈出坚实步伐，预计"十四五"能 耗强度累计下降率超14%，超额完成国家下达目标任务。 具体表现在六个方面：一是低碳政策体系落地见效。构建完善碳达峰碳中和政策体系，差异化推动能 源、工业、交通运输、城乡建设等重点领域实施碳达峰专项行动，制定13个设区市碳达峰行动方案，印 发《江苏省加快经济社会发展全面绿色转型若干政策举措》，完善碳达峰碳中和政策体系。二是产业绿 色转型提速增效。全省高新技术产业产值占规上工业比重达51.8%，五年累计提高5.3个百分点；节能环 保、新能源等产业集群融合发展优势明显，"新三样"出口接近全国1/5；加快推动绿色制造体系，全省 累计创建国家级绿色工厂439家、绿色工业园区51家、绿色供应链管理企业80家，水平居全国前列。三 是清洁低碳能源体系加速构建 ...

研讨会上发布了《碳双控政策下陕西省氢能产业发展分析》《碳双控政策下陕甘区域能源-产业协同发 展路径与效益评估》《"西电东送"重塑战略下陕西和甘肃发展定位研究》以及《青岛市微电网经济性影 响研究——基于东软载波胶州工业园区智能微电网案例分析》等多项研究成果。 数据显示，截至2024年底，两省可再生能源装机总量已突破1亿千瓦。研究预测，到2060年，陕西和甘 肃可再生能源装机占比将分别超过88%和92%，风光发电将成为主力电源。 研究指出，当前，在新能源的拉动作用下，西北地区已基本形成包括核心制造、发电运营、支撑服务在 内的产业生态协同系统。陕甘两省呈现"互补中的竞合"格局：陕西省依托火电装机基础和完整的光伏制 造产业链，具备构建"制造-装机-消纳-外送"一体化闭环的潜力；甘肃省则凭借卓越的风光资源禀赋和大 基地开发经验，在跨区外送与"源网荷储"一体化方面优势突出。 来源：环球网 【环球网报道 记者 齐琛冏】依托丰富的风、光资源，陕西与甘肃两省已成为国家可再生能源发展的高 地。近期研究提出，因新能源资源禀赋差异较大且分布不均，陕甘两省均难以独立平稳地完成能源转 型，西北地区的绿色转型是一场涉及能源、产业、制度与区 ...

专题：第七届"中国造隐形冠军"长青恳谈会 第七届" 中国造隐形冠军"长青恳谈会于12 月18日-19 日在北京举行，主题为金融强国与隐形冠军强链。 中国中小企业协会常务副会长马彬出席并致辞。 她指出，经过多年的实践探索，专精特新发展成为我国中小企业高质量发展的主要路径。我国已构建完 备的梯度培育体系，涌现规模不断扩大的专精特新企业群。小巨人中，制造业占比88%，超八成分布在 战略新兴产业链，146家专精特新中小企业进入全球独角兽榜，占我国独角兽企业的43%。"隐形冠 军"企业是专精特新发展的一种形式，它们深耕于细分领域，凭借卓越的技术、精湛的工艺和不可替代 的产品，成为中国制造的"隐形脊梁"。 马彬强调，金融是经济的血脉，是国家核心竞争力的重要组成部分。中小企业是实体经济的重要组成部 分，迫切需要高质量的金融服务。促进产业与金融的畅通循环，是破解中小企业融资难题的主要手段之 一。 责任编辑：王翔 专题：第七届"中国造隐形冠军"长青恳谈会 第七届" 中国造隐形冠军"长青恳谈会于12 月18日-19 日在北京举行，主题为金融强国与隐形冠军强链。 中国中小企业协会常务副会长马彬出席并致辞。 马彬认为，广大中小企业在 ...

Core Points - The meeting emphasizes the importance of technology empowering listed companies and returning value to patient capital, aligning with the current state of the Chinese economy [1] - The 20th Central Committee's Fourth Plenary Session has significant implications for the next five years, particularly regarding the 15th Five-Year Plan [1][2] Group 1: Achievements of Listed Companies - Listed companies have made significant achievements during the 14th Five-Year Plan, with a notable shift towards new and practical characteristics [2] - The number of listed companies in strategic emerging industries has increased, with their proportion rising from 42.6% to 52.3%, a 10 percentage point increase [2] - The profit share of listed companies in the real economy has reached 52%, surpassing the financial sector for the first time [2] - The market capitalization of the electronics sector has exceeded that of banking, with electronics at 12.7% compared to banking's 9.9% [2] Group 2: Innovation and R&D Investment - Innovation capabilities have significantly improved, with R&D investment by listed companies reaching 6.5 trillion yuan, a 189.3% increase compared to previous periods [3] - R&D investment accounted for 21.1% of revenue for listed companies in the first half of the year, reflecting a growing commitment to innovation [3] Group 3: Mergers and Acquisitions - The pace of mergers and acquisitions has accelerated, with over 14,000 cases and a transaction value of 7.6 trillion yuan during the 14th Five-Year Plan [4] - Mergers and acquisitions are seen as a means to optimize resource allocation and achieve technological upgrades [4] Group 4: Dividend Policies and Shareholder Returns - The regulatory framework has strengthened, with a focus on enhancing dividend policies, leading to a cumulative dividend payout of 10.4 trillion yuan, an 85.7% increase [5] - Share buybacks have also increased significantly, from over 200 billion yuan during the 13th Five-Year Plan to over 500 billion yuan [5] Group 5: Corporate Governance and Internationalization - Corporate governance standards have improved, with a focus on independent functioning and regulatory compliance [6] - The international competitiveness of listed companies has increased, with 14% of their business coming from overseas markets [6] Group 6: Future Directions and Strategic Goals - The 15th Five-Year Plan emphasizes high-quality development, with specific goals for nurturing new growth drivers and optimizing industrial structures [7][8] - The plan highlights the importance of deepening the real economy and integrating smart, green, and fusion development strategies [8][9] - There is a strong emphasis on enhancing technological empowerment and increasing R&D capabilities to support high-quality development [9][10]

Summary of the Petrochemical Industry Conference Call Industry Overview - The petrochemical industry in China is transitioning from "dual energy consumption control" to "dual carbon control" policies, imposing stricter energy consumption standards on high-energy-consuming sectors like refining and ethylene, accelerating industry restructuring [1][3] - Old facilities are facing accelerated elimination, with refining capacity accounting for approximately 32% and ethylene capacity for about 17% of total capacity, while refining units below 2 million tons represent 6.5% of total capacity, and ethylene units below 300,000 tons account for 15% [1][3] Market Dynamics - The petrochemical market is currently in a loose bottom oscillation phase, with product price spreads and leading companies' profitability showing a safety margin [1][4] - Overseas refining capacity is gradually exiting due to high oil prices and green transitions, providing recovery opportunities for domestic companies [1][5] - European and Japanese refineries are under pressure from high oil prices, with an expected exit of about 4-5 million tons of ethylene capacity in Europe and some capacity in Japan from 2024 to 2027, impacting the global petrochemical landscape [1][6] Risks and Challenges - The industry faces bankruptcy and consolidation risks, with companies like INEOS, Shell Europe, and some Japanese facilities under operational pressure, leading to potential bankruptcies [1][7] - The Korean petrochemical industry is seeking self-rescue, with old capacities being replaced by new ones, and strict approvals for new projects in the aromatics sector [1][7] Raw Material and Pricing Insights - Oil prices are closely linked to petrochemical product prices, with recent adjustments bringing prices down to around $65 per barrel, releasing previous high-risk levels [1][8] - OPEC's production increase and the cost of U.S. shale oil support oil prices, providing a time window for strategic positioning in the industry [1][8] Investment Opportunities - Recommended companies in the refining sector include Hengli Petrochemical, Rongsheng Petrochemical, Dongfang Shenghong, and Tongkun Co., as well as major state-owned enterprises [2][9] - In the olefin sector, focus on Baofeng Energy and Satellite Chemical, which have significant cost advantages due to their production methods [2][9] - The downstream polyester filament industry and the saw blade sector are also highlighted for their high concentration and favorable self-discipline [2][9] Strategic Positioning - Overall, the petrochemical industry is seen as being in a favorable positioning window due to strict policy approvals limiting new projects, market competition leading to the exit of old capacities, and the gradual recovery of emerging demand [1][10] - Stable raw material prices provide opportunities for left-side positioning, encouraging investors to focus on the highlighted sub-industries and leading companies for strategic opportunities and value enhancement [1][11]