今年3月6日，全国温室气体自愿减排交易市场首批国家核证自愿减排量（CCER）完成登记，已登记的 项目减排量共948万吨。有出售意愿的项目业主将CCER从注册登记系统转入交易系统，并于3月7日在 北京绿色交易所开展交易。在金融如何具体支持行业转型方面，张兴提出多项建议如强化绿色金融精准 支持、发挥碳定价与市场机制作用、推动绿色银行治理转型等。张兴强调，银行业应"积极跟踪国际银 行业绿色金融的前沿发展动态"，提升专业能力与市场形象。 另外，商业银行还应扩大绿色投融资规模，创新绿色基金、转型债券、转型贷款等产品，并推动绿色金 融数字化转型，运用物联网、大数据、人工智能等技术提升绿色资产识别与碳核算效率。建立健全气候 风险识别与管理体系，开展气候风险压力测试，防范"黑天鹅"与"灰犀牛"事件。张兴特别指出，要"推 动碳账户、碳质押、碳远期等金融工具创新，积极参与全国碳市场建设，服务碳资产管理和市场化减 排"。 实现能源资源行业"双碳"目标是一项系统工程，需要政策、科技、金融协同发力。"十五五"期间，金融 机构应把握绿色转型机遇，完善服务体系，创新金融工具，为构建绿色低碳循环发展的经济体系提供坚 实支撑。在全球气候治理进 ...

【智通财经11月13日讯】吉林电力股份有限公司（证券代码：000875，简称"吉电股份"）今日发布公告 称，为落实发展战略、持续提升盈利能力，公司全资子公司白城吉电瀚海发电有限公司拟投资建设白城 二期2×66万千瓦保供煤电项目，项目总投资56.98亿元。该事项已获公司董事会审议通过，尚需提交股 东会批准。 公告显示，公司于2025年11月13日召开第十届董事会第三次会议，以9票赞同、0票反对、0票弃权的表 决结果审议通过了《关于投资建设白城二期2×66万千瓦保供煤电项目的议案》。此次投资不构成重大 资产重组或关联交易。 项目概况：2×66万千瓦超超临界机组 配套智慧电厂及环保设施 根据公告，该项目拟建设2×66万千瓦级超超临界、一次再热、凝汽式湿冷燃褐煤发电机组，机组具备 供热（蒸汽）能力，将配套建设烟气脱硫、脱硝和高效除尘设施，并预留CCUS（碳捕集利用与封存） 装置和液氨掺烧建设条件。同时，项目将同步建设智慧电厂及燃料智能化系统，以满足《新一代煤电升 级专项行动实施方案（2025-2027年）》新建机组相关要求。 吉电股份在公告中强调，该项目是国家及吉林省双重重点保供煤电项目，已纳入国家"十四五"规划，符 ...

Core Insights - The future competition in the oil market will revolve around the dynamic balance between "rule power" and "material strength," with participants needing to effectively convert resource potential into rule-making, value innovation, and alliance management capabilities [1][5]. Group 1: Key Dimensions of Competition - Rule Reconstruction Ability: OPEC is transitioning from a traditional production controller to a technology standard setter and geopolitical coordinator, reshaping market expectations through gradual production increases [2][5]. - Expectation Management Mechanism: The current market pricing logic has shifted from traditional supply-demand dynamics to a "geopolitical-financial spiral," highlighting the competition driven by rule reconstruction and psychological expectations [2][5]. - Value Innovation System: The U.S. shale oil industry is facing a transformation dilemma from "technological dividends" to "capital-driven" models, weakening its soft power value creation ability [2][3]. Group 2: Strategic Pathways - Differentiation among leading companies is emerging, with U.S. shale producers relying on financial innovation for production adjustment, Middle Eastern oil companies creating energy-technology-value ecosystems through sovereign wealth funds, and European giants aiming to become carbon-neutral standard exporters [4][5]. - OPEC's strategy is shifting from passive production cuts to proactive production increases to capture market share, utilizing tactics that disrupt market expectations to reconstruct pricing rules [5][6]. Group 3: Soft Power Transformation - OPEC's transformation strategy includes becoming a technology standard setter and balancing geopolitical pressures through differentiated production policies [5][6]. - The competition in the oil market will increasingly focus on standard-setting capabilities, expectation management levels, and geopolitical negotiation wisdom [6][9]. Group 4: U.S. Shale Oil Challenges - The U.S. shale oil industry is encountering a soft power dilemma due to technological standardization leading to a loss of innovative potential and a valuation crisis driven by capital markets reshaping traditional energy valuations [7][8]. - The industry faces a critical turning point where the standardization of technology has led to a collective "innovator's dilemma," trapping companies in efficiency traps created by their own innovations [7][8]. Group 5: Russia's Adaptive Strategies - Russia has diversified its export markets, increasing its share in Asia from 34% in 2019 to 82% in 2024, showcasing its ability to adapt to geopolitical pressures [9][10]. - The country employs a dual strategy of maintaining trade flow through discounted prices while using energy contracts to weave special relationship networks, indicating a nuanced approach to soft power competition [10][11]. Group 6: Demand-Side Soft Power Reconstruction - As global refined oil consumption peaks, oil-producing countries need to reconstruct their value propositions on the demand side, focusing on new growth areas like aviation fuel [11][12]. - The application of AI and digital twin technologies is emerging as a new soft power carrier, with companies like Saudi Aramco developing advanced models to enhance their competitive edge [11][12].

Core Insights - The successful operation of the world's largest coal power carbon capture demonstration project at Huaneng Gansu Zhengning Power Plant marks a significant breakthrough in the industrial application of carbon capture, utilization, and storage (CCUS) technology in China [1][2] Group 1: Project Overview - The CCUS project has a carbon capture capacity of 1.5 million tons per year, equivalent to planting nearly 13 million trees [1] - The project achieves 100% domestic production of the entire technology chain from capture, compression to storage [1] Group 2: Technological Innovations - The project features three major technological breakthroughs: 1. A composite absorption tower design with a capture rate exceeding 90% and purity over 99%, significantly reducing energy consumption [1] 2. The introduction of a domestically developed eight-stage gear-type CO2 compressor, which reduces electricity consumption by 10 kWh per ton of CO2 and improves transportation efficiency by 10% [1] 3. The establishment of the deepest saline aquifer storage project in China, with a single well capable of storing 200,000 tons of CO2 annually, supported by a comprehensive monitoring system [1] Group 3: Industry Implications - The project creates a collaborative operational model of "coal power + carbon capture," allowing dynamic adjustment of the carbon capture system based on grid load, thus providing a demonstration case for traditional thermal power companies to explore low-carbon transformation while ensuring supply and efficiency [1] - The advancement of CCUS technology is expected to drive the development of emerging industrial chains such as carbon capture equipment manufacturing, carbon transportation services, and storage monitoring, providing new growth points for energy state-owned enterprises' green transformation [2]

Core Insights - The "China Energy Outlook (2025-2060)" report indicates that the reduction and substitution of fossil energy will be crucial for China to achieve its carbon peak and carbon neutrality goals [1][2][3] Group 1: Carbon Emissions and Industry Impact - Energy activities account for nearly 90% of China's total carbon dioxide emissions and about 30% of global energy-related emissions, making it a key area for achieving "dual carbon" goals [1] - In 2024, carbon emissions from energy activities are projected to be approximately 11.2 billion tons, reflecting a 1.2% increase from the previous year, with the power generation, steel, chemical, and building materials industries contributing to about 80% of total emissions [1][2] Group 2: Future Projections and Trends - The report forecasts that coal consumption will peak between 2026 and 2028, while oil consumption will remain stable with a slight decline from its current plateau [2] - By 2030, energy-related carbon emissions are expected to reach a peak range of 11.4 to 11.6 billion tons, and by 2035, they are projected to decrease to around 10.8 billion tons, approximately 6% lower than the peak [2] Group 3: Long-term Carbon Neutrality Goals - The report suggests that through fossil energy reduction, large-scale development of carbon capture, utilization, and storage (CCUS), and forest carbon sinks, China can achieve carbon neutrality by 2060 [3] - From 2036 to 2060, carbon emissions are expected to decline rapidly, reaching approximately 9.5 billion tons in 2040, 6 billion tons in 2050, and 2.3 billion tons by 2060 [3] - By 2060, CCUS is anticipated to contribute to a reduction of about 1.3 billion tons of carbon emissions annually, alongside land-based forest carbon sinks capable of absorbing 1.5 to 2 billion tons per year, facilitating the achievement of national carbon neutrality [3]

Report Summary 1. Report Industry Investment Rating No information provided. 2. Core Views - Last week, carbon quota trading prices declined in the European, US, and South Korean carbon markets, while the trading volume in the South Korean carbon market increased significantly. The cumulative trading volume of carbon emission allowances in the national carbon market decreased, while the weekly trading volume in domestic pilot carbon markets increased substantially. Two important events occurred in the field of green development [1]. 3. Summary by Directory 3.1 International Carbon Trading Market Tracking - **European Carbon Quota Price and Volume**: EUA spot price dropped by 3.53% to 69.48 euros/ton, and the trading volume rose by 54.3% to 28.7 tons. EUA futures price decreased by 3.59% to 70.41 euros/ton, and the trading volume declined by 24.11% to 335.2 tons [5]. - **US Carbon Quota Price and Volume**: EUA futures price fell by 3.59% to 70.41 euros/ton, and the total trading volume decreased by 21.91% to 135.26 million tons. UKA futures price dropped by 0.83% to 51.26 pounds/ton [9]. - **South Korean Carbon Quota Price and Volume**: KAU24 spot price decreased by 0.11% to 8940 won/ton, and the trading volume soared by 132.64% to 118.81 tons [15]. 3.2 Domestic Carbon Market Tracking - **National Carbon Market Carbon Quota Volume and Average Transaction Price**: The cumulative trading volume of carbon emission allowances (CEA) was 212.23 tons, and the cumulative transaction amount was 145.6572 million yuan. Both the trading volume and transaction amount decreased by 37.57% and 39.44% respectively. The average daily transaction price of CEA was 68.42 yuan/ton, down 3.56% [19]. - **Weekly Average Transaction Price of Carbon Quotas in Domestic Pilot Provincial and Municipal Carbon Markets**: Except for Guangdong Province, the weekly average transaction price of carbon quotas in domestic pilot carbon markets showed an upward trend. Compared with the same period last month, except for Guangdong and Shenzhen, the prices in other regions also increased. Beijing had the largest increase of 21.17% [23]. - **Trading Volume and Transaction Amount of Carbon Quotas in Domestic Pilot Provincial and Municipal Carbon Markets**: Trading was mainly concentrated in the carbon markets of Guangdong, Hubei, Shenzhen, and Tianjin, accounting for 99.04% of the total weekly trading volume and 98.13% of the total weekly transaction amount. The total weekly trading volume in domestic pilot carbon markets was 29.44 tons, a significant increase of 357.3% [25]. 3.3 Tracking of Frontier Technologies in the Dual - Carbon Field - **Release of the Report "Prospects for Industrial Low - Carbon Technologies under China's Carbon Neutrality Goal"**: From 2025 - 2035, it will be a period of large - scale application of low - carbon process technologies in China's industrial sector. From 2035 - 2050, process - disruptive technologies will be in the application stage, and from 2050 - 2060, carbon removal technologies will be deeply applied. The report also put forward a series of policy suggestions [26]. - **CCUS Technology Becomes a Key Path for Deep Decarbonization, and Government - Enterprise Collaboration Builds a Green Industrial Ecosystem**: On May 30, the first domestic production base of Hopu Green Carbon (Shenzhen) Energy Technology Co., Ltd. broke ground. It will have an annual production capacity of 1.5 million tons of carbon dioxide capture equipment. Globally, the number of CCUS projects is growing rapidly, and China's CCUS technology research and engineering demonstrations have also made rapid progress [28].