宏观专题 "双碳"政策有望提力加速 2026 年 02 月 25 日 【宏观观点】 2026 年，"双碳"政策有哪些抓手？ 从近期政策总结后续"双碳"政策的主要抓手，我们认为主要有三方 面：零碳工厂的全国推行、碳排放权市场的扩围、以及产品碳足迹因 子数据库的建设。 挖掘价值 投资成长 东方财富证券研究所 证券分析师：王笑笑 证书编号：S1160525020006 证券分析师：方诗超 证书编号：S1160525070005 相关研究 《地方两会系列（一）——经济增长目标》 2026.02.13 2026.02.02 《纵深推进全国统一大市场建设的方向、 举措、效果推演——挖掘经济潜能系列一》 2026.01.25 《2026 年经济会有开门红吗》 2026.01.05 《延续稳中有进发展态势——11 月经济 数据解读》 2025.12.30 宏 观 研 究 / 宏 观 专 题 / 证 券 研 究 报 告 《特&马"将相和"，马斯克链王者归来》 2026 年，"双碳"政策有何不同？ 二十届四中全会以来，"双碳"政策相关部署加速推出，助力"十五五" 冲刺实现碳达峰。我们认为，2026 年"双碳"政策主要可能有两方面 ...

计量审查规范对重点排放单位的碳排放计量管理、计量人员、计量器具、计量数据等进行了规范，明确 了碳排放计量范围包括化石燃料燃烧温室气体排放，生产、废物处置等过程发生的温室气体排放，净购 入的电力、热力消费引起的温室气体排放等。该计量审查规范的正式发布和实施，是我国建立健全碳达 峰碳中和标准计量体系的关键举措，为重点排放单位碳计量管理工作提供了清晰的"路线图"，也为碳排 放权市场的公平、公正交易提供坚实的数据保障。 近日，市场监管总局发布《重点排放单位碳计量审查规范》，将于明年3月8日起施行。这标志着我国重 点排放单位碳计量工作有了明确、统一的计量审查规范指引。 ...

Core Points - The National Development and Reform Commission has released the "Carbon Measurement Review Standards for Key Emission Units," which will take effect on March 8 next year [1] - This marks a significant step in establishing a unified measurement review standard for carbon emissions in key emission units in China [1] Summary by Categories Carbon Emission Measurement Management - The measurement review standards provide clear guidelines for carbon emission measurement management for key emission units [1] - It specifies the scope of carbon emission measurement, including greenhouse gas emissions from fossil fuel combustion, production, waste disposal processes, and emissions from purchased electricity and heat consumption [1] Implementation and Impact - The formal release and implementation of these standards are crucial for building a robust carbon peak and carbon neutrality measurement system in China [1] - The standards offer a clear "roadmap" for carbon measurement management in key emission units, enhancing the integrity of carbon emissions data [1] Market Implications - The standards will provide solid data support for fair and just trading in the carbon emission rights market [1]

Core Viewpoint - The release of the "Carbon Measurement Review Standards for Key Emission Units" by the State Administration for Market Regulation marks a significant step in establishing a unified carbon measurement framework in China, effective from March 8 next year [1] Group 1: Carbon Measurement Standards - The new standards provide clear guidelines for carbon emission measurement management, including personnel, instruments, and data [1] - The scope of carbon emission measurement includes greenhouse gas emissions from fossil fuel combustion, production processes, waste disposal, and emissions from purchased electricity and heat consumption [1] Group 2: Implications for Carbon Market - The implementation of these standards is a key measure in building a robust carbon peak and carbon neutrality measurement system in China [1] - The standards offer a clear "roadmap" for carbon measurement management in key emission units, ensuring fair and just trading in the carbon emissions market through solid data support [1]