Core Points - The 30th Conference of the Parties (COP30) to the United Nations Framework Convention on Climate Change is being held in Belem, Brazil, marking the 10th anniversary of the Paris Agreement and the original signing of the Convention in Brazil [1] - The conference is convened amid a dual crisis, with 2024 projected to be the hottest year on record, surpassing the 1.5°C target set by the Paris Agreement [1] - Only about 125 parties have submitted their next round of Nationally Determined Contributions (NDCs) due by 2025, highlighting a significant challenge in global climate commitments [1] - The absence of the U.S. government at the conference and its recent opposition to global shipping carbon pricing is seen as a hindrance to multilateral climate mechanisms [1] Group 1 - Despite the challenges, the participation rate at COP30 indicates a strong commitment to multilateralism, with only four countries absent [2] - Approximately 98% of sovereign entities still view the UN as an irreplaceable platform for communication and cooperation in addressing climate change [2] - The absence of the U.S. federal government does not equate to a lack of U.S. representation, as states like California and New Mexico are participating through the "U.S. Climate Alliance" [2] Group 2 - Renewable energy is expected to surpass coal as the primary source of global electricity generation by 2025, driven by collective efforts from parties like China and the EU [3] - The global carbon emission growth rate has significantly slowed from an average of 1.7% per year (2005-2014) to 0.3% per year (2015-2024), indicating progress in climate change mitigation efforts [3] - The ongoing submission of updated NDCs by parties reflects a commitment to climate action, with the emphasis on direction over speed in achieving the 1.5°C target [3]

Core Viewpoint - The U.S. Department of Energy has undergone a restructuring that prioritizes fossil fuels and nuclear energy over renewable energy and energy efficiency initiatives [3]. Group 1: Restructuring Details - The new organizational structure includes the establishment of several new offices, such as the Hydrocarbon and Geothermal Energy Office and the Fusion Office [3]. - The Clean Energy Demonstration Office, created under the Biden administration, has been abolished [3]. - The Office of Energy Efficiency and Renewable Energy has also been removed from the new structure [3]. Group 2: Funding and Support Changes - The office responsible for financing innovative energy projects has been renamed to the Office of Dominant Energy Financing [3].

Core Points - The U.S. Department of Energy announced a restructuring that prioritizes oil and nuclear resources, replacing the previous focus on renewable energy and energy efficiency [1] - A new organizational chart was released, indicating alignment with President Trump's energy agenda [1] - New offices were created, including those for hydrocarbons, geothermal energy, and fusion, while the Clean Energy Demonstration Office established by the Biden administration was eliminated [1] - The Office of Energy Efficiency and Renewable Energy was also removed from the new structure [1] - The Loan Programs Office, which provided financing for innovative energy projects, was renamed to the Office of Dominant Energy Financing [1]

Core Viewpoint - South South Resources (01229) reported a revenue of HKD 194 million for the six months ending September 30, 2025, representing an increase of 8.67% year-on-year. However, the company recorded a loss attributable to shareholders of HKD 3.375 million, compared to a profit of HKD 47.334 million in the same period last year, resulting in a basic loss per share of HKD 0.44 [1] Revenue Breakdown - The coal mining segment saw a revenue increase primarily due to a rise in coal sales volume, which increased by approximately 56.63% compared to the same period last year [1] - Revenue growth was attributed to the increase in sales volume, despite a decrease in the average selling price per ton, which fell by approximately HKD 37.02 (or about 29.63%) to around HKD 87.94 per ton, down from approximately HKD 124.96 per ton in 2024 [1] - The decline in average selling price was mainly due to intense competition in the local market [1] Other Business Segments - The renewable energy segment experienced a slight revenue increase of about 8.16%, primarily influenced by exchange rate effects during the reporting period [1] - The information technology services segment did not generate any revenue, with a significant year-on-year decline of 100% due to ongoing adverse economic conditions impacting this business category [1] - The company undertook measures to streamline operations, including workforce reductions and the termination of unprofitable service projects, to control costs and mitigate further losses in the information technology services segment [1]

Core Viewpoint - South South Resources (01229) reported a revenue of HKD 194 million for the six months ending September 30, 2025, representing an increase of 8.67% year-on-year. However, the company recorded a loss attributable to shareholders of HKD 3.375 million, compared to a profit of HKD 47.334 million in the same period last year, resulting in a basic loss per share of HKD 0.44 [1] Revenue Breakdown - The increase in revenue from the coal mining business was primarily due to a significant rise in coal sales volume, which increased by approximately 56.63% compared to the same period last year [1] - The revenue increase was influenced by the rise in sales volume, despite a decrease in the average selling price per ton, which fell by approximately HKD 37.02 (or about 29.63%) to around HKD 87.94, down from approximately HKD 124.96 in 2024 [1] - The decline in average selling price was mainly attributed to intense competition in the local market [1] Other Business Segments - The renewable energy business saw a slight revenue increase of about 8.16%, primarily due to currency exchange rate effects during the reporting period [1] - The information technology services segment did not generate any revenue, experiencing a significant decline of 100% year-on-year due to ongoing adverse economic conditions impacting this business category [1] - The company undertook measures to streamline operations, including workforce reductions and the termination of unprofitable service projects, to control costs and mitigate further losses in the information technology services segment [1]

Core Insights - The global data center investment is projected to reach $580 billion, surpassing investments in the oil sector, which are estimated at $540 billion [8] - The International Energy Agency (IEA) emphasizes that the current surge in electricity consumption is not limited to emerging economies but is also significantly driven by developed economies due to the demand from data centers and artificial intelligence [2][3] - By 2035, global energy demand is expected to rise from 654 exajoules (EJ) to 705 EJ, with electricity demand projected to increase by approximately 40% under current and stated policy scenarios [1][3] Investment Trends - The IEA forecasts that total investment in the energy sector will reach approximately $3.3 trillion in 2025, marking a 2% increase from 2024 and setting a historical high [1] - Investment in low-emission power, grids, low-emission fuels, energy efficiency, and end-use sectors is expected to rise from $1 trillion a decade ago to over $2 trillion by 2024, accounting for more than 60% of global investment [3] Electricity Demand Dynamics - The demand for electricity is anticipated to grow explosively, particularly driven by data centers and AI, with a projected annual growth rate exceeding 4% starting in 2024 [8] - By 2030, AI-optimized server electricity consumption is expected to increase fivefold, leading to a doubling of global data center electricity usage from current levels [8] Renewable Energy Outlook - Renewable energy sources, particularly solar and wind, are expected to meet the rising electricity demand, with solar photovoltaic demand growing the fastest [9] - The global nuclear power capacity is projected to increase by at least one-third by 2035, indicating a potential revival of nuclear energy [9] Infrastructure Challenges - The IEA highlights that while investment in generation has surged nearly 70% since 2015, annual investment in the grid has not kept pace, raising concerns about energy security [11] - Over 85% of new data center capacity is expected to be concentrated in the US, China, and the EU, which may exacerbate existing grid burdens [11] Strategic Mineral Supply Concerns - The market for critical minerals essential for the energy transition is highly concentrated, with a single country dominating the refining of 19 out of 20 strategic minerals [12] - Approximately 7.3 billion people still lack access to electricity, with significant disparities in coverage, particularly in rural and underdeveloped areas [12]

当地时间11月18日，"碳中和与能源智联：推动科技、产业、政策创新与国际合作"主题边会在《联合国 气候变化框架公约》第三十次缔约方大会（COP30）中国角成功举行。边会由清华大学碳中和研究院、 中国21世纪议程管理中心、中国华能集团有限公司、明阳智慧能源集团股份公司联合主办。 联合国环境署气候技术中心和网络主任Ariesta Ningrum在致辞中表示，"碳中和与能源智联"（CNEST） 多边合作项目为推动基于科学、注重实践的创新提供了宝贵平台，助力将知识转化为切实解决方案，认 为此类倡议促使政府、科研机构、企业及社会各界共同开发解决方案，推进可规模化创新的落地实施， 加速系统性变革进程。 中国科学院院士、清华大学能动系教授、"碳中和与能源智联"多边合作项目负责人姜培学认为，构建新 一代能源系统是实现碳中和与可持续发展的关键。"碳中和与能源智联"（CNEST）多边合作项目基于 全球碳通量网的评估，充分运用人工智能分析碳源汇，融合先进计算技术与能源网络，致力于探索新一 代能源系统的最优模式。他强调，CNEST项目是一个开放的合作平台，汇聚政府、学界、产业及国际 组织力量，通过多种方式共同推动全球能源系统转型。他 ...

Core Viewpoint - The company expects a significant decrease in profit for the upcoming six months ending September 30, 2025, compared to the previous period, primarily due to the impact of market reforms in renewable energy pricing [1] Financial Performance - The company anticipates a profit attributable to shareholders of between HKD 16 million and HKD 19 million for the six months ending September 30, 2025 [1] - For the six months ending September 30, 2024, the profit attributable to shareholders was reported at HKD 55.061 million [1] Market Impact - The decline in revenue and gross profit from the renewable energy business is attributed to the reforms in the pricing mechanism for new energy [1]

Core Points - The COP30 conference in Brazil highlights China's commitment to green and low-carbon development, showcasing various sustainable products and technologies [1][2] - China has submitted its 2035 Nationally Determined Contribution (NDC) targets, which include ambitious goals for reducing greenhouse gas emissions and expanding renewable energy capacity [1][2] - International representatives emphasize the importance of China's role in global climate governance and the need for collaboration with China to achieve climate goals [2][6] Group 1: China's Contributions to Climate Action - China has introduced a historic NDC that includes absolute reduction targets for greenhouse gas emissions across all economic sectors [1][2] - The country aims to increase its wind and solar power capacity to over six times the 2020 levels by 2035, targeting 3.6 billion kilowatts [1] - China's carbon market is developing steadily, with both mandatory and voluntary markets, providing valuable lessons for other nations [3] Group 2: International Cooperation and Support - China is actively involved in South-South cooperation, launching flagship projects like the "Clean Stove" initiative to assist developing countries in reducing carbon emissions [4][5] - The country provides technological support and renewable energy solutions to nations like Brazil and Antigua and Barbuda, enhancing local economies and promoting sustainable practices [5][6] - Various international leaders stress the necessity of multilateralism and collaboration with China to effectively address climate change challenges [6][7] Group 3: Technological Innovation and Economic Impact - China's technological innovations have significantly lowered the costs of clean energy technologies, facilitating the energy transition [2] - The promotion of distributed solar products in developing countries is creating economic opportunities and improving living standards [5] - China's commitment to green infrastructure and climate resilience is recognized as a vital contribution to global efforts against climate change [7]

益 美 國 際 控 股 有 限 公 司 （於開曼群島註冊成立的有限公司） （股份代號：1870） 自願性公告 香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責， 對其準確性或完整性亦不發表任何聲明，並明確表示概不就因本公告全部或任何 部分內容而產生或因依賴該等內容而引致的任何損失承擔任何責任。 Acme International Holdings Limited 有關發展漁光互補光伏電站項目的共同開發協議 本公告乃由益美國際控股有限公司（「本公司」，連同其附屬公司統稱「本集團」） 自願刊發，以讓本公司股東（「股東」）及潛在投資者了解本集團的最新業務發展。 共同開發協議 本公司董事（「董事」）會（「董事會」）欣然宣佈，於2025年11月18日，本公司全資附 屬公司翠御發展有限公司（「翠御發展」）與Gainza Energy Corporation（「GEC」）訂 立共同開發協議（「共同開發協議」）。根據共同開發協議，翠御發展及GEC擬成立 一間合營企業公司或特殊目的實體（「項目公司」），以於菲律賓南甘馬粦省布希 區(Buhi, Camarines Sur of the Philippin ...