初冬的深圳银湖山麓，晨雾还未完全散去，一座被 11.69 万平方米绿色天幕覆盖的 "山体" 已开始苏醒。数 十台挖掘机如同精密手术刀，在指挥系统的调度下，有条不紊地剥离着层层堆积的历史。这里是玉龙填埋 场，一座始建于 1980 年代、沉睡近 40 年的 "垃圾山"，正经历着一场前所未有的蜕变 —— 从城市负资产转 型为 "数创智谷" 产业高地。 这场手术的背后，是一个关乎中国城市未来的深刻命题：当传统垃圾焚烧面临 "原料不足" 的挑战，当城市 土地资源逼近极限，我们该如何重新定义废弃物的价值?深圳用一场全国规模最大的填埋场全量开挖工程， 给出了自己的答案。 一、中国垃圾 "不够烧" 背后的双重挑战 凌晨 4 点，深圳某能源生态园控制室内，大屏上的实时数据不断跳动。厂长李工紧盯着入炉垃圾量的曲线 —— 连续三个月低于设计处理能力。"不是处理能力不够，而是符合标准的可燃垃圾越来越少了。" 这一现象并非个例。随着中国垃圾分类的全面推进和源头减量的政策发力，进入焚烧厂的生活垃圾成分发生 了根本性变化。厨余垃圾被单独分类后，剩余垃圾的热值提高，但总量却在下降。与此同时，早期简易填埋 的存量垃圾，却成为潜在的环境风险源和 ...

Core Viewpoint - Shandong Province is implementing innovative measures to optimize the legal business environment, focusing on credit repair for honest but unfortunate market entities while strictly punishing dishonest behaviors [2]. Group 1: Credit Repair Statistics - The number of credit repairs in Shandong has exceeded the number of newly added dishonest individuals for two consecutive years, indicating a positive trend of "reducing existing cases while curbing new ones" [4]. - From January to November this year, 94,700 new cases were added to the dishonesty list, a decrease of 17.6% year-on-year, while credit repairs reached 200,100, an increase of 5.47% [4]. - In 2024, it is projected that 130,300 new cases will be added to the dishonesty list, a decrease of 16.2%, while credit repairs are expected to reach 202,100, an increase of 45.5% [4]. Group 2: Measures for Credit Repair - Shandong has implemented a grace period system for enterprises with general dishonesty but a willingness to fulfill obligations, providing a buffer period of 1 to 3 months to avoid "one-size-fits-all" penalties [4]. - Over 600 enterprises have benefited from this grace period, with nearly 80% fulfilling their obligations or reaching settlements during this time, effectively stabilizing employment and preserving businesses [4]. Group 3: Legal Actions and Support - For individuals historically listed as dishonest but currently without assets for execution, Shandong has timely deleted or shielded their dishonesty information, alleviating their "dishonesty burden" [5]. - In a specific case, a company involved in waste treatment and power generation reached a settlement after mediation, allowing it to resume normal operations, with over 50 million yuan received by the creditor [6]. Group 4: Future Directions - The provincial courts will continue to deepen the work on dishonesty punishment, enhancing the precision and targeting of punitive measures, while increasing incentives for trustworthy behavior and credit repair [6]. - Efforts will be made to create a legal credit environment that promotes "punishment for dishonesty, benefits for trustworthiness, and assistance for the incapacitated," supporting high-quality economic and social development in the province [6].

首尔市方面表示，民间设施处理费用高于公共设施，叠加跨区域运输成本，将明显加重各行政区划财政负担。忠清北道地区环保团体明确表示反 对，强调各地产生的生活垃圾原则上应由当地公共设施处理，没有理由让忠清北道地区承担首尔市民的垃圾。 不少专家担忧，政策实施后首都圈对民间焚烧厂的依赖将进一步提高，垃圾处理会随着市场波动变得更加不稳定。韩国资源循环社会经济研究所 所长洪秀烈强调，处理费用可能大幅上涨，长期来看"垃圾过载"的风险将增大。 12月2日，韩国环境部长官以及来自首都圈的仁川市长、京畿道知事、首尔市行政第一副市长共同签署实施协议。相关制度的法律依据已于2021年 完成制定，首都圈明年率先施行，其他地区将从2030年开始执行。针对灾害、焚烧厂停运等特殊情况，政府将在年内制定例外适用标准，允许有 限度的"紧急直填"。 报道称，去年韩国首都圈填埋地处理的生活废弃物达52万吨，由于首尔、仁川、京畿道的公立焚烧厂长期饱和，多数垃圾依赖民间设施处理，其 中首尔压力最为突出。去年首尔产生110万吨生活垃圾，因焚烧能力不足，约19%（21万吨）被送往首都圈填埋地。明年这部分垃圾将全面禁止直 填，且首尔城区无民间焚烧厂，需将垃圾运往 ...

North America's largest trash hauler has had a rough year. Should long-term investors be upset?WM (WM +1.30%) is the top trash hauler and landfill operator in North America, but that doesn't necessarily mean its stock is a top performer. And if it isn't, aren't investors almost obligated to make plenty of "trash" jokes about its performance?Here's how the company, formerly known as Waste Management, has been doing for investors recently, and what it tells potential investors about this industrial stalwart. ...

Group 1 - The company held its 14th meeting of the 9th Board of Directors on November 28, 2025, where the resolution to sell assets of its wholly-owned subsidiary was approved [1][2][3] - The assets being sold include the operational assets related to the municipal solid waste incineration power generation project in Mudanjiang, with a total transaction value of RMB 580 million [6][30] - The transaction does not require shareholder approval and is not classified as a related party transaction or a major asset restructuring [6][30] Group 2 - The buyer of the assets is the Mudanjiang Comprehensive Administrative Law Enforcement Bureau, a government agency with no existing related party relationships with the company [7][9][10] - The assets being sold include machinery, buildings, land use rights, inventory, and other operational assets, with a total book value of approximately RMB 580 million [11][12][14][30] - The sale is part of the company's strategy to optimize its business layout and resource allocation, aiming to enhance asset operation efficiency and overall profitability [30] Group 3 - The payment for the assets will be made in installments, with RMB 316 million due within five working days of the agreement's effectiveness, followed by additional payments by the end of December 2025 and January 2026 [20][21] - The company expects a reduction in net profit of approximately RMB 47 million for the fiscal year 2025 due to this transaction, although the impact on the company's ongoing operations is deemed minimal [30]

Core Viewpoint - China Tianying (000035.SZ) announced the sale of assets related to the Mudanjiang Waste Incineration Power Generation Project to the Mudanjiang Comprehensive Administrative Law Enforcement Bureau for a total consideration of RMB 580 million, in line with local government economic planning and public utility infrastructure management requirements [1] Group 1 - The assets sold include machinery, buildings, land use rights, inventory, and other operational assets [1] - After the sale, Mudanjiang Tianying will no longer hold the concession project, which had a low contribution to the company's overall revenue and profit [1] - The transaction is expected to reduce the company's consolidated net profit by approximately RMB 47 million in 2025, with the final accounting treatment subject to annual audit confirmation [1]

波黑联通社11月26日报道。波黑部长会议通过财政部倡议，授权代表团就三项重大基础设施贷款协议开 展谈判：一是与世界银行签署7000万欧元贷款，用于波黑联邦境内开展干线公路新建、改造与道路修复 工作；二是与欧洲复兴开发银行签署最高6000万欧元贷款，建设福查-胡姆跨境公路，包括修复现有路 段和新建道路；三是与世界银行签署4600万欧元"固体废物可持续管理项目"贷款，涉及戈拉日代、泽尼 察、莫斯塔尔等7个城市垃圾填埋场建设改造，并在萨拉热窝州建立垃圾分类收集系统。该项目符合欧 盟入盟进程中的环保战略要求。财政部将在完成谈判后依法向部长会议提交融资协议草案。（驻波黑使 馆经商处） ...

Core Viewpoint - The article emphasizes the importance of rural revitalization in China, highlighting successful examples and the role of Agricultural Bank in supporting these initiatives through financial services [1][12]. Group 1: Rural Revitalization Examples - The transformation of Ta Yuanzhuang village in Hebei showcases significant improvements, with over 1.6 million annual visitors and a per capita income exceeding 30,000 yuan, attributed to innovative industrial models like modern agriculture and rural tourism [2][4]. - In Yangshuo, Guangxi, the integration of waste management into the rural landscape has enhanced the area's beauty, with the local waste treatment facility processing 1,000 tons of waste daily and generating 123.11 million kilowatt-hours of electricity, significantly reducing carbon emissions [7][8][10]. Group 2: Financial Support from Agricultural Bank - Agricultural Bank provided crucial funding for Ta Yuanzhuang's rural revitalization projects, including a 1.4 million yuan investment for a demonstration park and a 1.6 billion yuan project for an elderly care center [4][10]. - The bank's support for the Yangshuo waste management project included a 517 million yuan loan, which facilitated the project's construction and operational needs, demonstrating the bank's commitment to environmental sustainability [10][11]. Group 3: Broader Impact on Rural Development - The article outlines how Agricultural Bank's financial products, such as "Beautiful Village Construction Loans," are tailored to meet the specific needs of rural areas, promoting infrastructure development and enhancing living conditions [14][15]. - The bank's initiatives have led to a total loan balance exceeding 2.4 trillion yuan in rural construction by the end of the third quarter of 2025, reflecting its extensive involvement in rural economic growth [14][15].

Core Insights - The Ministry of Housing and Urban-Rural Development reports that during the "14th Five-Year Plan" period, the national capacity for urban household waste harmless treatment has increased by 21.6 thousand tons per day, reaching a total capacity of 117.9 thousand tons per day, which is an increase of 22.4 percentage points compared to the end of the "13th Five-Year Plan" [1] Group 1 - The treatment capacity for urban household waste continues to improve, with a significant increase in the construction of waste incineration facilities during the "14th Five-Year Plan" [1] - An additional 35.3 thousand tons per day of incineration treatment capacity has been added, resulting in an incineration treatment capacity share of 78.1% and a sanitary landfill capacity share of 12.1% [1] - Compared to the end of the "13th Five-Year Plan," the share of incineration treatment capacity has increased by 19.2 percentage points, indicating substantial progress in urban household waste management [1]

Core Viewpoint - The transformation of waste into energy through waste incineration is beneficial, but it does not imply that an increase in waste generation is acceptable. Public education on waste management and the risks of secondary pollution is essential [1] Group 1: Waste Management and Public Perception - A student's remark during an environmental education event highlights a misunderstanding that increased waste is inconsequential due to waste-to-energy technology [1] - Historically, waste treatment facilities have been associated with unpleasant odors and negative community impacts, but modern facilities have improved significantly, eliminating odors and creating job opportunities for local residents [1] Group 2: Education and Awareness - It is crucial to educate the public not only about the technology behind waste-to-energy conversion but also about the principles of a circular economy [1] - Public understanding of waste classification and the importance of reducing, reusing, and recycling is necessary to foster a lifestyle that minimizes waste and promotes sustainability [1]