美国总统唐纳德・特朗普宣布将退出多个聚焦气候议题的核心国际组织，其中涵盖联合国主导的相关机 构与科研实体，此举进一步加剧了美国在全球气候合作领域的 "退缩" 态势。 此次美国计划退出的 66 个组织中，包括政府间气候变化专门委员会（IPCC） 与联合国气候变化框架 公约（UNFCCC），涉及领域横跨多个行业。外界认为，这些气候政策转向不仅会削弱美国在温室气 体减排问题上的话语权，还将大幅限制上述国际机构的全球影响力。 特朗普的一系列举措与其国内政策调整一脉相承，其核心目的是解除对污染行业和化石燃料的管控。早 在 2025 年 1 月，特朗普政府就已启动为期一年的退出《巴黎协定》程序 —— 这份 2015 年签署的协议 是具有法律约束力的全球气候治理纲领，而这也是特朗普在其政治生涯中第二次作出类似决定。 非营利组织美国环保协会执行董事阿曼达・利兰表示："放弃减排行动、漠视气候灾害的做法，将损害 美国民众与企业的切身利益。这会把全球气候治理的领导权拱手相让，让美国在这类关键决策中彻底失 去发言权。" 特朗普在其第二任期内，加快了推翻前任气候政策的步伐。他一直将气候变化称作 "彻头彻尾的骗局" 和 "史上最大的骗局 ...

Group 1: Policy Changes and Economic Impact - Trump's administration is reshaping the flow of capital in the U.S. economy through aggressive policy changes, including deregulation of banks and a shift in funding from renewable energy to traditional sectors [1][3] - The "Big Beautiful" bill and subsequent regulatory adjustments signal a redirection of funds away from renewable energy projects towards pipelines, cryptocurrencies, and traditional finance [3] - The relaxation of capital rules for banks is expected to release up to $219 billion in capital for major banks, allowing them to invest more in government-backed assets [4] Group 2: Housing Market and Privatization - A controversial proposal aims to end government control over Fannie Mae and Freddie Mac, leading to significant stock price increases for these entities [6] - The privatization discussions are complicated by the Treasury's $360 billion preferred equity stake in these companies, raising concerns about potential increases in borrowing costs for consumers [8] Group 3: Cryptocurrency and Digital Assets - The Trump administration's new stance on digital assets includes the signing of the GENIUS Act, which provides a legal framework for stablecoins, potentially expanding the market from $310 billion to $4 trillion by 2030 [9] - Major banks, including JPMorgan, are actively entering the stablecoin market, while concerns arise about the potential outflow of deposits from small banks to stablecoins [9] Group 4: Energy Sector Changes - The "Big Beautiful" bill has led to the cancellation or postponement of $29.3 billion worth of clean energy projects, as the administration shifts focus towards fossil fuels and nuclear energy [10] - Companies in the clean energy sector are facing significant challenges, including layoffs and project cancellations, as federal support for renewable energy diminishes [10] Group 5: Retirement Savings and Alternative Investments - A new executive order aims to unlock $13 trillion in retirement savings by encouraging investment in alternative assets, which could significantly benefit the private equity sector [11] - This shift may lead to increased access for ordinary investors to financial products previously limited to seasoned investors, despite warnings about potential risks [11]

在特朗普迈入其第二个总统任期的第一年，他和他的顾问团队正以罕见的速度和力度，着手改变美国经济在这数十年间的资金流动逻辑。 特朗普在宣誓就职的数小时内签署了26项行政命令，这大约是前任总统首日签署数量的三倍。随后出台的"大漂亮"法案以及一系列监管调整，迅 速向投资者传递了明确的信号：原本流向可再生能源项目的资金链条被切断，而在管线项目、加密货币以及传统金融领域，激励机制正在被重新 加权。 这一系列政策组合拳直接触及了美国金融体系的"管道"设施。从放松对于30万亿美元国债市场至关重要的银行杠杆限制，到推动房贷巨头的私有 化进程，再到为稳定币赋予合法地位，这些举措正在重塑市场的激励结构。其直接后果是，包括银行、能源开发商和加密货币发行商在内的市场 参与者，正经历着一场数千亿乃至数万亿美元级别的资本流向大转移。 白宫发言人Kush Desai在一份声明中明确表示，特朗普总统承诺恢复美国作为世界上最具活力经济体的地位，并致力于削减束缚经济创造力的"繁 文缛节"。随着这些政策的逐步落地，从华尔街的交易大厅到普通美国人的401(k)退休账户，资本配置的底层逻辑正在发生深刻变化。 银行监管松绑与流动性释放 为了解决国债市场运 ...

和其首个总统任期的做法一致，特朗普将化石燃料及其相关产业视为核心抓手，以此实现其两大目标： 一是强化美国的能源生产国地位，二是降低消费者的能源价格。与此同时，他还废止或弱化了多项旨在 应对气候变化、推广绿色能源以及保护生物栖息地的举措。此次政策调整涉及的阿拉斯加州区域为该州 野生动物保护区的滨海平原，此外，怀俄明州、北达科他州的联邦土地以及阿拉斯加州的育空河中部地 区也会受到影响。 美股频道更多独家策划、专家专栏，免费查阅>> 12月12日，美国总统唐纳德・特朗普当地时间周四签署了数项国会法案，旨在废除拜登政府时期的土地 保护政策 —— 这些政策曾限制在北极国家野生动物保护区以及美国西部三个州的联邦土地上开展能源 开发活动。这些法案是依据《国会审查法》推进的，该法案允许国会通过快速程序废除近期出台的相关 政策。 责任编辑：栎树 ...

Core Insights - China is set to increase its oil consumption before 2030 while still being a leader in green energy, highlighting the challenge of balancing energy security, economic growth, and structural emissions reduction [1][2] Group 1: Renewable Energy Development - China has become a global leader in renewable energy, particularly in solar and wind power, with significant investments driving this transition [1] - By October 2025, China's total installed power generation capacity is expected to reach 3.75 billion kilowatts, with solar power capacity at 1.14 billion kilowatts (up 43.8% year-on-year) and wind power capacity at 590 million kilowatts (up 21.4% year-on-year) [1][3] - In the first quarter of 2025, renewable energy generation is projected to account for approximately 35.9% of total power generation, accelerating the process to achieve peak carbon emissions before 2030 [3] Group 2: Fossil Fuel Dependency - Despite rapid growth in renewable energy, China's reliance on fossil fuels remains significant, with coal consumption expected to peak around 2027 and oil consumption projected to peak during the 14th Five-Year Plan (2026-2030) [2] - The transportation sector is expected to reduce its use of refined fuels, leading to a shift of oil derivatives towards the slower-growing petrochemical industry [2] Group 3: Energy System Transformation - China is accelerating the development of a new energy system characterized by integration, storage, large-scale renewable energy bases, and modernized grids to ensure stable replacement of fossil fuels [2] - Investments in energy storage are crucial for reducing renewable energy waste and ensuring stable power system operations [2] - The expansion of smart grid infrastructure and scheduling systems is underway to accommodate a large amount of intermittent energy sources [2] Group 4: Long-term Goals - By 2035, China aims to achieve over six times the total installed capacity of solar and wind power compared to 2020, targeting over 360 million kilowatts, with the potential for early achievement based on current growth rates [3]

为确保可再生能源安全稳定地替代化石燃料，中国正加快构建以一体化、储能、大型可再生能源基地和 电网现代化为特征的新型能源体系。中国计划在西北地区开发大型太阳能和风能综合体，在西南地区扩 建水电站，在沿海地区拓展海上风电场和新的核电项目。 巴西《论坛》杂志网站11月24日文章，原题：为什么中国会在2030年前使用更多石油，但它仍然是绿色 大国中国已成全球能源转型的典范。中国在绿色技术和可再生能源方面的大规模投资，最终成为全球南 方国家人民的灵感源泉。如今，中国是全球太阳能和风能领域真正的领军者，不过，该国未来5年煤炭 和石油的使用量增加引起了广泛关注。由于煤炭和石油仍处于能源体系的核心位置，中国面临着平衡能 源安全、经济增长与结构性减排的挑战。 自2020年明确提出二氧化碳排放力争于2030年前达到峰值、2060年前实现碳中和以来，中国加快了向清 洁能源的转型。在太阳能和风能装机容量创纪录增长的推动下，非化石能源的占比不断上升。如今，中 国拥有全球规模最大、发展最快的可再生能源系统，这一举措已开始体现在二氧化碳排放量的稳定，甚 至下降。 中国在可再生能源发展方面确立了加速发展的轨迹。截至2025年10月，中国累计 ...

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]

Group 1 - The article highlights the U.S. government's criticism of China regarding climate change while ignoring its own environmental policies that undermine global efforts [1][2] - China is portrayed as a proactive player in combating climate change, with a large population and a relatively low per capita carbon emission compared to the U.S., which has the highest per capita emissions [1][4] - The U.S. has implemented policies that weaken environmental regulations and promote fossil fuel development, which have drawn widespread criticism and are seen as detrimental to global climate efforts [2][3] Group 2 - The Trump administration's energy policies have included declaring a national "energy emergency," accelerating fossil fuel infrastructure approvals, and rolling back regulations on coal-fired power plants [3][5] - The U.S. has withdrawn from the Paris Agreement, which the Trump administration claims imposes unfair burdens on the economy, further isolating itself from international climate commitments [3][5] - Recent legislation has removed incentives for renewable energy, such as the elimination of tax credits for electric vehicles and the freezing of funds for clean energy projects, which could hinder the growth of the renewable energy sector [5][6] Group 3 - The U.S. has pressured international organizations like the International Energy Agency (IEA) to shift focus away from climate goals, raising concerns about its role in global energy transitions [7][8] - Environmental organizations have criticized the U.S. for neglecting scientific consensus on climate change, warning that this could exacerbate the impacts of climate change on humanity and the economy [8]

Core Insights - The report highlights a significant disparity in carbon emissions between the wealthiest 0.1% in the U.S. and the poorest 10% globally, with the former emitting 4,000 times more carbon [1] - The average daily carbon emissions for the wealthiest 0.1% is 2.2 tons, compared to just 82 grams for the Somali population and 12 kilograms globally [1] - The lifestyle of ultra-wealthy individuals, including the use of private jets and investments in high-carbon industries, contributes to their substantial carbon footprint [1] Industry Impact - The energy sector in the U.S. is identified as a major contributor to carbon emissions, with individual companies spending an average of $277,000 annually on lobbying against climate policies [2] - At the previous Bakou Climate Conference, there were 1,773 lobbyists from the fossil fuel industry, making it the second-largest group after national delegations, indicating a significant influence on climate policy [2] - The carbon emissions from the wealthiest 1% are projected to cause $44 trillion in losses for low-income countries by 2050, emphasizing the urgent need for policy changes [2]

Core Insights - Extreme weather events, including heatwaves, heavy rainfall, floods, and droughts, are becoming the new normal globally, significantly threatening human health and well-being [2] - The 2025 report from UCL and WHO indicates that global temperature rise leads to approximately one death per minute from heat-related diseases, with an average of 546,000 deaths annually from 2012 to 2021 [2] - The report criticizes the U.S. for its climate commitments, particularly after former President Trump withdrew from climate agreements, exacerbating the health impacts of climate change [2] Group 1 - The top 100 fossil fuel companies have raised their production forecasts, potentially tripling CO2 emissions beyond the Paris Agreement's 1.5°C target [3] - In 2024, commercial banks are projected to invest a record $611 billion in the fossil fuel sector, compared to $532 billion in green sectors [3] - Governments are providing $2.5 billion daily in direct subsidies to fossil fuel companies, while extreme heat is causing significant economic losses due to reduced labor capacity [3] Group 2 - The average global exposure to lethal heat has increased, with individuals facing 19 days per year of extreme heat, 16 of which are attributed to human-induced climate change [3] - In 2024, extreme heat is expected to result in a loss of 639 billion hours of labor, with the least developed countries experiencing economic losses equivalent to 6% of their GDP [3] - Air pollution from fossil fuel combustion is responsible for millions of deaths annually, and the dry climate is contributing to wildfires, with smoke-related deaths projected to reach 154,000 in 2024 [3] Group 3 - The CEO of ClientEarth emphasizes that humanity is in an era of "climate consequences," shifting the focus from "if" to "when" accountability for climate impacts will occur [4] - There is a call for an immediate end to fossil fuel subsidies and increased investment in clean energy to safeguard future health [5]