Core Viewpoint - The Chinese photovoltaic industry is rapidly rising as a key player in promoting green development, driven by technological innovation and cost advantages, especially in the context of the upcoming COP30 conference in Brazil, which presents significant opportunities for Chinese companies to expand globally [1][2]. Group 1: Global Climate Governance and Opportunities - The COP30 conference will focus on several critical issues, including the implementation of global climate financing mechanisms and the improvement of global carbon market mechanisms [2]. - The transition from being "rule followers" to "system builders" is essential for Chinese photovoltaic companies, emphasizing the need for technological breakthroughs and local strategies to enhance global competitiveness [1][3]. Group 2: Challenges in Energy Transition and Fairness - The photovoltaic industry faces significant international trade barriers that hinder the free flow of products, impacting local energy transition efforts [4]. - There is a need for a fair and comprehensive accounting system for carbon emissions, as China bears the carbon costs of photovoltaic product exports while the benefits are realized in major application markets [4]. Group 3: Technological Breakthroughs and Value Reconstruction - The "involution" phenomenon in the photovoltaic industry necessitates a shift towards sustainable development, which can help Chinese companies escape homogeneous competition and build global competitiveness [5]. - Companies like Longi are focusing on technological differentiation, such as the BC technology that has achieved over 26% efficiency, allowing for significant market premiums [5]. Group 4: Green Power and Market Development - The scale of green electricity consumption in China is rapidly expanding, with 233.6 billion kilowatt-hours traded in 2024, but the green certificate market faces challenges due to insufficient demand-side drivers [6]. - To enhance the green electricity consumption level, a collaborative effort between mandatory and voluntary markets is necessary [6]. Group 5: ESG and International Market Challenges - As Chinese companies expand internationally, there is an increasing focus on ESG (Environmental, Social, and Governance) issues, particularly in supply chain carbon footprint tracking and labor rights compliance [6]. - Companies must adopt a management system that meets international standards while also addressing local risks, and engage in cultural integration to build trust in local communities [6].