10月中国核发绿色电力证书3.7亿个 中新社北京11月25日电 (记者 王梦瑶)绿色电力证书(简称"绿证")是中国认定可再生能源电力生产、消费 的唯一凭证。中国国家能源局25日公布的数据显示，2025年10月，国家能源局核发绿证3.70亿个，涉及 可再生能源发电项目37.41万个。 从核发情况看，10月核发的绿证中，可交易绿证1.58亿个，占比42.61%。2025年1月至10月，国家能源 局共计核发绿证24.78亿个，其中可交易绿证15.92亿个。 从交易情况看，2025年10月，全国交易绿证6670万个，其中绿色电力交易绿证2299万个。2025年1月至 10月，全国交易绿证5.96亿个，其中绿色电力交易绿证2.02亿个。 2025年10月，电量生产年为2024年的绿证单独交易平均价格为每个2.56元(人民币，下同)，电量生产年 为2025年的绿证单独交易平均价格为每个5.22元。(完) 来源：中国新闻网 编辑：陈俊明 广告等商务合作，请点击这里 本文为转载内容，授权事宜请联系原著作权人 中新经纬版权所有，未经书面授权，任何单位及个人不得转载、摘编或以其它方式使用。 关注中新经纬微信公众号(微信搜索"中新 ...

打响财富保卫战！通胀下的终极答案：这三样才是真硬通货 2025年以来，全球通胀格局呈现"分化中仍存压力"的特征——部分国家通胀率虽从高位缓慢回落，但食 品、能源、服务等核心领域物价粘性较强，土耳其央行11月上调2025年末通胀预测区间至31%-33% ， 国内市场也面临输入性通胀与结构性物价上涨的双重影响，居民财富保值增值的需求愈发迫切。在货币 购买力面临侵蚀、各类资产价格波动加剧的背景下，"什么能抵御通胀"成为大众最关心的财富命题。并 非所有资产都能穿越通胀周期，真正的"硬通货"必须具备稀缺性、政策支撑性与价值稳定性。2025年多 部门密集出台的政策文件与官方数据，已清晰指向三类核心资产——黄金、绿色电力证书、高股息核心 资产，它们凭借各自的属性与政策红利，成为通胀环境下守护财富的"压舱石"，每一项选择都有权威依 据可查，每一组数据均来自官方发布，为财富保卫战提供明确方向。 在通胀环境下，权益资产中的高股息核心资产凭借稳定现金流与政策加持，成为对抗物价上涨的重要选 择。2025年10月12日，中央金融办、证监会等六部委联合印发《关于推动中长期资金入市工作的实施方 案》，明确引导社保基金、保险资金等中长期资金 ...

您能想到吗？在粤港澳举办的十五运会，聚集了青海的光、云南的水、南海的风，这些光、水、风化为 绿电，跨越千山万水，保障了这场盛大的体育赛事顺利进行。 仅广东赛区，就采购了18.8万张绿色电力证书，实现了赛区全绿电供应。广东赛区整个赛事期间的预计 用电量是1.88亿千瓦时，实现全绿电供应后，相当于减排二氧化碳16万吨、种植树木888万棵。 十五运会，不仅开创了全运会跨区域协作的先河，更以"绿色、低碳、无废、安全"为核心理念，通过系 统性创新实践，为全球大型体育赛事树立了"碳中和"赛事的标杆。 在赛事运营上，十五运会采取低碳产品应用等系统性减碳措施。赛会制服中，单风衣、长裤等均使用环 保材料制成。广州所有场馆团餐使用的餐盒均采用可降解材质，所有承担保障任务的出租汽车100%为 纯电动车。东莞实现赛事筹备全程电子化覆盖，减少纸质文件流转与资源消耗。香港的启德体育园内， 全面采用了经环保认证的可降解纸杯和木制餐具。来自香港科研团队的"微纳米级被动式制冷涂层"技 术，使100个城市志愿者服务站点披上"清凉战衣"，赛事期间预计提供约30万瓦的制冷量，节约20万千 瓦时电，减少二氧化碳排放100余吨。 十五运会另一大创新是探 ...

Core Insights - The 15th National Games emphasizes the integration of green, low-carbon, and sustainable practices into every aspect of the event, aiming to reduce carbon emissions significantly [1][2] Group 1: Event Overview - The event is expected to achieve a carbon emission reduction to between 750,000 and 800,000 tons, with the Guangdong competition area achieving 100% green electricity coverage [1][4] - This edition of the National Games does not involve the construction of new large venues, with over 90% of the 75 competition venues in Guangdong being upgraded existing facilities [1] Group 2: Venue Upgrades - The Tianhe Sports Center is a key focus for upgrades, aiming to become the first near-zero carbon large sports venue in the country, with a carbon emission intensity of 10.73 kg per square meter per year and a carbon reduction rate of approximately 56% [2][3] - The venue incorporates energy-efficient materials, variable frequency air conditioning, and smart lighting systems to maximize carbon reduction [2] Group 3: Energy Management - The Tianhe Sports Center's energy management platform provides real-time monitoring of electricity, water usage, and carbon emissions, allowing for precise management and alerts for unusual energy consumption [3] - The venue's upgrades are expected to save approximately 1.09 million kWh of electricity annually, equivalent to a reduction of about 811 tons of CO2 emissions [3] Group 4: Green Energy Procurement - The total electricity consumption for the event is estimated at 188 million kWh, leading to a reduction of 160,000 tons of CO2 emissions, equivalent to planting 8.88 million trees [4][5] - The Guangdong Electric Power Company has procured 188,000 green electricity certificates to ensure the authenticity and traceability of the green energy supplied for the event [5]

Core Insights - In September 2025, China issued 229 million green power certificates (GPCs), covering 306,500 renewable energy generation projects, with 158 million being tradable, accounting for 68.86% of the total [1][2] - The trading of GPCs in September 2025 reached 65.12 million, with 21.02 million being green power trading certificates. From January to September 2025, a total of 529 million GPCs were traded, including 179 million green power trading certificates [1] - Major buyers of GPCs include multinational corporations like Apple, as well as leading companies in polysilicon, electrolytic aluminum, steel, and data centers, with significant growth in trading volumes from these sectors [1] - Key regions for GPC purchases include Guangdong, Zhejiang, Shanghai, and Jiangsu, driven by dual control of energy consumption and responsibility for consumption [1] Industry Developments - The current GPC policy framework in China is becoming increasingly comprehensive, effectively promoting green consumption [2] - Future improvements in standards, systems, and labels for green power consumption certification based on GPCs are anticipated, alongside the deepening of policies related to consumption responsibility and carbon dual control [2] - The Chinese GPC market has entered a new stage of high-quality development [2]

Core Viewpoint - The document outlines the importance of enhancing the national carbon market to achieve China's new round of Nationally Determined Contributions (NDC) targets, emphasizing the need for systematic integration and improved regulatory frameworks to facilitate effective carbon market operations [1]. Group 1: Legal and Regulatory Framework - Strengthening legal frameworks is essential for establishing a solid foundation for the carbon market, with recommendations to expedite the introduction of the Carbon Emission Trading Management Regulations to clarify its relationship with existing environmental laws [2]. - The current regulations are deemed insufficient to meet the comprehensive emission reduction requirements set by the new NDC targets, necessitating a higher legal standing and clearer applicability [2]. Group 2: Technical Standards and Data Integration - A unified carbon emission accounting, monitoring, reporting, and verification (MRV) system is recommended to enhance data consistency across departments, which is crucial for efficient quota allocation and trading [3]. - The integration of advanced technologies like blockchain and IoT is suggested to ensure real-time data collection and integrity, alongside mandatory disclosure of carbon emission intensities for key industries [3]. Group 3: Quota Distribution and Economic Incentives - The document advocates for a gradual increase in the proportion of paid quota distribution to better reflect industry differences and reduce emissions costs, linking quota allocation to national emission reduction goals [4]. - Establishing a mechanism for quota reserves and borrowing is proposed to mitigate market price volatility and enhance coordination with monetary policy tools [4]. Group 4: Policy Tool Integration - The integration of energy and financial policies is crucial for unlocking the carbon market's potential, with suggestions to align carbon costs with electricity pricing and promote the development of carbon-related financial products [5][6]. - The establishment of a unified carbon asset evaluation method and regulatory framework is emphasized to facilitate the financialization of carbon assets [6]. Group 5: Ecological Compensation and Market Value - The document highlights the need for synergy between carbon markets and ecological compensation mechanisms to enhance the monetization of carbon sink values [7]. - Proposals include allowing emissions units to offset quotas through verified carbon sink projects and linking local ecological compensation funds with carbon market revenues [7]. Group 6: Cross-Regional and Cross-Market Coordination - Strengthening cross-regional coordination is essential to eliminate market fragmentation, with recommendations for unified MRV standards and quota allocation methods across pilot and national markets [8][9]. - The establishment of a national market coordination mechanism is suggested to ensure policy alignment and effective resource allocation across different markets [9]. Group 7: International Linkages - The document stresses the importance of enhancing international connections in carbon markets to bolster global emission reduction efforts, with a focus on aligning with established markets like the EU [10]. - Initiatives to develop a regional carbon trading network and establish a framework for cross-border capital flow management are proposed to mitigate financial risks and enhance China's role in global carbon governance [10].

Core Insights - The rapid development of the green finance market has led to an increase in relevant information and data, with a focus on the latest trends and practices in the field [1] Group 1: Sustainable Finance Initiatives - The Hong Kong Monetary Authority has launched the second phase of public consultation for the "Hong Kong Sustainable Finance Classification Directory," expanding the coverage from 4 to 6 industries and from 12 to 25 economic activities, introducing definitions for "transformation" and "climate change adaptation" [2] - The Central Securities Depository has released a revised disclosure indicator system for green finance, enhancing the compatibility of environmental benefit disclosure standards for green bonds and loans, and providing a unified basis for market application [3] - The China Securities Regulatory Commission reported that the disclosure rate of sustainable reports among listed companies is expected to reach 34.7% in 2024, with mandatory disclosures starting in 2026 for certain companies [4] Group 2: Market Developments and Innovations - A seminar on the innovative application of the Common Green Taxonomy (CGT) reached consensus on expanding the taxonomy to include low-carbon mining and green shipping, and promoting the visibility and investability of green products [5][6] - The national carbon market saw a price fluctuation with a peak of 58.20 yuan/ton and a total trading volume of 11,808,565 tons last week, indicating active market engagement [7] - Gansu Province has launched its first biodiversity loan product, "Borrowing for Pasture," aimed at supporting ecological protection and restoration, marking an innovative financial practice in biodiversity finance [8] - The Macau International Carbon Emission Trading Exchange has officially launched its new green asset trading platform, enhancing the efficiency and transparency of carbon asset transactions [9]

Core Viewpoint - Yuexiu Capital expects a significant increase in net profit for the first three quarters of 2025, driven by strong investment returns and growth in its renewable energy business [2][3][4]. Financial Performance - The projected net profit attributable to shareholders for the first three quarters of 2025 is between 29.22 billion to 30.94 billion yuan, representing a year-on-year growth of 70% to 80% [2][3]. - The expected net profit for the third quarter is between 13.64 billion to 15.36 billion yuan, with a year-on-year increase of 94% to 118% [2][4]. - Excluding non-recurring gains, the net profit is projected to be between 14 billion to 15.8 billion yuan, reflecting an 18% to 32% increase year-on-year [3]. Investment and Business Strategy - The company has actively seized opportunities in the capital market, leading to a substantial increase in investment income [4]. - The renewable energy sector has shown significant growth, with total electricity generation reaching 78.1 billion kWh in the first half of 2025, resulting in electricity revenue of 24.2 billion yuan, a 123% increase year-on-year [6]. - The company is focusing on diversifying its renewable energy product offerings, including solar, wind, and energy storage projects [6]. Accounting Changes and Impacts - A change in accounting for long-term equity investments has contributed to non-recurring gains, with an estimated one-time income of approximately 20.22 billion yuan recognized [5]. - The company anticipates asset impairment provisions of 14 billion to 16 billion yuan for the first three quarters of 2025, which may reduce net profit by about 7.20 billion to 8.20 billion yuan [5]. Management and Governance - Wu Yonggao was appointed as the new general manager in August 2025, marking a significant leadership change [9]. - Investors are keenly observing the company's performance under the new management and its strategic direction, particularly in light of recent acquisitions by its parent group [10].

Group 1 - The fifth World Biosphere Reserve Conference has achieved 100% green electricity supply through the purchase of 79 green power certificates, equating to 79,000 kilowatt-hours of green electricity [1][2] - Green electricity, sourced from renewable energy like wind and solar, has zero carbon emissions during production, making it more environmentally friendly compared to fossil fuels [1] - The total electricity consumption for the conference is estimated to be approximately 78,200 kilowatt-hours, with the green power certificates purchased ensuring all energy used meets green standards [1] Group 2 - As of last year, Hangzhou completed green electricity transactions of 2.3 billion kilowatt-hours and traded 6.69 million green power certificates, achieving the lowest energy consumption per unit GDP in the province [2] - The establishment of the first municipal-level green certificate and green electricity carbon business service center in China aims to provide public services related to green electricity and carbon neutrality [2] - The conference will receive zero-carbon meeting certification post-event, showcasing China's commitment to green development and carbon neutrality [2]

Core Insights - The release of the "2024 Annual China Green Power (Green Certificate) Consumption TOP100 Enterprises List" highlights the increasing commitment of energy companies in China towards green power consumption, with nearly 20 energy firms making the list [1][3]. Group 1: TOP100 Enterprises Overview - The top four positions in the list are dominated by energy companies, with the top two being China Energy Investment Group and State Power Investment Corporation, maintaining their rankings from 2023 [3]. - Local energy companies, Zhejiang Energy Group and Shenzhen Energy Group, have risen to the third and fourth positions respectively [3]. - Other notable companies include China Petroleum and Chemical Corporation and China National Petroleum Corporation, ranking eighth and ninth [3]. Group 2: Green Power Consumption Growth - From January to July 2025, China's total green power consumption reached 5,977 billion kilowatt-hours, marking a year-on-year increase of 42.69% [3]. - Green power trading volume was 1,817 billion kilowatt-hours, also reflecting a growth of 42.10% year-on-year [3]. - The number of green certificates traded reached 416 million, corresponding to an electricity volume of 4,160 billion kilowatt-hours, with a year-on-year increase of 42.96% [3]. Group 3: Industry Impact and Future Directions - The publication of the TOP100 list demonstrates the significant contributions of various industries towards the green energy transition, enhancing market vitality for green consumption [4]. - The joint publishing entities plan to refine the standards and formats for green power consumption reporting, aiming to establish the list as a recognized international brand for green consumption [4].