In this collective study, Xi Jinping General Secretary stressed the need to deal with "four pairs of relationships" in the process of "double carbon" work, and pointed out several key tasks such as "promoting energy revolution", "promoting industrial optimization and upgrading" and "accelerating green and Low-carbon Science and technology revolution", which we believe have certain guiding significance for investment.
From the perspective of "four pairs of relations": 1) the relationship between development and emission reduction emphasizes the need to give consideration to carbon reduction objectives and economic development. The coal supply will remain relatively stable in the short term, and the demand for new energy investment may still be large. The demand for equipment replacement in thermal power and high energy consuming industries plays a supporting role in the prosperity of upstream industries. 2) The overall and local relationship emphasizes the coordinated promotion of industrial transfer and upgrading and the dual carbon goal. Under the dual carbon target, the process of industrial transfer and upgrading is expected to accelerate, which will reduce the labor cost of corresponding industries, promote consumption in the central and western regions, and stimulate relevant manufacturing enterprises and middle-end consumption. 3) The relationship between long-term goals and short-term goals is the correction of the previous "sports carbon reduction". It is expected that the suppression and impact on traditional energy and high energy consuming industries will be alleviated. 4) The relationship between the government and the market emphasizes the role of the market. The financialization process of China's carbon market may gradually open, bringing incremental business space for financial institutions, emission control enterprises and third-party consulting institutions.
From the key work of deployment: 1) in terms of new energy, the construction of centralized wind power, photovoltaic and UHV is expected to be accelerated and increased; In terms of traditional energy, coal chemical enterprises can replace some fuel coal through green power to alleviate the capacity and output constraints caused by dual control of energy consumption. 2) Industrial optimization and upgrading will bring investment opportunities: in terms of emerging technologies, the integration of Internet, big data, artificial intelligence, 5g and green low-carbon technologies; In terms of remanufacturing and environmental protection, renewable resource recycling enterprises, green sorting service providers and remanufacturing enterprises; In terms of green consumption, in addition to new energy vehicles, urban rail and intercity railway have good prospects.
