According to the national development and Reform Commission on February 10, the national development and Reform Commission and the National Energy Administration recently issued the opinions on improving the institutional mechanisms, policies and measures for green and low-carbon energy transformation.
The opinions put forward that during the 14th Five Year Plan period, the institutional framework for promoting green and low-carbon energy development should be basically established, a relatively perfect policy, standard, market and regulatory system should be formed, and a green and low-carbon energy transformation promotion mechanism led by the “double control” of energy consumption and the target system of non fossil energy should be constructed. By 2030, we will basically establish a complete basic system and policy system for green and low-carbon development of energy, and form an energy production and consumption pattern in which non fossil energy can basically meet the increment of energy demand, replace the stock of fossil energy on a large scale, and comprehensively enhance the ability of energy security.
Affected by the news, the green power sector fluctuated higher on the 10th. As of the close, Ning Xia Yin Xing Energy Co.Ltd(000862) , Guangdong Shunkong Development Co.Ltd(003039) rose by the limit, and elion energy conservation and other stocks also rose sharply.
accelerate the construction of the national carbon emission trading market
The opinion proposes to take into account the situation of renewable energy resources, development and utilization conditions and economic development level in various regions, scientifically decompose the medium and long-term total amount and minimum proportion targets of national renewable energy development and utilization to all provinces (autonomous regions and municipalities directly under the central government), and improve the guarantee mechanism of renewable energy power consumption. Promote local governments to establish and improve the energy budget management system, and explore and carry out energy consumption output benefit evaluation. Strengthen top-level design and overall coordination, and accelerate the construction of a national carbon emission trading market, energy rights trading market and green power trading market.
improve and promote green power certificate trading
The opinion proposes to promote the construction of a unified green product certification and labeling system, establish a green energy consumption certification mechanism, and promote all kinds of social organizations to accept the certification results. Establish the promotion mechanism of electric energy substitution, and strengthen the technical guidance of electric energy substitution by improving relevant standards. Improve and promote green power certificate trading and promote green power consumption. Encourage the whole society to give priority to the use of green energy and the purchase of green products and services, and public institutions should set an example.
promote green and low-carbon transportation facilities and equipment
The opinion proposes to promote the green and low-carbon transformation of transportation, optimize the transportation structure, and promote green and low-carbon transportation facilities and equipment. We will promote large-capacity electrified public transport and clean energy transportation tools such as electric power, hydrogen energy, advanced biological liquid fuel and natural gas, improve the layout and service facilities of charging and changing electricity, hydrogenation and gas (LNG) stations, and reduce the cost of clean energy in the field of transportation.
accelerate the construction of large-scale wind power and photovoltaic power generation bases
The opinion proposes to promote the construction of an energy supply system dominated by clean and low-carbon energy. Focusing on deserts, Gobi and desert areas, accelerate the construction of large-scale wind power and photovoltaic power generation bases, upgrade and transform the existing coal-fired power units in the region, explore and establish a mechanism for coordination between the sending and receiving ends to provide regulation for the transmission of new energy power, and support the construction, combination and development of new energy power.
strengthen the top-level design of new power system
The opinions pointed out that we should promote clean power sources and electrification of terminal energy consumption, formulate the development strategy and overall plan of new power system to meet the needs of new energy power development, and encourage all kinds of enterprises and other entities to actively participate in the construction of new power system. Assess the adaptability of green and low-carbon development of the existing power system, and improve the technology and optimize the system in terms of power grid architecture, power supply structure, source network load storage coordination, digital and intelligent operation control, etc.
pilot green power trading
The opinions proposed to establish a unified national power market system, speed up the construction of power auxiliary service market, promote the pilot operation of power spot market in key regions, improve the organic connection mechanism between power medium and long-term, spot and auxiliary service transactions, explore the trading mechanism of capacity market, and deepen the reform of key fields such as power transmission and distribution, Promote green and low-carbon development of electric power through marketization. Improve the power trading mechanism conducive to the priority utilization of renewable energy, carry out pilot green power trading, and encourage new energy power generation entities to sign long-term power purchase and sales agreements with power users or power sales companies. Support emerging market entities such as microgrid, distributed generation, energy storage and load aggregators to participate in power trading independently.
study the inclusion of clean and low-carbon energy projects in REITs pilot
Put forward opinions on the financing of clean energy projects and increase support for low-carbon energy projects. Through investment within the central budget, we will support projects with high contribution to carbon emission reduction in the energy field, and include qualified major clean and low-carbon energy projects into the scope of special bond support of local governments. The national green development fund and existing low-carbon transformation related funds should focus on the development and utilization of clean and low-carbon energy, the construction of new power systems, and the green and low-carbon transformation of fossil energy enterprises. Promote market-oriented investment and financing of infrastructure projects related to clean and low-carbon energy, and study the inclusion of clean and low-carbon energy projects into the pilot scope of real estate investment trusts (REITs) in the field of infrastructure.
encourage qualified enterprises to issue green bonds such as carbon neutral bonds
The opinion proposes to innovate green financial products that adapt to the characteristics of clean and low-carbon energy, encourage qualified enterprises to issue green bonds such as carbon neutral bonds, and guide financial institutions to increase support for projects with significant carbon emission reduction benefits; Encourage the issuance of sustainable development linked bonds to support the green and low-carbon transformation of fossil energy enterprises.
attract and guide foreign investment into the field of clean and low-carbon energy industry
The opinions made it clear to implement the catalogue of industries that encourage foreign investment, improve relevant support policies, and attract and guide foreign investment in the field of clean and low-carbon energy industry. Improve the incentive mechanism to encourage foreign investment to integrate into China’s clean and low-carbon energy industry innovation system, and strictly protect intellectual property rights.
favorable wind power, photovoltaic and green power
Galaxy Securities research report pointed out that building a green power system based on new energy is the key to achieving the “double carbon” goal. The levelized kwh cost of wind power and photovoltaic power is still in the downward channel, which will further ensure the profitability of new projects. Under the background of rising thermal power prices and the construction of a national unified power market system, the society’s acceptance of new energy power generation has increased, and there is still room to improve the green power premium and consumption ratio. New energy operators and operators of traditional coal-fired power transformation to new energy power generation are expected to fully benefit.
Citic Securities Company Limited(600030) believes that it is expected that wind power and photovoltaic will enter a faster development period in 2022 thanks to the help of policies. With the advent of the photovoltaic era, key materials such as silicon wafer, adhesive film and backplane are expected to open up the demand space, and the iteration of new technologies such as double glassy silicon module and transparent backplane is also expected to bring the demand for new materials. The improvement of material performance requirements for the large-scale wind turbine blades will also lead to the demand for material iteration.
