event:
On December 30, SASAC publicly issued the guidance on promoting the high-quality development of central enterprises and doing a good job in carbon peak and carbon neutralization (hereinafter referred to as the guidance), so as to solidly promote central enterprises to play a demonstration and leading role in promoting national carbon peak and carbon neutralization.
comment:
The guidance is expected to stimulate the enthusiasm of central enterprises to promote double carbon work. Main objectives of the Guiding Opinions: by 2025, significant progress will be made in the adjustment and optimization of the industrial structure and energy structure of central enterprises, the energy utilization efficiency of key industries will be greatly improved, the construction of new power systems will be accelerated, and positive progress will be made in the R & D, promotion and application of green and low-carbon technologies; The comprehensive energy consumption of 10000 yuan output value of central enterprises is 15% lower than that in 2020, the carbon dioxide emission of 10000 yuan output value is 18% lower than that in 2020, the installed capacity of renewable energy power generation is more than 50%, and the revenue of strategic emerging industries is no less than 30%, laying a solid foundation for achieving carbon peak. The guidance defines the objectives of carbon peaking and carbon neutralization of central enterprises, and integrates carbon peaking and carbon neutralization into the assessment and evaluation system of central enterprises, which is expected to stimulate the enthusiasm of central enterprises to promote double carbon work.
Develop biomass energy according to local conditions, and the waste incineration power generation industry chain is expected to benefit. The guidance proposes to optimize the development layout of non fossil energy and continuously increase the proportion of non fossil energy business. Improve the clean energy equipment manufacturing industry chain and support the development and utilization of clean energy. Develop biomass energy according to local conditions. In addition, actively cultivate new products and new businesses, and develop carbon sink projects and national certified voluntary emission reduction (CCER) projects. It is expected that the development of waste incineration power generation industry is expected to accelerate, the investment demand of waste incineration power generation industry chain is expected to increase, and the corresponding industry chain is expected to benefit.
Accelerate the construction of circular economy system, and the solid waste recycling industry chain is expected to benefit. The guiding opinions put forward that central enterprises should focus on reduction, reuse and recycling, and strive to build a resource recycling industrial system. Promote enterprise recycling production and industrial recycling combination, promote comprehensive utilization of waste, cascade utilization of energy, utilization of waste heat, residual pressure and residual energy, and recycling of water resources, focus on broadening the comprehensive utilization channels and utilization scale of bulk industrial solid waste and construction waste, and open up demonstration project construction. Support qualified enterprises to actively participate in the collaborative disposal of municipal solid waste. Improve the processing and utilization level of renewable resources, and promote the large-scale, standardized and clean utilization of renewable resources such as waste steel, waste non-ferrous metals, waste plastics and waste power batteries. In the process of building a circular economy system, solid waste recycling technology is expected to be valued, investment is expected to increase, and the solid waste recycling industry chain is expected to benefit.
Accelerate the construction of a new power system, and the UHV transmission and power grid automation industrial chain is expected to benefit. The guiding opinions put forward that efforts should be made to improve the power supply guarantee capacity, improve the power grid's ability to absorb and regulate a high proportion of renewable energy, and ensure the safe and stable operation of large power grids. Strengthen the collaborative interaction between source network load and storage, and strive to improve the flexible regulation ability of power system. We will build core backbone grids with high quality and encourage the construction of smart energy systems and microgrids. Improve the application architecture and standards of source network load storage interactive technology, and build a source network load storage collaborative interactive regulation platform. In the process of improving the consumption and regulation capacity of renewable energy, the investment demand of UHV transmission and power grid automation industrial chain is expected to increase, and the market scale is expected to expand.
Investment suggestions: it is recommended to pay attention to Zhejiang Weiming Environment Protection Co.Ltd(603568) (603568), Grandblue Environment Co.Ltd(600323) (600323), Chongqing Sanfeng Environment Group Corp.Ltd(601827) (601827), Dynagreen Environmental Protection Group Co.Ltd(601330) (601330), solid waste recycling Zhefu Holding Group Co.Ltd(002266) (002266), Beijing Geoenviron Engineering & Technology Inc(603588) (603588), Jiangsu Huahong Technology Co.Ltd(002645) (002645), UHV transmission and power grid automation Nari Technology Co.Ltd(600406) (600406), Xj Electric Co.Ltd(000400) (000400).
Risk warning: policy promotion is not as expected; The progress of the construction project is less than expected; Product price fluctuation risk; The promotion of carbon emission trading was less than expected.
