Development trends of carbon neutralization: the central enterprises have reached the peak of carbon neutralization and set the goal of carbon neutralization to support the development of green and low-carbon industries. On December 30, the state owned assets supervision and Administration Commission of the State Council issued the guiding opinions on promoting the high-quality development of central enterprises and doing a good job in carbon peak and carbon neutralization. It requires that during the 14th Five Year Plan period, the comprehensive energy consumption of 10000 yuan output value of central enterprises will be reduced by 15%, the carbon dioxide emission of 10000 yuan output value will be reduced by 18%, the installed proportion of renewable energy power generation will reach more than 50%, and the revenue proportion of strategic emerging industries will not be less than 30%, By 2030, the comprehensive energy consumption of 10000 yuan output value will decrease significantly, and the carbon dioxide emission of 10000 yuan output value will decrease by more than 65% compared with 2005. At the same time, the guidance clearly proposes to build a clean and low-carbon energy system, vigorously promote the development of energy cycle system and actively improve carbon emission management mechanism. We believe that under the background of tight power supply and gradual rise of electricity price, energy-saving industries such as cascade utilization of energy and utilization of waste heat, pressure and energy contain great development opportunities. Meanwhile, with the restart of CCER and the expansion of carbon market in the future, carbon trading and forestry carbon sequestration will usher in new development opportunities.
Corporate governance dynamics: the company law (Revised Draft) strengthens the responsibilities of controlling shareholders and directors, supervisors and senior managers. On December 20, 2021, the company law (Revised Draft) was submitted to the 32nd meeting of the Standing Committee of the 13th National People’s Congress for initial deliberation. (1) Improve the specific contents of the loyalty and diligence obligations of directors, supervisors and senior managers, strengthen the standardization of related party transactions, expand the scope of related parties, and increase the reporting obligations and voting avoidance rules of related party transactions; (2) Strengthen the responsibilities of the directors, supervisors and senior executives of the company to maintain the enrichment of the company’s capital, including the compensation responsibilities of the above-mentioned personnel when the shareholders fail to pay their capital contributions, withdraw their capital contributions, and provide financial assistance for others to obtain the shares of the company in violation of the provisions of the company law; (3) It is added that if a director or senior executive causes damage to others due to intentional or gross negligence in the performance of his duties, he shall be jointly and severally liable with the company; (4) If the controlling shareholder or actual controller of the company uses its influence on the company to instruct the directors and senior executives to engage in acts harmful to the interests of the company or shareholders, resulting in losses to the company or shareholders, he shall bear joint and several liability with the directors and senior executives.
Trading dynamics of the national carbon market: the first performance period of the national carbon market has ended, with a cumulative trading volume of about 179 million tons. From July 16 to December 31, the national carbon emission trading market has operated for 114 trading days, and the cumulative trading volume of carbon emission quota (CEA) is 179 million tons, including 133 million tons in December. The trading activity increased significantly in December. On December 31, the closing price was 54.22 yuan / ton, up 12.96% from the opening price on the first day. With the completion of the implementation of carbon emission rights, the carbon emission trading volume will be significantly reduced in the short term. In the long run, with cement, steel, nonferrous metals and other high energy consuming emission subjects gradually incorporated into the carbon emission trading market, the trading volume is expected to maintain a high-speed growth trend.
