The contradiction between global energy supply and demand is prominent and prices are rising. On the surface, there are individual factors such as China’s dual control of energy consumption, the discipline of shale oil capital expenditure in the United States and the interruption of oil and gas facilities in Russia. The common factor behind is the acceleration of new energy construction, while the long-term capital expenditure of traditional energy is insufficient under the influence of ESG and supply side reform of the epidemic.
The contradiction between old and new energy sources has prompted countries to find a rebalancing between the security and stability of the old world and the clean and low-carbon of Shanghai New World Co.Ltd(600628) . History will move forward in waves through repetition, and finally the old order established on the old world system will disintegrate and Shanghai New World Co.Ltd(600628) dominate the order.
Risk warning: ESG policy support is not as expected; The development of ESG concept is not as expected; ESG investor recognition is lower than expected
