Event:

On January 11, 2024, the CPC Central Committee and the State Council issued opinions on comprehensively promoting the construction of a beautiful China.

comments:

comprehensively promote the construction of beautiful China. The "Opinions" emphasized that the current economic and social development of my country has entered a high-quality development stage of accelerating greening and low-carbonization, and the construction of ecological civilization is still in a critical period of pressure superposition and heavy load. The construction of a beautiful China must be placed in a prominent position in the construction of a powerful country and national rejuvenation, maintain the strategic determination to strengthen the construction of ecological civilization, and unswervingly follow the path of civilized development of production development, affluent life, and good ecology. It also proposes to gradually promote green and low-carbon development and the establishment of green lifestyles by 2027 and 2035, steadily improve the quality of the ecological environment, and control the total amount of major pollutants and carbon emissions. A beautiful China with modern ecological environment governance system and governance capabilities.

Actively and steadily promote carbon peak carbon neutrality. (1) Accelerate the planning and construction of a new energy system. Focus on controlling the consumption of fossil energy such as coal, strengthen the clean and efficient use of coal, vigorously develop non-fossil energy, and accelerate the construction of new power systems. (2) to carry out multi-field multi-level pollution reduction and carbon reduction collaborative innovation pilot. Promote the gradual shift of dual control of energy consumption to dual control of total carbon emissions and intensity, and strengthen the basic capacity and system construction of dual control of carbon emissions.

annual compilation of national greenhouse gas inventory. Implementation of methane emission control action plan, research and development of other non-carbon dioxide greenhouse gas emission control action plan. (3) Further develop the carbon trading market. Steadily expand the scope of industry coverage, enrich trading varieties and methods, improve the trading market system, and build and improve the national greenhouse gas voluntary emission reduction trading market.

promote all kinds of resource conservation and intensive use. (1) Implement a comprehensive conservation strategy to promote energy conservation, water conservation, land conservation, material conservation and mine conservation. We will continue to deepen energy conservation in key areas and strengthen energy management in new infrastructure. In-depth implementation of the national water-saving action, strengthen the dual control of total water use and intensity, improve the water use efficiency of key water use industries and products, actively promote the utilization of sewage resources, and strengthen the allocation and utilization of unconventional water sources. (2) to carry out the comprehensive utilization of resources to improve the quality and efficiency of action. Accelerate the construction of waste recycling system, promote waste fan blades, photovoltaic modules, power batteries, express packaging and other waste recycling. We will promote the conservation of raw materials and the recycling of resources, and vigorously develop the remanufacturing industry.

continue to promote pollution prevention and control. (1) Continue to fight the blue sky defense war in depth. Vigorously promote multi-pollutant collaborative emission reduction. Strengthen the comprehensive management of volatile organic compounds, the implementation of the source of alternative projects. High-quality promotion of steel, cement, coking and other key industries and coal-fired boiler ultra-low emission transformation. Focus on solving pollution problems such as stench and cooking fumes. Strengthen the environmental management of ozone-depleting substances and hydrofluorocarbons. (2) Continue to fight the battle of clear water. Overall planning of water resources, water environment and water ecological management. Basically completed the investigation and rectification of sewage outlets into the river and the sea, and comprehensively completed the monitoring and supervision system of sewage outlets. Implementation of key industry enterprises sewage treatment and discharge level performance classification. Speed up the completion of urban sewage collection and treatment facilities short board, the construction of urban sewage pipe network full coverage of the model area, strengthen the harmless treatment of sludge and resource utilization, the construction of sewage treatment green low-carbon benchmarking plant. Carry out endogenous pollution control and ecological restoration according to local conditions, basically eliminate urban and rural black and smelly water bodies and form a long-term mechanism. (3) Continue to fight the pure land defense war in depth. Carry out soil pollution source prevention and control actions, strictly prevent new pollution, gradually solve the long-term accumulation of serious pollution of soil and groundwater, and promote risk control and restoration of large-scale contaminated sites. In-depth fight against pollution in agricultural and rural areas. (4) Strengthen the treatment of solid waste and new pollutants. Accelerate the construction of "waste-free cities", continue to promote new pollutant control actions, and promote the realization of "waste-free" and environmental health in urban and rural areas. Strengthen the comprehensive management of solid waste, the whole chain of plastic pollution control. By 2027, the proportion of "waste-free cities" will reach 60%, and the intensity of solid waste generation will be significantly reduced; by 2035, the construction of "waste-free cities" will be fully covered, and the eastern provinces will take the lead in building "waste-free cities" in the whole region, and the environmental risks of new pollutants will be effectively controlled.

Perfect beautiful China construction guarantee system. (1) Reform and improve institutional mechanisms. Deepen the reform of the ecological civilization system, and promote system integration and mechanism innovation. Strengthen the legal guarantee for the construction of a beautiful China, and promote the formulation and revision of relevant laws in the fields of ecological environment, resources and energy. Improve the EIA source prevention management system, fully implement the pollutant discharge permit system, and accelerate the construction of an environmental protection credit supervision system. Deepen the reform of the environmental information disclosure system in accordance with the law, and explore the evaluation of environmental, social and corporate governance. (2) Strengthen incentive policies. We will improve the market-oriented allocation system of resources and environmental factors, and include carbon emission rights, energy use rights, water use rights and emission rights into the overall plate of market-oriented allocation reform of factors. Implement the sewage treatment charging policy and build a charging mechanism that covers the cost of sewage treatment and sludge disposal and makes a reasonable profit. Improve the value realization mechanism of ecological products, and promote the innovation of ecological environment-oriented development mode and investment and financing mode. Strengthen financial support for the construction of beautiful China and optimize the allocation of financial resources in the field of ecological civilization construction. Vigorously develop green finance, support qualified enterprises to issue green bonds, and guide various financial institutions and social capital to increase investment. (3) Strengthen scientific and technological support. We will promote the self-reliance of green and low-carbon science and technology, innovate the system and mechanism of ecological and environmental science and technology, and build a market-oriented green technology innovation system. Take pollution reduction and carbon reduction, coordinated emission reduction of multiple pollutants, response to climate change, biodiversity protection, new pollutant control, and nuclear safety as key areas of national basic research and technological innovation, and strengthen key core technology research. Strengthen the in-depth integration of enterprise-led production, education and research, guide enterprises, universities, and scientific research institutions to jointly build a number of green and low-carbon industrial innovation centers, and increase the supply of high-efficiency green environmental protection technology and equipment products.

investment proposal: the State Council issued the opinions on comprehensively promoting the construction of a beautiful China, and put forward guiding opinions from the aspects of double carbon process, resource conservation and regeneration, pollution prevention and green finance, so as to continuously promote the construction of a beautiful China and ecological civilization. The Opinions emphasize the development of multi-field, multi-level and multi-level collaborative innovation pilot projects for pollution reduction and carbon reduction and the further improvement of the carbon trading market. In combination with the Interim Regulations on the Management of Carbon Emissions Trading (Draft) previously reviewed and approved, the process of carbon neutralization should be actively and steadily promoted. It is suggested to pay attention to the field of environmental monitoring equipment related to carbon emission monitoring, such as:


Snow Dilong (002658), etc. The "Opinions" emphasize the promotion of the construction of a resource-saving society, accelerate the construction of a waste recycling system, and recommend paying attention to waste recycling related fields, such as: Wangneng Environment (002034), Excellent New Energy (688196), etc. The Opinions also specify that we should continue to fight for blue sky, clear water and pure land and promote the construction of a "waste-free city". At the same time, we emphasize the market-oriented allocation of resources and environmental factors and the optimization of financial allocation support. We suggest paying attention to relevant environmental protection fields that are expected to benefit and improve the performance of operating projects, such as Xingrong Environment (000598), Capital Environmental Protection (600008), Hongcheng Environment (600461), Blue Water (300070), etc.

Risk Warning: Policy promotion is less than expected, project release is less than expected, industry competition intensifies.