Coping with climate change is the due meaning of China's high-quality development. From the accelerated construction of the "1 + n" policy system of carbon peak and carbon neutralization, to the launch of the world's largest carbon market, and then to multi industries welcoming opportunities and driving into the fast lane of development... In the first year of the 14th five year plan, carbon peak and carbon neutralization were written into the government work report, and a systematic economic and social change spread all over the country. Looking forward to the future, the pace of China's green and low-carbon transformation will be further accelerated. With the implementation of carbon peaking schemes in key industries, the continuous expansion of the national carbon market, new energy industry chains such as new energy vehicles and scenery storage may have greater structural opportunities. "Double carbon" action accelerated On December 7, with the official operation of Guangdong Petroleum Guangzhou Jinlong comprehensive energy service station, Sinopec, the former "oil seller", reached the annual goal of "double 1000" charging and replacement power stations and distributed photovoltaic power generation stations in advance. Unswervingly moving towards green and low-carbon is not only the choice of enterprises, but also the responsibility of the country. Carbon dioxide emissions will reach the peak before 2030 and strive to achieve carbon neutralization by 2060 - China announced this goal to the world in September 2020 and is now fully putting it into action. According to incomplete statistics, since September last year, China has issued more than 20 policies involving "double carbon". In October this year, two important documents, the opinions of the CPC Central Committee and the State Council on completely, accurately and comprehensively implementing the new development concept and doing a good job in carbon peak and carbon neutralization, and the action plan for carbon peak before 2030, were released to plan the top-level design and action roadmap for realizing carbon peak and carbon neutralization. From the CSRC's increasing financial support for green and low-carbon enterprises to the central bank's creation and launch of carbon emission reduction support tools within the year and the establishment of 200 billion yuan of special refinancing to support clean and efficient utilization of coal, financial support for green and low-carbon development has also formed a policy scale. Green is becoming a bright background for high-quality development. By the end of October this year, the cumulative installed capacity of renewable energy power generation in China had reached 1.002 billion kw, double that at the end of 2015, accounting for 43.5% of the total installed capacity of power generation in China. The proportion of clean energy consumption in total energy consumption in the first three quarters increased by 0.6 percentage points year-on-year. Both increase and decrease. Since this year, the central and local governments have resolutely curbed the blind development of "two high" projects and strictly prevented the resurgence of excess capacity. Inner Mongolia, Hainan, Shaanxi, Ningxia, Shanxi and other places explicitly require strict access to "two high" projects. Some regions have also cancelled the preferential policies for electricity prices of "two high" projects, strictly controlled the credit scale of "two high" projects, and cut off the source of construction and operation funds of illegal "two high" projects. The "1 + n" policy system of carbon peaking and carbon neutralization will be further improved. Huang Libin, director of the Department of energy conservation and comprehensive utilization of the Ministry of industry and information technology, recently said that the Ministry of industry and information technology, together with relevant departments such as the national development and Reform Commission, has prepared and completed the implementation plan of carbon peak in industrial fields and key industries such as iron and steel, non-ferrous metals, petrochemical and chemical industry and building materials, which will be released in succession according to unified requirements and processes. The world's largest carbon market welcomes the "first test" As an important tool to implement the "double carbon" goal, the national carbon market was officially launched on July 16 this year. At present, the first performance cycle of the national carbon market from 2019 to 2020 is under way. On December 7, the seven key emission units in the power generation industry included in the first batch of carbon emission trading markets in China successfully completed the quota settlement of the first performance cycle, becoming the first province in China to achieve a performance rate of 100%. According to the notice of the Ministry of ecological environment, 95% of the country's key emission units will complete the performance before December 15, and all key emission units will complete the performance before December 31. As the deadline of the performance period approaches, the liquidity of the national carbon market is gradually enhanced. On December 8, the total trading volume of carbon emission quota in the national carbon market was 4.347 million tons, with a turnover of 168 million yuan. This is the ninth consecutive trading day in the national carbon market, with a single day trading volume of more than 2 million tons. Shanghai Environmental Exchange said that the number of key emission units participating in the transaction is nearly three times that at the beginning of last month, and the trading volume has been at a high level since November. The average daily trading volume in November was 1046800 tons, with a total trading volume of 23.0297 million tons, exceeding the total trading volume in the previous four months. Zhang Xiliang, director of the Institute of energy, environment and economics of Tsinghua University, said that the establishment of the national carbon market can control the total amount of carbon emissions at low social costs, provide effective incentives for economic and industrial transformation and upgrading, promote the formation of new drivers of economic growth, and is also an important innovation in energy conservation and emission reduction policies. "At present, no developing country in the world has established a mature and stable carbon market. Although only the power generation industry participates in the transaction, China's carbon market is already the largest carbon market in the world, which will provide reference for the construction of carbon market and regional carbon market connection in developing countries." Zhang Xiliang said. "The market has just started. Such a transaction scale is still OK. At the same time, there are many mechanisms to improve." Lai Xiaoming, chairman of Shanghai Environmental Exchange, pointed out that in the next step, the national carbon market will expand market coverage. Now it is planned to be included in the non-ferrous smelting and building materials industry next year. Multi industry will meet greater opportunities On December 8, the reporter of economic information daily learned that recently, the national development and Reform Commission and other departments issued the implementation plan for implementing the goal of carbon peak and carbon neutralization and promoting the green and high-quality development of new infrastructure such as data center and 5g, which proposed that by 2025, the data center and 5g will basically form a green and intensive integrated operation pattern. Encourage the use of renewable energy such as wind energy and solar energy. Combine new technologies such as energy storage and hydrogen energy to increase the proportion of renewable energy in the energy supply of the data center. This is another opportunity for the development of green and low-carbon industries. According to the "14th five year" industrial green development plan, by 2025, the output value of China's green environmental protection industry will reach 11 trillion yuan. New energy, new materials, new energy vehicles and other industries will receive key support. From January to October this year, the cumulative sales of new energy vehicles in China were 2.542 million, a year-on-year increase of 176.6%. "The new energy vehicle market has entered a new stage of explosive growth." Ouyang Minggao, academician of the Chinese Academy of Sciences and vice president of China electric vehicle hundred people's Association, predicts that the total sales of new energy vehicles will be about 3.3 million this year. He predicted that even affected by battery supply, chip supply and capacity constraints, China's new energy vehicles will continue to grow to 5 million next year. It is estimated that the market share of new energy vehicles will be more than 20% next year. The heat of the new energy industry is also expected to continue next year. The National Energy Administration recently issued a notice requiring provincial energy authorities to report the list of the second batch of large-scale wind power photovoltaic bases focusing on deserts, Gobi and desert areas by December 15. According to the data of CSC, by the end of November, the number of the first batch of large-scale wind power photovoltaic base projects had reached 21, and the construction scale exceeded 55.14gw. Dongfang Securities Research Report believes that with the breakthrough of the follow-up industrial chain and even the integrated energy system on short-term contradictions one by one, the new energy system is expected to really usher in structural growth. It is conservatively estimated that during the 14th Five Year Plan period, the average annual installed capacity of the domestic wind power industry is expected to exceed 54gw, and the average annual compound growth rate is expected to exceed 15%. The growth space of photovoltaic is also expected to be gradually opened. It is expected that the global installed demand will increase to 190-210gw in 2022, with a year-on-year increase of nearly 25%. Energy storage will also enter a high-speed growth period, and the demand side will blossom in an all-round way. (outlook new era)