Twelfth Five-Year Energy Saving and Emission Reduction Determines Ten Key Tasks for Environmental Protection Industry

Abstract On July 26, the National Development and Reform Commission identified the top ten key tasks for energy conservation and emission reduction in the 12th Five-Year Plan. Premier Wen Jiabao, head of the State Council's leading group on climate change and energy conservation and emission reduction, chaired the National Leading Group for Climate Change and Energy Conservation and Emission Reduction Meeting, deliberation and principle with...

On July 26, the National Development and Reform Commission identified the top ten key tasks for energy conservation and emission reduction in the 12th Five-Year Plan. Premier Wen Jiabao, head of the State Council's leading group on climate change and energy conservation and emission reduction, chaired the National Leading Group Meeting on Climate Change and Energy Conservation and Emission Reduction. Review and agree in principle to the comprehensive work plan for energy conservation and emission reduction in the “Twelfth Five-Year Plan”, and the energy conservation and emission reduction program will benefit the development of China's environmental protection industry.  

Twelfth Five-year energy saving and emission reduction

The National Leading Group for Climate Change and Energy Conservation and Emission Reduction reviewed and agreed in principle to the comprehensive work plan for energy conservation and emission reduction in the 12th Five-Year Plan. The relevant person in charge of the National Development and Reform Commission said that the implementation plan for energy conservation and emission reduction and greenhouse gas emission control prepared by China in the near future is planned to be carried out in 10 aspects, such as strengthening energy conservation and emission reduction and reducing carbon intensity.

These measures include the implementation of residential electricity, water ladder prices, comprehensive implementation of heating metering charges; increase differential electricity prices, punitive electricity prices implementation; increase financial institutions' credit support for energy-saving emission reduction, low-carbon projects, establish bank green The rating system; accelerate the construction of energy conservation and environmental protection standards system, establish a "leaders" standard system; timely expand the content and scope of low carbon pilots.

In order to optimize the industrial structure and energy structure, China will vigorously develop service industries and strategic emerging industries, curb the excessive growth of high-energy-consuming and high-emission industries, strengthen the constraints of energy conservation, environmental protection, land and safety, and accelerate the elimination of backward production capacity. Promote the transformation and upgrading of traditional industries. At the same time, China will adjust the consumption structure of energy and vigorously develop renewable energy.

China will implement energy-saving renovation projects, major energy-saving technology industrialization demonstration projects, energy-saving products Huimin projects, contract energy promotion projects and energy-saving management capacity construction projects; implementation of urban sewage treatment facilities and supporting pipe network construction projects, large-scale livestock and poultry breeding pollution Management engineering and desulfurization and denitrification projects.

China will also strengthen energy conservation and emission reduction management, rationally control the total amount of energy consumption, carry out energy efficiency benchmarking activities, and promote energy conservation and emission reduction in industries, construction, transportation and other fields.

In order to vigorously develop the circular economy, China will formulate a national circular economy development plan and special plans for key areas, deepen the pilot demonstration of circular economy, promote the typical model of circular economy, realize the transformation of the development of circular economy from pilot to demonstration, comprehensively promote cleaner production, and strengthen Comprehensive utilization of resources.

In order to accelerate the development and promotion of energy-saving and emission reduction technologies, China will organize the development of common energy, key and cutting-edge technologies for energy conservation and emission reduction; implement major technologies and equipment industrialization projects for energy conservation and emission reduction, and focus on supporting rare earth permanent magnet ironless core motors and semiconductor lighting. Industrialization of key technologies and equipment such as low-grade waste heat utilization. Accelerate the promotion and application of energy saving and emission reduction technologies.

China will also improve relevant economic policies, rationalize the price relationship of resource products, promote the price of residential electricity and water use, comprehensively implement heating metering and charging; increase the implementation of differential electricity prices and punitive electricity prices. Improve the sewage treatment fee policy and reform the garbage disposal fee method. Deepen the use of financial subsidies to promote support mechanisms such as energy efficient products. We will promote resource tax reform and promote the implementation and improvement of taxation policies for comprehensive utilization of resources. Increase the credit support of various financial institutions for energy conservation, emission reduction and low carbon projects, and establish a green rating system for banks.

In order to promote the low-carbon pilot project, China will organize pilot provinces and districts to formulate low-carbon development plans, actively explore low-carbon development models with local characteristics, take the lead in forming a policy system and institutional mechanism conducive to low-carbon development, and accelerate the establishment of Low-carbon emissions are characterized by industrial, construction, and transportation systems, and the content and scope of low-carbon pilots are expanded in a timely manner.

In terms of sounding relevant institutional mechanisms, China will improve laws and regulations on energy conservation and environmental protection and climate change; promote market-based mechanisms for energy conservation and emission reduction, expand the pilot use of paid emissions and trading of major pollutants, and gradually promote the construction of carbon emissions trading markets and promote pollution. Governance facilities construction and operation franchise; accelerate the construction of energy conservation and environmental protection standards system, establish a "leaders" standard system, promote the rapid improvement of energy efficiency levels of energy-using products; explore the establishment of low-carbon product identification and certification system.

Energy conservation and emission reduction policies benefit the environmental protection industry

GF Securities analysis report believes that energy conservation and emission reduction will continue to advance, and the profit of power transmission and transformation will soon bottom out. Energy conservation and emission reduction continue to advance. With the continuous expansion of market coverage and the diversification of user demand, medium and low voltage inverters have strong ability to withstand the fluctuation risk of downstream single industry demand. Relatively speaking, it is more optimistic about the distribution equipment with a large amount of downstream market. It is recommended to focus on upstream component products with core competencies.

Haitong Securities believes that energy conservation pressures will be heavy and nuclear power will continue. The analysis said: “Other clean energy sources cannot replace nuclear power. Energy conservation is difficult, and nuclear power has to be developed. During the 11th Five-Year Plan period, China’s energy consumption per unit of GDP fell by 19.1%. It is mainly achieved by eliminating backward production capacity.

During the “Twelfth Five-Year Plan” period, the planned unit GDP energy consumption decreased by 16% from the previous month, and the backward production capacity was basically phased out. The energy efficiency indicators of the six high energy-consuming industries reached the world advanced level. During the “Thirteenth Five-Year Plan” period, energy consumption per unit of GDP is expected to continue to fall by about 11%. Empirical data indicates that this energy-saving indicator is under great pressure. It is believed that nuclear power will not be abandoned, and the market space for energy-saving services will be quickly opened.

According to the analysis of CITIC Securities, the power cut and energy-saving emission reduction will push up the price of chemical products. According to the analysis, the domestic “electricity shortage” began to spread in the country, especially in the eastern region. In March, Jiangsu, Zhejiang and other places have adopted a series of measures to reduce the use of electricity by high-energy-consumption and high-emission enterprises, encourage enterprises to avoid peak electricity consumption, and limit electricity to non-continuous production enterprises. Discriminatory electricity price policies have also entered. The scope of discussion; the rebound of high-energy-consuming industries will lead to energy conservation and emission reduction, so it is recommended to focus on investment opportunities in high-energy-consuming industries such as chlor-alkali.

Xue Jun, a researcher at Everbright Securities, believes that with the advancement of the elimination of backward production capacity this year, industries such as cement, steel and paper will continue to improve marginal utility in the current supply and demand relationship, while industries such as nonferrous metals, glass and chemicals will also benefit, but At present, the critical point of supply and demand balance has not yet reached, and the degree of benefit remains to be seen.

The industry believes that the improvement of the assessment mechanism will greatly enhance the enthusiasm of local governments for promoting energy conservation and emission reduction. The state vigorously promotes energy conservation and emission reduction, and will provide opportunities for development of related industries such as energy conservation and environmental protection. According to relevant industry associations and experts, as of the end of 2009, the total output value of China's energy conservation and environmental protection industry reached 1.71 trillion yuan. By 2015, the total output value of energy conservation and environmental protection industry is expected to exceed 3 trillion yuan, accounting for about 8% of GDP.

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