20240217-德邦证券-环保与公用事业行业周报_碳排放权交易管理暂行条例_公布_碳市场建设进一步完善_16页_1mb

Market Performance Overview

上周公用事业行业指数大幅上涨，达到261%，环保行业指数上涨103%。具体子板块表现如下：固废处理板块上涨788%，电能综合服务上涨769%。

Key Developments

• Carbon Emission Trading: The newly published Carbon Emission权交易管理暂行条例 will take effect from May 2024. It clarifies the scope of carbon market mechanisms, enhances data accuracy, and strengthens enforcement against fraud.

• Rural Environmental Improvement: The Central Government's opinion emphasizes rural sanitation and waste management to support sustainable village development.

• Energy Sector Updates: Policies from内蒙古 and national authorities, including support for new energy integration and auxiliary services markets, aim to promote clean energy and grid stability through transparency and flexible pricing.

Investment Recommendations

• High-priority sectors include carbon monitoring, water and waste management, renewable energy, and power companies like 南网科技 and 中国核电.

• Recommended companies are: for carbon-related, 雪迪龙, 皖仪科技, 聚光科技; for rural and waste, 中原环保, 中国天楹, 旺能环境; for energy, 南网科技, 中国核电, 华电重工.

Risk Factors

Potential issues include delayed project implementations, increased market competition, global political instabilities, slower-than-expected policy adoption, and risks associated with electricity pricing adjustments.