20240130_银河证券_公用事业行业：CCER重启绿电、减碳市场迎新机遇_22页.pdf

CCER CEA 2024 1 22 CCER 2021 7 CEA CCER CEA CEA 44.27 40%CCER 2024/2030 60/106 74/139 4471/14700 5%2024/2030 CCER 224/735 2024 1 22 CEA 70.67/2021 7 25%CCER 63.51/CEA CCER 1 19 EUA 61.38/2019 12 2030 1990 55%2021 7 Fit for 55 2023 10 1 CBAM 4 CCER 4 CCER CCER 600905.SH 001289.SZ 600163.SH 603693.SH CCER 002658.SZ 300203.SZ CCER CCER iFinD 0YFUyRnQnOnMrPtQmRsNmN6MbPaQtRnNtRnRfQoOoMkPnNoP8OnNvNuOqMtQNZqRpN.5 CCER.6.CCER.10 CCER.11.13 CCER.14.Fit for 55.15.16 CBAM.17.1992 2 1.5 CEADs 2021 113 51%18%11%7%87%2021 7 16 2162 45 CEA CCER 2023 CEA 4.4 56.5/2023 4 CEA 70.3/EUA CEA 2023 10 2023-2025 2.6 1 2024 CCER CCER 2023 10 19 2023 10 24 4 CCER 4 2023 11 2023 12 CCER 2024 1 19 4 5 2024 1 22 375,315 23,835,280 CCER 63.51/(CEA)70.67/CCER 1 19 EUA 61.38/CCER 2022 44.27 40%IETA 36%2024 20%17%2024 2022 44.27 2024 60.42 2030 105.75 CEADs 2022 2023 3.5%2030 0%statista 2024 2030&CCER CCER 3 1 22/24/30 44.27/60.42/105.75 2 5%5%10%5%/8%/10%/12%3 CCER CCER statista CCER 22/24/30 49/74/139/40%14%11%10%6%5%4%1%9%0%20%40%60%80%100%2024 2024 2022 876/1274/3461/2010 83%42%34%2022 0.049/0.033/0.081/2010 89%69%59%2015-2022 162 3046 8.5%2021 2022 2022 6 30 30 1200 2025 4500 8 58.8 25000-30000/300 40 1.6-2.0/0.7-0.8 CCER 2023 8 588 50 2500 125000 8 CCER 40/-60/300-500+2023 28 300 2021 2.2 22.96%175.6 0.8 36.3%2030 2030 25%190&3 1 1.83 1.62 1 0.8 CO2 10 CO2 CO2 100200 0%5%10%15%20%25%05,00010,00015,00020,00025,0002003200420052006200720082009201020112012201320142015201620172018201920202021森林面积 森林覆盖 率0204060801001201401601802002003200420052006200720082009201020112012201320142015201620172018201920202021森林蓄积 量=CCER*30%60%1 CCER 2&2030 4411,058(Mangrove)2020 2020-2025 2025 9050 5500 2000 1000 350 200 9750 2500 3500 3200 550 CCER 2023 7 43.8 23 9 38745.44 183/485/30020010002 4 6 10/E B A*C G*D 可大规模 部署2050 潜在除碳量 可逆成本生态反照率食物安全土壤质量 2019 12 2030 1990 55%2021 7 Fit for 55 8 5 2023 10 RED RED 2030 32%42.5%2.5%45%RED EU-ETS 2005 EUETS 2.2%2021 EUA 2023 EUA 76/Monitoring Report Verfication MRV MRV 2003 2003/87 Directive 2003/87 EUETS 10 32 29 60 2023 4 25 CBAM 2023 10 1 CBAM 2023-2025 CBAM 2026 2034 CBAM CBAM EU ETS 50%2022 6.26 21%2022 1-12 37 4%CBAM CCER CCER 600905.SH 001289.SZ 600163.SH 603693.SH CCER 002658.SZ 300203.SZ iFinD CCER CCER .10 2022 1 2021 6 12 A 300 50 10%-5%10%5%20%5%20%-5%5%5%嫚