(Economic Observer) How to invest in China's trillion-dollar green investment to help stabilize growth?
China News Agency, Beijing, April 25 (Reporter Wang Enbo) Steady growth is an important challenge facing China at the moment.
Faced with multiple uncertainties, how can China clarify the contradictions in stabilizing growth by focusing on high-quality growth, low-carbon economy and energy transition?
On the "Energy China" of the China News Agency National Forum held on the 25th, the participants focused on making good use of green investment.
Yang Weimin, member of the Standing Committee of the National Committee of the Chinese People's Political Consultative Conference and deputy director of the Economic Committee, said that the current impact of the epidemic is short-term and has not changed the fundamentals of China's strong economic resilience and long-term improvement.
China has a complete industrial system, abundant human resources, convenient infrastructure, a strong domestic market, and a large and dynamic market entity. There are still many policy tools in the macro policy toolbox.
Therefore, China's economy is capable of achieving steady development.
"Stable growth requires quality and efficiency." Zou Ji, CEO of the Energy Foundation and President of China, reminded that we can no longer rely on "two highs" (high pollution, high energy consumption) projects to maintain GDP, but to take advantage of this round of Cycle adjustment, effectively explore new investment and consumption directions, change the connotation of investment and consumption, and form development momentum that connects with the new short-term and medium-to-long-term development directions.
Economic growth and energy have historically been inseparable.
Some people believe that there is an "impossible triangle" in the field of energy production and supply, that is, the goals of "cheap", "safe" and "clean" energy cannot be achieved at the same time.
In Zou Ji's view, this view is becoming outdated.
He pointed out that China is ushering in a profound industrial revolution marked by the revolution in energy science and technology, which determines that we must use a new development concept to deal with the differences between different policy objectives such as economic growth, energy security, environmental quality and climate stability. relationship, they can work together.
It is especially important to link short-term goals with medium- and long-term goals.
In the context of China's proposed "dual carbon" goal, the supporting role of investment in green and low-carbon fields for economic growth is attracting attention.
Wang Hanfeng, chief strategist and managing director of CICC, predicts that between now and 2060, the scale of China's green investment may reach 139 trillion yuan (RMB, the same below).
An analysis by the Energy Foundation shows that by 2050, direct investment in carbon neutrality in China could reach 140 trillion yuan. If related investments are considered, the actual investment potential is far greater than this.
Where will this huge amount of money go?
Li Junfeng, Sequoia China Investment Partner and Dean of Sequoia Carbon Neutral Research Institute, calculated an account: It is estimated that China's energy consumption will reach 6 billion tons in 2060, and 80% of the carbon neutrality requirements will come from non-fossil energy. That is 4 billion tons.
At present, China's non-fossil energy consumption is less than 800 million tons, and the average annual non-fossil energy production capacity will need to increase by about 80 million tons in the next 40 years.
Investment opportunities in the energy transition are obvious, he said.
Jiang Yi, an academician of the Chinese Academy of Engineering, believes that to realize the energy revolution and fully transform from fossil energy to zero-carbon energy, we need to focus on three investment areas: one is the construction of new urban building power distribution systems and intelligent and orderly charging piles; the other is the construction of new rural energy systems , to make rural areas from energy consumers become an important source of zero-carbon energy; the third is to make the low-grade waste heat supply system of process industries a heat source for building heating and non-process industry production.
Digitization and intelligence, "dual carbon" goals and greening, internal circulation construction and supply chain reconstruction - Shi Denian, deputy chief engineer of the China Academy of Information and Communications Technology, believes that the three core trends of China's manufacturing industry also contain green investment opportunities.
He suggested that under the green trend of the "dual carbon" target, investment opportunities in the manufacturing industry chain of low-carbon new energy utilization equipment, energy storage and energy conservation and emission reduction industry chain can be focused.
Liu Xiaoshi, executive deputy secretary-general of the China Electric Vehicle 100 Association, is optimistic about the stimulating effect of new energy vehicles on the economy.
He analyzed that the development of new energy vehicles has affected many related industries and the automobile ecology, and the ecology of the new energy automobile industry is gradually evolving into a "mesh ecology" involving many fields and subjects such as automobiles, energy, transportation, and communications. Innovation will further contribute to high-quality economic development.
In promoting green investment, the role of financial institutions cannot be ignored.
Yin Hong, vice president of the Industrial and Commercial Bank of China Institute of Modern Finance, mentioned that financial institutions should use cloud computing, big data and other technical means to optimize the approval process and improve the efficiency of capital investment.
It is necessary to control the risks of low-carbon transformation of fossil energy, explore transformation risk identification tools, incorporate energy consumption, environmental factors, etc. into the rating model, quantitatively analyze and manage related risks, and support transformation enterprises to smoothly and steadily realize low-carbon and green transformation.
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