We have some thrilling news from key local governments that mark significant steps forward in green energy investments and the low-carbon industry. Here's how Beijing, Shanghai, and Guangzhou are leading the way:

Beijing's Green Energy and Low-Carbon Investments

Recently, a massive 10 billion yuan fund, the Beijing Green Energy and Low-Carbon Industry Investment Fund, has been established in Tongzhou District. This fund is a collaboration between the Beijing Government Investment Guidance Fund (BGIGF), Beijing Jingguoguan Real Estate Management Co., Ltd., and Beijing Automotive Group Industry Investment Co., Ltd.

Notably, two other major industry investment funds, each worth 10 billion yuan and dedicated to commercial aerospace, the low-altitude economy, and new materials, were also launched on the same day. These funds focus on robotics, artificial intelligence, information industry development, and pharmaceutical health.

The CDIFM, established in January 2016, leverages fiscal funds to attract investments and support Beijing's industrial growth. This recent fund aligns with Beijing's broader strategy to focus on green and low-carbon development, as highlighted in the 2024 Government Work Report. The city aims to promote green technology innovations, particularly in hydrogen energy, energy storage, and low-concentration carbon dioxide capture and utilization. Source here.

Guangdong Launches Hydrogen Energy Highway Demonstration Project

Exciting developments are underway in Guangdong as the province launches a major initiative to promote hydrogen fuel cell vehicles and establish a zero-carbon logistics model. Here's a closer look at this ambitious project:

Project Duration:
The Guangdong-Zhanjiang Hydrogen Energy Highway Demonstration Project will run from June 2024 to December 2025, lasting 18 months.

Project Scope:
The project spans key cities including Guangzhou, Foshan, Dongguan, Jiangmen, Yangjiang, Zhanjiang, and Maoming. This area is critical for cold chain logistics, transporting seafood, fresh meat, fruits, and vegetables, with a comprehensive network of highways and national roads.

The initiative aims to build hydrogen refueling stations along important logistics routes. The primary vehicles will be 4.5-ton fuel cell refrigerated trucks, supported by 49-ton trucks, enhancing the hydrogen supply chain in the Pearl River Delta region.

Timeline and Key Tasks:

First Half of 2024:

  • Launch the project and begin operations for cold chain distribution between Guangzhou and Foshan.
  • Complete and operate the Maoming Petrochemical Hydrogen Storage Station and a portable hydrogen refueling station.
  • Deploy 50 units of 4.5-ton fuel cell refrigerated trucks.

By End of 2024:

  • Deploy 500 units of 4.5-ton and 10 units of 49-ton fuel cell refrigerated trucks.
  • Establish an initial hydrogen cold chain logistics network along key routes.
  • Operate new dual-fuel (oil and hydrogen) refueling stations in Daojiao and Shatian.

By End of 2025:

  • Complete and operate dual-fuel refueling stations at Liangjinshan Service Station, Maoming Gaoshui Station, Zhanjiang Tielu Station, and Yuanshui Station.
  • Deploy 2,000 units of 4.5-ton and 100 units of 49-ton fuel cell refrigerated trucks.
  • Fully implement the Guangdong-Zhanjiang Hydrogen Energy Highway Demonstration Project.

This initiative marks a significant move toward zero-carbon logistics in Guangdong, utilizing hydrogen energy to revolutionize the transportation sector. Source here.

Shanghai's Ambitious New Action Plan for Sustainable Recycling

Shanghai has recently unveiled an ambitious new action plan to enhance its recycling and resource utilization system. The "Shanghai Recyclable Resource Recovery and Utilization System Construction Action Plan" aims to streamline the entire recycling chain from collection to processing, leveraging digital technologies and encouraging industry collaboration.

Key Goals and Targets: By 2027, Shanghai aims to:

  • Achieve full community coverage with recycling collection points.
  • Construct several green sorting centers that meet specific standards.
  • Establish 800 community-friendly recycling service points.
  • Build 50 high-quality demonstration recycling transfer stations.
  • Reach a recycling rate of over 85% for major recyclable materials.
  • Develop a group of leading companies with national market competitiveness and influence to drive industrialization, scale, and intensive development in the sector.

Major Tasks:

Upgrade the Recycling Network:

  • Integrate the recycling and waste management networks.
  • Upgrade "point-station-field" systems and enhance the entire waste sorting process.
  • Promote public recycling service platforms and smart recycling devices in communities.

Enhance Key Recycling Chains:

  • Streamline the disposal and recycling chain for waste appliances.
  • Utilize special funds to improve the recycling rates of electronic waste and scrap vehicles.
  • Support the development of cross-regional recycling chains for waste plastics, metals, paper, textiles, and wood.
  • Promote the producer responsibility extension system in key sectors like automobiles and electronics.

Build Green Sorting Centers:

  • Support the construction of comprehensive and specialized green sorting centers.
  • Encourage partnerships between manufacturing and recycling companies to build integrated recycling centers.
  • Promote advanced recycling technologies and equipment.

Cultivate Diverse, Scalable Recycling Entities:

  • Encourage e-commerce platforms to extend services into recycling and reuse.
  • Support recycling enterprises in adopting chain operations and exclusive franchises.

Digital Transformation of the Recycling Industry:

  • Promote digital management across the entire recycling process.
  • Develop an online integrated recycling information platform.
  • Explore carbon footprint quantification for recycled products.

Comprehensive Land Use Policies:

  • Allocate 1% of industrial land in each district for recycling enterprises.
  • Support the construction of recycling transfer stations and distribution centers on municipal land.

Financial and Tax Support Policies:

  • Utilize central and municipal funds to support recycling projects.
  • Explore differentiated subsidy policies for low-value recyclables like foam and glass.
  • Promote reverse invoicing for scrap sales and implement supporting tax measures.

Standards and Regulations:

  • Develop standards for sorting, transportation, and storage of recyclables.
  • Encourage the creation of industry and enterprise standards for recycling services.

Support Vehicle Access Needs:

  • Provide reasonable road access for recycling vehicles.
  • Facilitate electronic pass issuance for recycling vehicles.

Innovative Credit Supervision:

  • Enhance daily management and risk prevention for recycling enterprises.
  • Implement differentiated supervision based on enterprise credit ratings.
  • Conduct joint enforcement actions to curb illegal operations.

Strengthen Industry Construction:

  • Conduct legal and standards training for enterprises.
  • Promote large-scale equipment renewal and product replacement initiatives.
  • Develop a credit evaluation system for the recycling industry.

Expand Social Awareness and Participation:

  • Promote green living and recycling knowledge through national events.
  • Integrate carbon credit mechanisms into recycling efforts to encourage public and corporate participation.

Shanghai's new action plan represents a comprehensive effort to modernize and expand its recycling infrastructure, aiming to significantly boost recycling rates and foster a robust, competitive recycling industry. Source here.

These exciting initiatives from Beijing, Shanghai, and Guangzhou highlight China's commitment to sustainable development and green technology. Stay tuned for more updates as these projects progress!

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