近年来,国家相继出台控制煤炭消费总量、节能减排等防治大气污染的一系列重要举措。从总体来说,虽然环保标准趋严对火电行业产生较大成本压力,但受益于宏观经济平稳发展,以及中国工业化进程产生的巨大电力需求,我们认为,未来火电行业整体仍将保持稳定发展,并建议商业银行要重视火电行业环保标准带来的变化,关注火电行业仍然存在的投放空间和节能减排企业的投放机会,关注环保技术提高引起的上下游细分市场,同时注意中小火电企业风险防范。 In recent years, the state has successively introduced a series of important measures to control air pollution such as the total amount of coal consumption, energy conservation and emission reduction. Generally speaking, although the tightening environmental protection standards exert greater cost pressure on the thermal power industry, benefiting from the steady development of the macroeconomy and the huge power demand generated by China’s industrialization, we think that the thermal power industry as a whole will maintain its steady growth in the future, It also suggests that commercial banks should pay attention to the changes brought by environmental standards in the thermal power industry, pay attention to the existing running space of the thermal power industry and the emission reduction opportunities of enterprises, pay attention to the upstream and downstream market segments caused by the improvement of environmental protection technologies, Prevent.