China
Coal Phase-out Accelerates Globally Except in China: ‘Boom and Bust’ 2023
Thanks to its unprecedented renewable energy capacity additions, China was poised to be a leader in the battle against climate change. However, its coal pivot risks tarnishing that.
China’s Fossil Fuel Addiction and the Green Transition
China's renewables development leads the world by a more than a two-to-one ratio, but its fossil fuel usage still accounts for more than 50% of its power production needs, creating the world’s highest GHG emissions.
Go Clean ICBC: Fossil Fuels Continue to Dominate the Investments of Chinese Banks
China and its state and privately owned banks' continued support for coal projects are the main lifeline for the dirtiest fuel. However, with global decarbonisation efforts underway, supporting projects like these can also bear massive financial and reputational risks.
China’s Coal Imports Drop and the Imminent Effect on Coal Exporters
China's latest decision to reduce coal imports has shocked countries like Australia. Yet, aside from the challenges there are opportunities.
Debunking Net-Zero in Asia: Is It Even Possible?
Net-zero by 2050 in Asia is the desirable scenario, but, judging by the current progress,...
China’s Growing LNG Dependence – Is Increasing Imports the Solution?
In 2021 China became the world's largest LNG importer. This was in response to growing energy demands for economic growth, volatile energy costs, and lower than expected domestic generation. Will this be a sustainable option for China?
The Global Natural Gas Pipeline Expansion Plans and Climate Impacts
The world is at an inflexion point between speeding up the renewable energy transition and locking itself in fossil fuels. The latest reports make a strong case for the latter.
IPCC Report: Climate Finance for Adaptation Must Increase for Developing Countries
The latest IPCC Working Group II report largely stresses the need to accelerate climate adaptation, eradicate injustice and end the use of fossil fuels. The report, ‘Climate Change 2022: Impacts, Adaptation, and Vulnerability,’ emphasised that coal and other fossil fuels are choking humanity.
The China Belt and Road Initiative Investment Report 2021 and its Message to the World
The latest Belt and Road Initiative Investment Report is a testament that China will be looking to further strengthen its case as the global clean energy leader through extensive green financing and diminishing support for coal.
China’s Hydrogen Strategy for Olympics 2022: Pushing Green Hydrogen Transport
The Beijing Olympics are being powered by 100% renewable energy. A significant part of this is public transportation vehicles that run on green hydrogen. What does this mean for the future of hydrogen energy in Asia?
What the 2021 China Wind Power Boom Means for the World
China is a central actor for the world’s energy and climate future. As such, the latest figures about the rapid growth of the new solar and wind power capacity in the country in 2021 send a positive signal for the world's net-zero journey.
The Reality Behind China’s Net-Zero Target: Can It Be Achieved?
China's 2060 net-zero target is starting to appear in question. Their recent increase in coal production, combined with lacklustre commitments at COP26, are not good signs. This raises several red flags, as China has significant influence over the region, and their climate actions will have trickle-down effects that dictate regional net-zero progress.
Global Economic Recovery after COVID-19 Pandemic – What 2022 Holds for the Energy Market
We sit with experts and stakeholders from all parts of the energy market to discuss what 2021 taught us, how will the global economic recovery continue in 2022 and which will be the decisive factors for the energy market and climate finance in Asia going forward.
The Role of Coal in China’s Path to Net-Zero Emissions
China has publicly made their target to be net-zero emissions by 2060. In support of this goal, they have made significant strides in increasing their renewable energy capacity. Yet, at the same time, coal consumption has continued to rise. Without reducing coal consumption, achieving a net-zero economy is nearly impossible.
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