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.
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 14th Five-Year Energy Plan Signals a Step-down for Coal Power to Play a Supporting Role in Electricity Transition
China's electricity sector is undergoing a clean revolution driven by wind and solar. Yet its old energy system needs to be reconfigured to accommodate for this changing energy mix. The 14th Five-Year Energy Plan sets out to do just that.
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 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.
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 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.
Case Study: Tsingshan Industrial Parks in Indonesia Post-China’s Coal Pledge
In light of the no-coal-power-overseas pledge by China’s President Xi Jinping and Indonesia’s commitment to no new coal power in the recent COP26, the industrial parks fueled by captive coal power in Indonesia, developed by China, face challenges and their future is dotted with question marks.
COP26: How Lack of Climate Finance Derails Coal Phase-out Agenda
The chaos around the last-minute change in the coal declaration by India, China and South Africa at COP26 has certainly made it harder to reach the 1.5-degree target. At the Glasgow UN climate summit, nations pledged to phase-out coal, reduce methane, end deforestation and support the energy transition, etc. With the USD 100 billion pledge of climate finance still not being fulfilled, small and developing countries called for climate justice. Many nations now plan to revisit their commitment by the end of 2022.
Solar Power Can Help Solve China’s Coal Power Dilemma
Many power companies in China are caught in a dilemma between pressure to meet rising needs for electricity and financial woes arising from their loss-making coal power plants. A rapid scale-up of solar power provides a stable-cost alternative for redressing this dilemma.
Repercussions of China’s Coal Pledge on Asian Economies
China's historic pledge to stop coal financing abroad will help in lowering global carbon emissions. However, the decision may also risk economic growth in Asian countries like Vietnam and Indonesia. Experts demand stronger commitments from Beijing in order to support the renewable energy transition in the region.
Clean Energy in Asian Cities: Who is Leading the Way?
Asia is home to many of the world’s mega-cities and several are already harnessing substantial...
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