ICSC lauds stronger calls, bolder moves for climate action at UNGA 2021
MANILA, 22 September 2021 -- Chinese President Xi Jinping and United States President Joseph Biden pledged climate and energy commitments today at the 76th United Nations General Assembly (UNGA), answering calls for urgent climate action from President Rodrigo Duterte and other world leaders. Xi vowed that China will halt new coal-fired power projects abroad, following similar announcements by South Korea and Japan earlier this year. The three countries are the top public financiers of coal overseas, accounting for over 95% of total international coal financing since 2013 -- including in the Philippines -- with China being the biggest funder. Biden told the [...]
China’s Investment Opportunity in Modernizing Grids in Climate Vulnerable Developing Countries
by Sara Jane Ahmed, Alberto Dalusung III, and Xiaojun Wang | June 1, 2021 | Abridged version published in China Energy News and People's Daily | READ OP ED HERE The International Renewable Energy Agency (IRENA), and the State Grid Corporation of China (SGCC), recently signed a Memorandum of Understanding (MoU) to work closely to support grid enhancements, system flexibility and sector-coupling in China and IRENA’s Clean Energy Corridor regions. The agreement aims to advance the global energy transformation towards a net zero energy future particularly in developing countries, in the context of achieving the Paris Agreement objectives and [...]
To be a true climate leader, China should commit to clean energy on the belt and road
Eye on Asia by Xiaojun Wang | Published by South China Morning Post, 07 Feb 2021 | Read the full story here Last year, for the first time, a greater proportion of China’s overseas energy investment went into renewable energy rather than fossil fuels.Solar, wind and hydropower projects accounted for 57 per cent of China’s overseas energy investment, compared to 39 per cent in 2019, while coal, oil and gas accounted for the remaining 43 per cent, according to Beijing-based think tank Green Belt and Road Initiative Centre.Although coal projects still made up 27 per cent of China’s overseas energy investments, up from [...]