China’s pledge to stop building new coal-fired power projects overseas could improve the reputation of its massive Belt and Road Initiative, said Jin Liqun, president of the Asian Infrastructure Investment Bank. Coal projects were a consistent feature of the BRI in the last years. China has started to move away from such projects, and has […]
China, Moving Cautiously, Starts Carbon Trading Market
China has had regional carbon trading markets as pilot projects for several years.Earlier, European power utilities and other companies paid for Chinese polluters to add wind, hydro and solar generating capacity in exchange for being allowed to increase their own emissions. Chinese power companies bid for credits to emit carbon dioxide and other climate-changing gases […]
Tsingshan Invests in Clean Energy Projects
Tsingshan Industry recently officially launched its project for building a clean energy base. This project seeks to develop and construct solar and wind energy plants and supporting facilities in Tsingshan’s Indonesia Morowali Industrial Park and Indonesia Weda Bay Industrial Park. The project follows six months of intensive feasibility studies and careful planning. Tsingshan Industry is […]
Chinese fund managers rush to capitalize on investors’ green fever
SHANGHAI: Chinese money managers are rushing to launch new energy funds, seeking to capitalize on investors’ green fever which has been fuelled by President Xi Jinping’s carbon neutrality pledge. China’s first photovoltaic industry exchange-traded fund (ETF), launched by Huatai-PineBridge Fund Management Co in December attracted hot demand, with assets under management jumping nearly six-fold in […]
China’s Xi targets steeper cut in carbon intensity by 2030
LONDON/BEIJING: China’s President Xi Jinping on Saturday targeted a steeper cut in rates of carbon emissions relative to economic activity by 2030 and set new goals for growth in renewable energy and forest stock, as the country looks to reach the peak of its emissions before the end of the decade. “Today, I wish to […]
‘Two-headed beast’: China’s coal addiction erodes climate goals
Between 2000 and 2018, its annual carbon emissions nearly tripled, and it now accounts for nearly a third of the world’s total greenhouse gases linked to global warming Beijing: China’s surprise pledge to slash its carbon footprint to zero by 2060 was met with cautious applause, but fresh spending on coal to rev up a […]
LONGi takes actions in fight against novel coronavirus to guarantee employees’ wellbeing and safeguard production and order fulfillment
China is facing the fight against the novel coronavirus (2019-nCov), believed to have originated from Wuhan, head-on. With President Xi Jinping calling the epidemic “a major test of China’s system and capacity for governance”, China has spared no efforts and resources in this “invisible war”. Since the outbreak, measures like the extension of the […]
