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China and climate change
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  • Two firms withdraw bids for Romanian photovoltaic park contracts after Brussels opens investigations under its foreign subsidies regulation
  • The regulation has been deployed four times since taking effect last year, with all inquiries targeting China
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News of the summit, slated to take place during the UN’s top climate conference, shared after the two sides’ new envoys met in Washington for talks.

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Hong Kong-based private equity firm and BP Ventures to invest US$10 million each in the latest funding round, helping Hysata to scale up its green hydrogen facilities in New South Wales.

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Bilateral working group sessions meant to build on agreements reached last year and restore top-level engagement as pledged at Xi-Biden summit.

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Relaxed mountain setting chosen so Chinese leader Xi Jinping and French counterpart Emmanuel Macron can speak frankly on myriad mutual grievances and grounds for cooperation.

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CK Infrastructure’s US$113.5 million purchase of UU Solar, its second acquisition of UK renewable-power assets in two weeks, includes 70 solar, wind and hydropower projects.

G7 ministers said on Tuesday that efforts to raise money to help poorer countries adapt to climate change should include countries “capable of contributing”, in a message aimed at China.

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Oil consumption in China’s transport sector will peak next year ‘at the latest’ as rapid adoption of electric vehicles (EVs) pulls the plug on petrol consumption, according to the nation’s largest oil and gas producer.

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‘Private firms are obviously looking at the torch that is potentially coming for themselves,’ when it comes to declaring emissions goals, says Net Zero Tracker project leader

Ten remain missing in hard-hit cities of Qingyuan and Shaoguan as rescuers race to save trapped residents after intense rain brings water levels above 50-year highs in parts of Bei River, a tributary of the Pearl River.

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Ampace is betting on a boom in home energy storage systems and the ‘batterification’ of tools and electronic devices as it aims to solidify an already dominant position in a part of the market away from electric cars and smartphones.

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Hong Kong think tank says annual water use by Chinese data facilities – almost half of which are in dry regions – could more than double by 2030, while AI chatbots ‘drink staggering amounts of water’ to cool themselves down.

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At the Harvard College China Forum, participants said existential threats such as global warming cannot be solved unless the two countries move beyond their mutual distrust.

China accounted for two-thirds of the coal-burning power capacity that came online last year, according to Global Energy Monitor, which ‘starkly contrasts with the global trend, putting China’s 2025 climate targets at risk’.

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There is a growing need for advanced climate modelling and risk-assessment analytics for better disaster preparedness, as well as planning to reduce risk, protect lives and promote resilience, according to Aon.

‘Excess capacity poses risks not only to American workers and firms and to the global economy, but also to productivity and growth in the Chinese economy,’ Yellen says.

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The nation’s largest oil and gas producer says it is on track to peak carbon emissions next year and double the contribution of low-carbon energy to its output capacity over two years, top leaders say.

An estimated US$50 billion pledged by China for infrastructure in Southeast Asia has yet to manifest in completed projects according to a recent study, raising questions over the efficacy of the country’s Belt and Road Initiative.

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A drought in China’s southwest has stoked fears the dry period could have severe knock-on effects, with agriculture, hydroelectric power and aluminium production all facing potential shortfalls.

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Government plans to establish a clear pathway on sustainability reporting for businesses in Hong Kong this year, a move that is ‘essential’ to ‘reinforcing Hong Kong’s leading position on the international sustainable-finance map’, says financial services secretary.

Towngas, which last raised its basic tariff by 4.4 per cent in August 2022, is under pressure to lift gas tariffs this year ‘as we need to invest further in our network infrastructure’, managing director Peter Wong says.

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China’s 2025 decarbonisation goals are in danger of veering off track after policymakers redefined a key energy target that could drive emissions higher, climate experts warn.

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‘Modest adjustments’ to plans for use of electric arc furnaces versus coal-fired furnaces would accelerate emissions cuts, US think tank Global Energy Monitor says.

More than 200 greentech companies currently operate in the city, of which some are equipped with ‘globally competitive’ technologies and are making inroads into the mainland Chinese and overseas markets.