US, China, and the UK are juggling several opportunities and problems In the global energy environment. John Podesta, the US negotiator on climate change, hopes that China will move quicker than its current plan to wean itself off of coal, while China’s envoy to the US, Xie Feng, feels that better futures for both nations come from cooperation.
In the meantime, “robust” trade penalties will used, according to UK Transport Minister Mark Harper, to stop China from flooding the global auto market with low-cost EVs. According to Bloomberg, wealthy democracies ought to have opened their wallets in the 2010s to fund the development of a sustainable energy sector independent of Beijing’s sway.
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According to the South China Morning Post, based in Hong Kong, future supply chains may disrupted by more frequent and severe heatwaves around the world, which might cause China’s GDP to decline by 3-5% by 2050. China’s increasing interest in green technologies is highlighted by People’s Daily, with the fastest-growing industry being new energy vehicles.
According to China Energy Net, the state cabinet has released an action plan to encourage the replacement of outdated consumer goods with new ones and to promote the large-scale equipment renewal process. The plan calls for significant energy-consuming equipment in key industries to reach an effective level of energy efficiency. BJX News also covers China’s pledge to update solar panels and wind turbines, update the clean production assessment index, and create new carbon emission accounting guidelines for important sectors of the economy.
