Tag: china

China Overseas Finance Inventory Database

This technical note explains the process of building the China Overseas Finance Inventory (COFI) Database, a comprehensive database covering both Chinese equity and debt foreign investments in the power-generation sector in Belt and Road Initiative (BRI) countries. The note explains how the authors addressed the challenge of matching power plants and their investments across publicly available and commercial databases and how they provided the final database as an open data source.

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Transition Finance in China

The Climate Bonds Initiative and CECEP Hundred Technical Service (Beijing) Co., Ltd. (CECEP), with the support of UK PACT, presents the Transition Finance in China: latest development and future outlook report. Taking the Chinese steel sector as a case study, this report reviews the latest development of transition finance in China and discusses recommendations to enable a credible transition. 

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Greener Freight Systems in US and China

This study compares the United States and China in terms of historical and current freight transportation systems and the underlying macroeconomic factors. It highlights the experiences and lessons that can support China in developing strategies, policies, and targets that suit its specific development context and includes policy recommendations for China at the national and local levels.

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Winter Olympics 2022: Pre-Games Sustainability Report

It describes the actions taken by Beijing 2022 and the host city governments to honour their sustainability commitments, the progress on the implementation of the Sustainability Policy of the Olympic and Paralympic Winter Games Beijing 2022 and the Sustainability Plan of the Olympic and Paralympic Winter Games Beijing 2022.

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China’s Hydrogen Industrial Strategy

China is increasingly exploring cultivating the production and consumption of lower-emission hydrogen to help meet energy needs and spur industrial development while also addressing climate concerns. In particular, China’s 2060 carbon neutrality commitment made in 2020 is a major policy-oriented development that could aid the shift in hydrogen production away from fossil fuels to renewables, greater deployment of FCVs, and the use of hydrogen in harder-to-abate sectors.

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A Green Olympics: A Test Case for China and Carbon Neutrality

As the winter Olympics kick off this week in Beijing, the games hope to set a new first: being the first carbon-neutral winter Olympics. For China—the second-largest economy and a major carbon emitter—it’s a way to show the millions of people who will be watching the games that it is serious about achieving its ambitious climate goals. The country aims to peak carbon emissions by 2030 and be carbon neutral by 2060.

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China’s Growing Sustainable Debt Market

China’s green bond market will continue to scale up rapidly. Policy updates, such as the 2021 edition of the Green Bond Endorsed Projects Catalogue, as well as ongoing international cooperation in developing the Common Ground Taxonomy, will underpin the cross-border financial flow of green capital.

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Green panda bond could spur Chinese investment towards Africa’s energy transition

The Declaration on China-Africa Cooperation on Combatting Climate Change is formed of broad brushstrokes but provides the shape of future partnership in the energy sector. On clean energy, it includes a commitment from China to further increase investment in solar, wind and other renewables in Africa. The acceleration of Chinese support for solar and wind was also mentioned in Xi’s opening keynote and the Vision 2035 document, which was released at the forum.

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JinkoSolar secures 1.85 GW solar modules from a Chinese company

JinkoSolar Holding Corporation Limited has won a tender for up to 1.85 GW of high efficiency solar modules from China Petroleum Engineering and Construction Corporation (CPECC), a China National Petroleum Corporation (CNPC) affiliated company specialising in project engineering and construction. This is CNPC’s largest-ever solar module purchase.

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Year in review: China’s climate goals withstand heat

President Xi Jinping’s carbon neutrality pledge at the United Nations in September 2020 set in motion a massive build-up of national policy, legislation and regulation on decarbonisation, with unprecedented speed. Barely two months later, Xi announced a set of more ambitious 2030 targets at the Climate Ambition Summit. And then, in March 2021, China’s top legislators approved the 14th Five Year Plan (FYP) with a whole host of climate and energy targets for 2025.

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Risen Energy to develop $7 billion solar power factory in Mongolia

Risen Energy Co., a Chinese PV manufacturer, is set to develop a $7 billion integrated solar power factory in Inner Mongolia that will run on renewable energy. According to a filing with the Shenzhen stock exchange on December 27, 2021, the project will produce materials across the supply chain, from industrial silicon to finished solar modules.

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Advantage Africa: Low cost of producing lithium-ion battery precursors in the DRC

The objective of study is to determine the cost of producing lithium-ion battery precursors in the Democratic Republic of Congo (DRC) and benchmark the cost to that of the U.S., China and Poland. In addition to the cost, the study assesses the emissions associated with the production of precursors in the DRC for the global electric vehicle market compared with producing them in China and Poland. Building a 10,000 metric-ton precursor facility in the DRC could cost $39 million. This is three times cheaper than what it would cost for a similar plant in the U.S.

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China’s power crisis and wind industry opportunity

China’s wind industry is now competing successfully with its coal industry without any support and it is estimated that between 10.7 and 15.1 GW of new offshore wind capacity will come online in 2021. The country’s wind market has reached economies of scale, coupling with a highly robust localised supply chain and technical innovation, it is now in the position to supplant coal as China’s main electric source.

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Sembcorp acquires a wind and solar portfolio in China

Sembcorp Industries, a Singapore-based renewable energy company, has acquired a 98 per cent stake in a 658 MW portfolio of operational wind and solar assets from GCN Capital Partners Infrastructure Fund III and its affiliates for $517 million through its 100 per cent subsidiary Sembcorp Energy (Shanghai). The assets are contracted and qualified for fixed feed-in tariffs under China’s renewable energy programme, and are located in energy demand areas such as Hebei, Henan, and Shandong provinces.

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Transition Finance in China’s Guangdong Hong Kong-Macau Greater Bay Area

The Transition Finance in China’s Guangdong Hong Kong-Macau Greater Bay Area report prepared by Climate Bonds Initiative discusses the principles that credible transition finance should adhere to and takes Guangdong-Hong Kong-Macao (GBA) Greater Bay Area – an important economic powerhouse for China –  as a case for studying the application of transition finance concerning the low-carbon transition.

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China’s Green Finance Agenda

China has pledged to be carbon neutral by 2060. It’s a huge ambition and will require a vast amount of domestic and international investment. China’s statement that it will be carbon neutral by 2060 will require an estimated US$21 trillion in investment, according to research from Tsinghua University in Beijing. The Chinese green bond market is the second largest market outside of the US in terms of issue size and capacity.

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Sustainable Momentum? China and the Mideast Solar Market

In April, the International Renewable Energy Agency (IRENA) reported that renewable energy’s share of new generating capacity rose substantially for the second year in a row. China, which has emerged as the indisputable leader of renewable energy expansion worldwide, has begun to reorient its overseas energy investment and finance towards non-fossil fuels projects. This shift could portend a larger role for China in the MENA region’s growing renewables sector, especially in solar power production. 

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Bangladesh floats an EPC tender for a 60 MW solar plant

The Bangladesh-China Renewable Energy Company Limited (BCRECL) has floated an EPC tender for setting up a 60 MW solar power plant. This is a joint venture company of Bangladesh’s state run North-West Power Generation Company Ltd (NWPGCL) and the China National Machinery Import and Export Corporation (CMC). The said 60 MW project is part of a larger project to generate 450 MW electricity from renewables in Sujanagar, Pabna, in the northwest of Bangladesh.

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