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Batteries are becoming more and more the heart of modern cars. Chinese manufacturers have successfully set multiple global standards for EV batteries. With the lithium iron phosphate battery (LFP) China's manufacturers show particular strength. Thanks in part to China's industrial policy.
By Frank Sieren
Since Xi Jinping’s announcement that China will reach carbon neutrality by 2060, companies are trying to figure out, how China’s decarbonization agenda will impact their business. But so far, trading is not taking off. Limited scope, high volume of freely-allocated allowance, and limitation of market participants led to a lackluster start of China’s new carbon market, concludes consulting firm Sinolytics.
By Redaktion Table
Shortly before the COP26 climate summit in Glasgow kicks off, the global energy crisis is hitting China particularly hard. The government is ramping up coal-fired power generation following blackouts across the country. At the same time, President Xi is announcing a massive program for solar and wind. How much longer is China able to rely on both – and still reach carbon neutrality by 2060? That will be one of the key questions of the climate conference.
By Christiane Kuehl