On Wednesday, the EU Commission will present its first major package of climate legislation. The package of measures will have a massive impact on numerous sectors of the economy: The automotive industry fears a premature end to the combustion engine while steel manufacturers fear the end of the allocation of free emission certificates.
By Timo Landenberger
In China, as well as in Germany, local and international companies are striving to reduce their greenhouse gas emissions. BASF wants to be a pioneer here and is designing a new factory to run entirely on green electricity. This is not easy. But the company is cooperating with the Guangdong provincial government to become independent of the large share of coal in China's electricity mix.
By Christiane Kuehl
China announced that it will invest its gigantic foreign exchange reserves more heavily in green assets in the future. A rethink is urgently needed because sustainability considerations have hardly played a role in investment decisions so far. According to rumors, the largest fund even wants to invest $19 billion in the oil giant Saudi Aramco. At present, sovereign wealth funds around the world are finding it difficult to switch to green investments: Their profitability is uncertain and the switch entails costs.
By Nico Beckert
The cotton harvest in Xinjiang is suspected of forced labor. Many buyers thus avoid yarn from China. But raw material prices are rising, and soon consumers will feel the effects. However, there is no alternative to higher prices in a severe fight against forced labor.
By Marcel Grzanna
Renewable energies are an integral part of China's policy. The current, 14th Five-Year Plan primarily promotes the technological areas of energy and materials and focuses on the development of alternative energy sources. In contrast to the previous five-year plan, the focus is no longer on achieving global technological leadership in renewable energy technologies, but rather on expanding the infrastructure and strengthening the economic and secure energy supply. In the 14th Five-Year Plan, the Chinese Ministry of Energy (NEA) has given concrete figures for renewable energy. Thus, the total installed capacity of wind power and solar is to reach 1200 GW by 2030. As early as 2020, China's energy system experienced record renewable energy growth despite the coronavirus crisis. By 2025, the final 16.5 percent should be reached. From Production & Development to China's Roadmap to Carbon Neutrality to Coal Turnaround - China Renewable Energy News from the Table.Media Editorial Team!
