China’s installed wind and solar capacity will overtake coal for the first time this year, an industry body forecast on Tuesday.

The China Electricity Council (CEC) in a yearly report said grid-connected wind and solar would make up around 40% of installed power generation capacity by the end of 2024, compared with coal’s expected 37%.

By comparison, wind and solar together were around 36% of capacity at the end of 2023, and coal was just under 40%.

China’s Wind, Solar Capacity Forecast to Overtake Coal in 2024 | Devamı>>>

OPEC on Tuesday cut its forecast for growth in world oil demand in 2022 citing the impact of Russia’s invasion of Ukraine, rising inflation as crude prices soar and the resurgence of the Omicron coronavirus variant in China.

In a monthly report, the Organization of the Petroleum Exporting Countries (OPEC) said world demand would rise by 3.67 million barrels per day (bpd) in 2022, down 480,000 bpd from its previous forecast.

OPEC Cuts 2022 World Oil Demand Forecast Due to Ukraine War | Devamı>>>

China’s industry ministry on Friday unveiled a five-year plan aimed at the green development of its industrial sectors, vowing to lower carbon emissions and pollutants and to promote emerging industries so as to meet a carbon peak commitment by 2030.

The world’s top greenhouse gas emitter is aiming to bring its carbon emissions to a peak by 2030 and become “carbon-neutral” by 2060. The Ministry of Industry and Information Technology (MIIT) reiterated the targets of cutting carbon dioxide emissions by 18%, and energy intensity by 13.5%, by 2025, according to the plan which covers the period between 2021 and 2025.

China Releases Five-Year Green Development Plan for Industrial Sectors | Devamı>>>

China will release crude oil from its reserves according to its needs, a foreign ministry spokesman said on Wednesday, adding that the country was in close communication with oil-producing and oil-consuming countries.

Speaking in a daily press briefing, foreign ministry spokesman Zhao Lijian again declined to comment on whether China was participating in the oil stocks releases coordinated by the United States.

“The Chinese side will organise a release of crude oil from state reserves according to its own actual needs,” said Zhao, adding that it would publish relevant information without delay.

China Says It Will Release Oil Reserves According to Its Needs | Devamı>>>

Cop26 may involve dozens of world leaders, cost billions of pounds, generate reams of technical jargon and be billed as the last chance to prevent calamitous global heating, but at its simplest the climate conference in Glasgow is a debate about dialling up or dialling down risk.

The primary objective of Cop26 is to nudge the world as low as possible within this target band, which was established under the Paris agreement.

Possible Hazards from COP26 and Global Warming | Devamı>>>

Chinese President Xi Jinping announced that no coal-fired power plant will be built abroad as part of the fight against climate change.

Expressing that they plan to support the transition of developing countries to green energy, Xi stated that China’s goal is to switch to a zero carbon economy by 2060.

Xi also said that China does not want to put pressure on countries by not imposing what needs to be done on any country.

‘China’ Will No Longer Build Coal Plants Abroad | Devamı>>>

The signatures collected against the imported coal-fired Hunutlu Thermal Power Plant, which is being built on the turtle nesting beach in the Yumurtalık District of Adana, were delivered to the Bank of China, ICBC, which financed the plant.

Sugözü Beach, where Adana Hunutlu Thermal Power Plant is located, is an ‘important sea turtle nesting area that needs to be protected’, according to the Circular No. 2009-10 on the Protection of Sea Turtles published by the General Directorate of Nature Conservation and National Parks.

80 Thousand Signatures on behalf of the Sea Turtles! | Devamı>>>

The world added more than 6 gigawatts (GW) of new offshore wind capacity in 2020, with China responsible for over half of installations in the sector, according to new figures published Thursday.

The data, from the Global Wind Energy Council’s market intelligence unit, shows China installed 3.06 GW last year. Its nearest rival, the Netherlands, installed a little under 1.5 GW of capacity. The U.S. installed just 12 megawatts of offshore capacity last year.

The World Added More Than 6 GW of New offshore Wind Capacity | Devamı>>>

BEIJING, Dec. 12 (Xinhua) — Chinese President Xi Jinping on Saturday delivered a speech via video link at the Climate Ambition Summit.

Your Excellency Secretary-General António Guterres,

Dear Colleagues,

It gives me great pleasure to join you in this Climate Ambition Summit. Five years ago, world leaders showed utmost political resolve and wisdom and adopted the Paris Agreement on climate change. Since then, the implementation of the Paris Agreement has received extensive international support and participation.

Remarks by Chinese President Xi Jinping at Climate Ambition Summit | Devamı>>>

The COVID-19 pandemic has created what can be termed a critical juncture from the perspective of the low-carbon transition. 1 Nations have the opportunity to use their economic recovery plans to accelerate this transition. Whilst some countries, generally the more developed economies, are putting
forward green recovery plans, governments of many lower income countries are more concerned about short-term issues such as employment and livelihoods. As an upper-middle-income country, China might be expected to build on its recent successes and accelerate the pace of its low-carbon energy
transition.

Does 2020 Mark a Critical Juncture in China’s Low-Carbon Energy Transition? | Devamı>>>

China has become the center of gravity for global energy markets. While energy demand growth has slowed or stopped in the Organisation for Economic Co-operation and Development (OECD) countries, China’s primary energy demand increased by more than 45% over the last decade. Going forward, the question is whether such growth will continue and how China’s energy system will change in response to the dual challenges of climate change and local pollution.

China is highly dependent on fossil fuel imports.

The Global Energy Trade’s New Center of Gravity | Devamı>>>

The widening rift between the world’s two largest economies – the United States and China – has had analysts and market observers using the phrase ‘Cold War’ to describe how far the two global superpowers could go in their increasingly heated dispute. A new Iron Curtain could mean attempts to decouple the intertwined economic and trade relations between the biggest economies in the world, market analyst John Kemp argues.

Such decoupling, however, will take decades and may not be even possible, considering the intertwined global supply chains, including in the energy markets.

Could Rising US-China Tensions Change Global Energy Markets? | Devamı>>>