China has led a group of four major developing economies in attacking “imbalances in the negotiations” at COP25, the United Nations convention on climate change in Madrid, Spain, calling on wealthier nations to provide more funding to deal with the environmental crisis, reported the South China Morning Post. Nearly 200 nations in attendance are scrambling […]
Category: Energy & Environment
The Trump administration has refused to support a World Bank loan program for China worth more than $1 billion per year, the latest sign of how the economic rivalry between Washington and Beijing has spilled over into multilateral institutions, reported the Financial Times. Steven Mnuchin, the US Treasury secretary, said that Washington had “objected” to […]
State Grid Corp. of China, the country’s dominant power distributor, has partnered with a top insurer to build a RMB 23.1 billion ($3.3 billion) ultra-high voltage (UHV) power line to connect the energy-rich west with the power-hungry east, the company has announced, reported Caixin. The deal marks a major step forward in the state-owned power […]
China is set to add new coal-fired power plants equivalent to the EU’s entire capacity, as the world’s biggest energy consumer ignores global pressure to rein in carbon emissions in its bid to boost a slowing economy, reported the Financial Times. Across the country, 148GW of coal-fired plants are either being built or are about […]
China on Thursday successfully completed a crucial landing test in northern Hebei province ahead of a historic unmanned exploration mission to Mars next year, reported Reuters. China is on track to launch its Mars mission, Zhang Kejian, head of the China National Space Administration, said on Thursday, speaking to foreign diplomats and the media before […]