Chinese energy giant PetroChina considers selling its Western holdings

PetroChina may withdraw from Australian and Canadian projects, according to reports in Reuters. PetroChina may sell its stakes in natural gas projects in Australia and oil sands in Canada, Reuters reported on Tuesday, citing its sources. The Chinese company reportedly wants to cut its losses and divert funds to sites in the Middle East, Africa, and central Asia. This follows a similar strategic shift by another Chinese energy major, China National Offshore Oil Corporation (CNOOC) which was preparing to exit its operations in Britain, Canada, and the US due to concerns that the assets could become subject to Western sanctions. … Continue reading Chinese energy giant PetroChina considers selling its Western holdings

BRICS to expand green energy, digital cooperation in bid to boost sustainable development

Closer ties among developing nations help tackle global issues: expert BRICS countries will strengthen cooperation in a wide range of fields, including the digital economy, energy and the green economy, according to the BRICS Summit Beijing Declaration released on 23 June 2022, which reaffirmed the commitment to tackling climate change and fostering sustainable growth. In an initiative released at the BRICS Business Forum 2022 on Wednesday night, the BRICS business community also pledged to expand cooperation in green energy and the digital economy. In a clear sign of BRICS’ expanding ties with other emerging market economies and developing nations, an … Continue reading BRICS to expand green energy, digital cooperation in bid to boost sustainable development

Inner Mongolia: China’s first 1000 MW grade onshore wind power project starts operating

A giant onshore wind power project with a generation capacity of one million kilowatts (1000 MW) was put into operation after being connected to the national power grid for electric power supply in the Xing’an League of north China’s Inner Mongolia Autonomous Region on Wednesday 29 June 2022. Built by the China General Nuclear Power Group (CGN), the first 1 million-kilowatt project, which is a mountainous wind farm, is capable of generating more than three billion kWh on-grid electricity annually. It can save more than 920,000 tonnes of standard coal and reduce nearly 2.5 million tonnes of carbon dioxide emissions … Continue reading Inner Mongolia: China’s first 1000 MW grade onshore wind power project starts operating

China completes construction of Zimbabwe’s new parliament building

Source: Xinhua, 2022-06-30. Gretinah Machingura, Tafara Mugwara     Zimbabwe’s new parliament building, constructed and fully funded by China as a gift to the southern African country, is now complete and ready for occupation. It took 42 months to complete the … Continue reading China completes construction of Zimbabwe’s new parliament building

The West sabotages Bonn climate talks – Global South betrayed yet again on ‘historical responsibility’

Let us not forget that global climate change is a problem largely created by the West through its carbon-intensivbe industrialisation over the past two centuries. At a time when the collective West is channeling hundreds of billions of dollars into Europe to prolong a futile war, it has once again done everything it can to back off from its commitments to the developing world to deliver $300 billion a year by 2030, and $500 billion by 2050. This is funding promised for developing countries to adapt to increased floods, droughts, heatwaves and other extreme weather directly caused by climate change. … Continue reading The West sabotages Bonn climate talks – Global South betrayed yet again on ‘historical responsibility’

Looking back: history of wind power generation in the Soviet Union

Introduction: A 2017 study by the World Wind Energy Association (WWEA) showed that Russia has an enormous wind power potential. A further analysis of the study data in March 2021 provided an in-depth and detailed analysis of the current Russian wind sector and its strengths and weaknesses. The WWEA said: “After the Paris agreement has entered into force, the world is moving towards climate neutrality. Many countries including China, the USA and the European Union, have officially declared their goal to reach climate neutrality in the coming decades. Russia hasn’t officially declared this goal yet, but it has shown promising … Continue reading Looking back: history of wind power generation in the Soviet Union

China draws on markets for $10 billion to strengthen its clean tech supremacy

Three Chinese electric vehicle battery and material companies are tapping investors for more than $10bn in new funding as the country cements its dominance over global clean tech supply chains. The combined fundraising by the three Chinese groups — CATL, Tianqi Lithium and Huayou Cobalt — eclipsed the hundreds of millions of dollars being spent by Washington and US allies including Australia and South Korea to chip away at China’s supremacy in the sector. Foreign investors were keen to participate. JPMorgan, Barclays, Morgan Stanley, Macquarie and HSBC all grabbed a slice of the share sale, accounting for about 32 per … Continue reading China draws on markets for $10 billion to strengthen its clean tech supremacy

Argentina and Iran to join BRICS

Iran and Argentina seek to join the Brazil-Russia-India-China-South Africa economic bloc known as BRICS. In 2022 the GDP Purchasing Power Parity (PPP) of the 5 existing members of BRICS is greater than that of the G7 bloc. Argentina has applied to join BRICS. President Alberto Fernandez on Friday urged the creation of cooperation mechanisms that could represent the alternative to ostensibly private institutions run by – and in the interest of – the West. The Islamic Republic of Iran has also officially submitted its application to join the group of five leading economies made up of Brazil, Russia, India, China, … Continue reading Argentina and Iran to join BRICS

Cuban International Renewable Energy Fair

Cuba’s energy minister says the country’s long-term goal is to generate 100 percent of its electricity from renewable sources. The second International Renewable Energy Fair, was held on June 22 to 24 at the Pabexpo fairgrounds in the Cuban capital, Havana, and featured the participation of important institutions and foreign companies from 29 countries. The event sought to promote foreign investment emphasizing solar energy and biomass and their efficient use in the local development and residential sectors for the gradual transition of Cuba towards an energy matrix based on renewable energies, for which foreign and national investors will be presented … Continue reading Cuban International Renewable Energy Fair

China’s wind and solar potential nine times that needed for carbon neutrality

In September 2020, China pledged to peak its carbon dioxide (CO2) emissions by 2030 and achieve “carbon neutrality” by 2060. In a new study, published in Carbon Neutrality, Drs Qingchen Chao and Wang Yang at the National Climate Center of the China Meteorological Administration explore … Continue reading China’s wind and solar potential nine times that needed for carbon neutrality