Ditching Russian gas no way for EU to reach climate goals – Putin

The EU should have been better prepared for its green energy transition, the Russian president says. The EU’s decision to slash natural gas imports while trying to reach climate goals was a mistake, President Vladimir Putin said on Monday during an environmental forum in Kamchatka in Russia’s Far East. “First, they (EU) jumped ahead, and then, after cutting off Russian gas supplies, returned everything that was reviled,” Putin stated. He emphasized that all nations are in favor of reducing emissions into the atmosphere, noting however that everything should be done in a timely manner. “And if you jump ahead, get … Continue reading Ditching Russian gas no way for EU to reach climate goals – Putin

Brazil Becomes China’s Main Investment Destination

Investment by Chinese companies in Brazil more than tripled in 2021, returning to pre-Covid pandemic levels and making the country the main destination for Chinese capital last year. After a lukewarm performance in 2020, operations such as Tencent’s investments in fintechs and startups such as Nubank, QuintoAndar and Cora, as well as billionaire investments by Chinese oil companies in the Santos Basin have increased. Also noteworthy was the purchasing of the power transmission company in Rio Grande do Sul by State Grid and of the Mercedes-Benz plant in Iracemápolis (SP) by Great Wall Motors. According to a report by the … Continue reading Brazil Becomes China’s Main Investment Destination

BRI participant Pakistan issues climate reparations demand

First world countries are the main polluters, but it’s the poor who foot the bill, the Pakistan climate minister said. Pakistan’s minister for climate change described global warming as “the existential crisis,” adding that Pakistan has contributed less than 1% to greenhouse gas emissions. She also accused the first world countries of breaking their promises on fighting climate change. “We all know that the pledges made in multilateral forums have not been fulfilled”, she stressed. Sherry Rehman, climate minister Rich countries, which are responsible for the bulk of greenhouse emissions, should pay reparations to developing economies as the latter bear … Continue reading BRI participant Pakistan issues climate reparations demand

China to maintain climate change strategy

The English-language website of China News Service reports: – China’s special envoy for climate change, Xie Zhenhua, speaking at an official forum on 30 August in Beijing, that China will maintain its climate change strategy and continue to promote carbon … Continue reading China to maintain climate change strategy

China’s Policies and Actions for Addressing Climate Change

In November 2019 the Ministry of Ecology and Environment of the People’s Republic of China published a report titled China’s Policies and Actions for Addressing Climate Change. The stated aim of the report was to help “interested people fully understand … Continue reading China’s Policies and Actions for Addressing Climate Change

Thailand and Malaysia plan rail network to connect ASEAN countries with China

VIENTIANE — Thailand’s Transport Ministry is working with its Malaysian partner to develop a high-speed rail (HSR) network that will connect four member countries of the Association of Southeast Asian Nations (Asean) and China, according to a media report. The … Continue reading Thailand and Malaysia plan rail network to connect ASEAN countries with China

Synergy between China’s BRI and Indonesia’s GMF (Global Maritime Fulcrum) sees 60% trade growth

The following was originally published by the Global Times on 19 May 2022. GT Editor’s Note: While the global situation has been under the shadow of the pandemic and the geopolitical conflicts, current bilateral relations, trade and investment cooperation between China and Indonesia is bucking the trend, with China consolidating its position as Indonesia’s largest trading partner for nine consecutive years, and bilateral trade volume in 2021 increasing by nearly 60 percent year-on-year. China’s investment in various fields in Indonesia have seen a substantive growth. Major cooperation projects, including the Jakarta-Bandung High-Speed Railway Project, the “Two Countries Twin Parks” program … Continue reading Synergy between China’s BRI and Indonesia’s GMF (Global Maritime Fulcrum) sees 60% trade growth

Iran joining BRICS ‘will add value’

The 14th BRICS summit took place on 23rd and 24th June 2022 by video conference hosted by China. Iran has applied to become a member of BRICS, and Iran’s President Ebrahim Raisi was invited by Chinese President Xi Jinping to attend the summit. President Raisi gave a speech, elaborating on Iran’s viewpoints on the most important international issues and expansion of cooperation with other countries. According to a report by IRNA, President Raisi called on BRICS members to “strengthen this global platform for the effective role-playing of independent multilateral institutions in achieving homogeneous development and world peace.” The following is … Continue reading Iran joining BRICS ‘will add value’

Latin America welcomes BRI cooperation, not ideological confrontation

The China-proposed Belt and Road Initiative (BRI) has made steady progress in Latin America during the past three years, which has brought concrete benefits to partner economies with its people centered approach. The growing influence of BRI in Latin America, … Continue reading Latin America welcomes BRI cooperation, not ideological confrontation