碳阻迹
2021-12 21
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Global investors see opportunities in China's green stocks

Date:2021-12

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China's push to reach carbon neutrality by 2060 is fueling growth in what is already the world's largest renewables market, which produced record rallies for some stocks in the green economy sectors. CGTN's Ying Junyi takes a look at how Asian equity funds which had invested new energy stocks in China returned a lot. Source:CGTN Author:CGTN Date:December 21, 2021

2021-12 20
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China completes its 1st greenhouse gas observation network

Date:2021-12

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China has fundamentally established its first greenhouse gas observation network after nearly 40 years of construction. The China Meteorological Administration released its first national greenhouse gas observation network directory on December 18, which refers to 60 high-precision observation-oriented stations, and covers major critical climate areas in the country, with the observation elements including seven types of greenhouse gases – such as carbon dioxide, methane and nitrous oxide – specified in the "Kyoto Protocol." Since this year, the meteorological departments of China have established a national-level greenhouse gas and carbon neutrality monitoring and evaluation center, and set up a variety of sub-centers in multiple provinces. The country has also built an evaluation system for the effectiveness of its carbon neutrality actions by resorting to observational data, which can distinguish the natural and anthropogenic carbon fluxes at global, regional and city-level scales by rule and line. The 14th Five-Year Plan (2021-2025) is a critical period and window period for China to achieve the goal of carbon peak, and the country's meteorological authorities say they will continue to promote the construction of a three-dimensional greenhouse gas monitoring network, so as to provide scientific observation data support for a timely fulfillment of the carbon peak and carbon neutrality commitments. Source:CGTN Author:CGTN Date:December 20, 2021

2021-12 18
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Wang Yi: BRI is a road of hope, development, opportunity and green

Date:2021-12

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Chinese State Councilor and Foreign Minister Wang Yi stressed on Friday that the Belt and Road Initiative (BRI) China proposed is a joint cause of all partners. It is the road of hope, development, opportunity and green that bolsters high-quality development amid the spread of COVID-19. Wang made the remarks at the 2021 meeting of the Advisory Council of the Belt and Road Forum for International Cooperation via video link. Noting that this year marks the eighth anniversary of the BRI, Wang reviewed the concrete results achieved through the initiative in the past eight years. According to Wang, China and the cooperation partners, guided by the principle of extensive consultation, joint contribution and shared benefits, have achieved solid and significant outcomes in high-quality Belt and Road cooperation with hard connectivity as the direction, soft connectivity as the support and people-to-people connectivity as the bond. He spoke highly of BRI cooperation during the COVID-19 outbreak. Instead of being halted because of the COVID-19, "…on the contrary, it has become a road of hope that bolsters resilience and boosts confidence. The BRI has never been a geopolitical strategy, but a road of development that helps deliver the 2030 Agenda for Sustainable Development and drives shared progress and prosperity," Wang said. The Chinese foreign minister rejected claims of the BRI creating the so-called "debt trap." He stressed that the BRI also serves as a road of opportunity that delivers mutual benefit as well as a green road that facilitates low-carbon growth, environmental protection and climate response. In the face of the combined impacts of the pandemic and major changes unseen in a century, Wang said China hopes to work jointly with partners in the following four fronts: First, Wang said that China calls on partners to uphold a people-centered philosophy of cooperation. "We will continue to focus on economic growth, job creation, livelihood protection and poverty reduction, and deepen practical cooperation with partner countries in the economic, trade, health, poverty reduction, education and agricultural fields," Wang pledged, adding there will be more cooperation projects as well as more anti-COVID cooperation. "We will fulfill our commitments announced by President Xi Jinping of providing another one billion doses of COVID vaccines to Africa and donating an additional 150 million doses to ASEAN countries," Wang reaffirmed, promising that China will deepen cooperation with other developing countries on the joint production of vaccines for an early victory over COVID-19. Second, China hopes all partners would continue following the cooperation principle of extensive consultation, joint contribution and shared benefits, Wang noted. Stressing that the BRI is the common cause of all partners, the Chinese foreign minister proposed to improve bilateral, trilateral and multilateral cooperation mechanisms of the BRI global partnership. "Following the principles of openness, inclusiveness and transparency, China welcomes more countries and institutions to join tripartite or multiparty cooperation under the BRI," he stated. Third, Wang suggested that all partners should carry out high-quality and high-standard cooperation under the framework of the BRI. He vowed to align with the widely accepted international rules and standards more proactively, carry out more high-quality projects, build up connectivity with other countries and welcome the participation of more countries on Green Development. Fourth, China hopes that all partners will stay committed to embracing the vision of cooperation for common development around the world, Wang said. He hopes that the BRI would become "a pathway to poverty alleviation for developing countries." "Through Belt and Road cooperation, we seek to help other developing countries, especially the least developed ones, in their efforts to reduce poverty, and make the BRI a pathway to poverty alleviation for developing countries," he stated. In the end, the Chinese foreign minister reiterated China's commitment to openness. "China will stick to openness instead of closing doors to the outside world, and follow win-win results instead of seeking zero-sum game, so as to contribute to building a community with a shared future for humanity through high-quality B&R construction." Source:CGTN Author:CGTN Date:December 18, 2021

2021-12 17
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Reducing Carbon Emissions: Automotive enterprises in northeast China step up green measures

Date:2021-12

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CGTN's You Yang visits one of the largest car manufacturers in northeast China's Liaoning Province and its supplier, and finds out what they're doing to reduce their carbon footprint. Automotive companies in China are gearing up efforts to reduce their carbon dioxide emissions. YOU YANG Shenyang "How do you think a car maker can reduce its carbon dioxide emissions? By building new energy vehicles? There is more to it, actually the idea of green development could be implemented in every part of a car making process, including raw material purchasing, production operations, and logistics operations." A company called Jinbei Yanfeng located in Shenyang, the capital of China's northeast Liaoning Province is manufacturing interiors for car makers such as BMW Brilliance and Volvo. The Chinese company is committed to using recyclable materials in producing the vehicles' door panels. WANG LEI General Manager, Shenyang Jinbei Yanfeng Automotive Interiors Systems Co., Ltd. "We have used lots of green materials in our production process such as waterborne adhesives that are environmentally friendly. We are using many renewable materials to cast car parts. We even have a material research institute, which gives us suggestions every three months in our material selections." Car manufacturers are also taking measures to shift to more sustainable means of production, such as purchasing their power needs from green electricity suppliers who generate their power from clean energy sources such as wind, hydro, and solar. BMW Brilliance, which is the largest car manufacturer in Liaoning Province said that in the next 10 years, it will lower the carbon dioxide emissions per vehicle from its supply chain by 20 percent. By 2030, it expects to reduce carbon dioxide emissions across the entire life cycle of a vehicle by at least 40 percent compared to 2019 levels. China has pledged to reach peak carbon dioxide emissions by 2030 and achieve carbon neutrality by 2060. In laying out its economic priorities for 2022, the Chinese government is pushing for further promotion of recycling, pursuing more efficient use of energy sources, and enhancing people's awareness of the green and low-carbon lifestyle. These mean new guidelines for auto companies' production operations and new opportunities for their development. You Yang, CGTN, Shenyang, Liaoning Province. Source:CGTN Author:You Yang Date:December 17, 2021

2021-12 10
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Central Economic Meeting: China won't rush to accomplish carbon neutrality goal 'in one battle'

Date:2021-12

View:10

China will not attempt to accomplish its carbon peak and carbon neutrality goals "in one battle," the country's top leadership said on Friday in a key annual meeting to chart its 2022 economic plan. The Central Economic Work Conference, held in Beijing from Wednesday to Friday, said China is determined to push cuts in carbon emissions as it drives the country's high-quality development. But it also said a safe and reliable supply of new energy is a precondition for the country to gradually replace use of traditional energy, according to a statement. The wording is in contrast with that of last year, when the annual economic meeting emphasized to "push an earlier peaking of coal consumption, and drastically develop new energy." That urgency came along with China's pledge to peak its carbon emissions by 2030 and achieve carbon neutrality by 2060. The country has since adopted a series of policies, measures and actions to push forward carbon emission reduction despite economic challenges. However, at the beginning of this winter, a shortage of power was reported in many places in northern China, as a result of soaring prices of coal and supply shortage. The authorities had to mobilize large coal producers to go all out to ramp up supply to ensure factories and even neighborhoods in some cities won't be affected by the power outages.  The new statement on Friday stressed that coal is still the key power source in China, but the country needs to utilize energy supply more efficiently, while increasing its capability in new energy consumption. The meeting also said the consumption of newly added renewable energy and raw materials will not be included in the total consumption cap, an effort to further reduce emissions and curb pollution. The country has been tightening control over greenhouse gas emissions. It implemented measures such as reining in greenhouse gas emissions in key industries, promoting green and low-carbon technologies in urban and rural construction projects, developing a green and low-carbon transportation system, and reducing other non-carbon dioxide emissions. In July, the long-awaited National Carbon Emissions Trading Market was officially launched, a significant move to help guiding heavy polluters to cut down emissions. Source:CGTN Author:CGTN Date:December 10, 2021