The venture will aim to install at least 1,000 high-power charging stations with about 7,000 charging piles in the world’s largest EV market by the end of 2026 to ‘provide Chinese customers with premium charging services’, BMW says.
There are ‘significant barriers’ to establishing short- or medium-term climate targets or realigning capital flow at the rate required to protect the region from related economic and physical damage, says report by Asia Investor Group on Climate Change.
China is unlikely to commit to more than it already has in terms of phasing out coal, and will face pressure to both step up its renewable energy targets and help less developed nations meet theirs, analysts say.
Record clean energy installations could help China’s power sector to reach peak emissions in the next two years, but continued investment in coal-based capacity and a lack of firm emissions targets could undermine optimism about the country’s green transition, according to climate researchers.
China leads the world in developing infrastructure to support the growth of EVs, but trails major European countries in consumer spending power on battery-powered cars, according to a report by Euromonitor.
EV maker Leapmotor plans to start exporting to Europe in the third quarter next year, joining domestic peers BYD and Geely in targeting overseas markets
While buy-in among executives increased to 63 per cent from 21 per cent a year earlier, average annual investment in sustainability grew by only a tiny amount, Capgemini Research Institute says.
Traffic will reach 80 per cent of pre-pandemic levels this year, financial secretary tells the Asian Logistics, Maritime and Aviation Conference (ALMAC), where a Ministry of Transport official underlines Beijing’s support for Hong Kong’s status as an international logistics centre.
Experts are more confident about China’s carbon reduction progress and outlook than last year, according to a joint survey published on Tuesday by the Centre for Research on Energy and Clean Air and the International Society for Energy Transition Studies.
Overseas renewable power projects are expected to become a growing focus of China’s Belt and Road Initiative (Belt and Road Initiative), as the country pledges to put an end to developing new coal power projects abroad, a report from consultancy Wood Mackenzie said.
China has published draft regulations and guidelines for its voluntary carbon market, the China Certified Emission Reduction (CCER) scheme, in the latest move suggesting the reboot of the suspended market is getting close.
China is expected to add 290GW in renewable energy capacity in 2023, nearly double what it added last year, according to a new report
Taobao owner Alibaba tops the list, but a Greenpeace manager says China’s e-commerce giants ‘still don’t do enough’ and may be ‘bottlenecks for progress’.
China’s actions on coal, oil and gas are key to ‘keeping the 1.5 degrees target alive’, as report finds governments are on track to produce more than twice the fossil fuels in 2030 than needed to achieve that goal.
China published its long-awaited plan to reduce methane emissions ahead of the COP28 climate summit, showing its willingness to work closely with the international community to tackle global warming.
China will set up pilot programmes in 100 cities and industrial estates nationwide as the world’s biggest polluter works its way towards its 2030 carbon peaking targets, a move which analysts expect will drive demand for low-carbon technologies and energy efficiency-enhancing equipment and services.
Developing countries are facing their “highest-ever” adaptation financing gap as funding requirements are growing at a time when flows are declining, due to the Ukraine war and post-pandemic challenges.
The stock has also declined 80 per cent from a peak in February 2021.
A delay in setting decarbonisation targets and associated transition plans is credit-negative for companies, the ratings agency said.
Charging points are proliferating quickly but not evenly: too many in large cities and not enough in rural areas. Meanwhile, despite record EV sales, operators of charging networks struggle to make a profit.
China’s largest traditional carmakers are falling behind their global peers on supply chain decarbonisation and material use efficiency, dampening the positive impact of the country’s fast roll-out of electric cars, according to a new report.
China cancelled a third of its overseas coal projects in the last two years, avoiding 6.2 billion tonnes of emissions, but Chinese companies are testing the ambiguity of the pledge, according to researchers.
The global wind energy industry will need almost 600,000 technicians over the next five years, with China accounting for more than 40 per cent of this additional labour demand, a new report says
Nearly half a million coal miners face unemployment globally by 2035 due to mine closures and a market shift towards cheaper wind and solar power generation, San Francisco-based non-profit Global Energy Monitor says.
Deloitte Hong Kong’s lead partner for climate and sustainability services says the city has to provide world-leading opportunities over the long term, not just short-term incentives, to compete with other locations for the cream of the crop.
Chinese ICT giants Alibaba, Baidu, China Mobile, Tencent and Xiaomi could eliminate 2.5 times Hong Kong’s annual emissions if they achieve net zero emissions, think tank China Water Risk says.
China Evergrande surprisingly cancelled meetings with offshore creditors scheduled for next week, citing weaker-than-expected sales. The developer has also recently attracted more hostile creditors at home.
Listed firms need to accelerate their environmental, social and governance strategies, while the stock exchange should help them more to overcome challenges arising from the introduction of the tougher requirements next year, says the accounting giant.
Beijing’s pledge to phase down coal use starting in 2026 appears to be in jeopardy amid a building spree for new coal-fired plants, energy analysts say.
Miniso Group Holdings, the Hong Kong and US dual-listed Chinese budget retailer, has seen its net profit grow by 155 per cent year on year, as consumers increasingly turn to affordable items amid China’s slowing economy.