https://www.scmp.com/rss/310713/feed Wai-Shin Chan is head of the HSBC Climate Change Centre of Excellence en https://assets.i-scmp.com/static/img/icons/scmp-meta-1200x630.png https://www.scmp.com China’s “Belt and Road Initiative” is being billed by President Xi Jinping as “the project of the century”. But this ambitious plan must also be economically and environmentally sustainable. China has been building its domestic infrastructure for many years, but as its economy matures and this spending ebbs, its vast foreign-exchange reserves – about US$3 trillion – give it a “backup” supply of capital for financing global infrastructure. As China’s influence grows, there is an opportunity to... https://www.scmp.com/comment/insight-opinion/article/2129647/how-belt-and-road-initiative-can-be-chinas-path-green?utm_source=rss_feed https://www.scmp.com/comment/insight-opinion/article/2129647/how-belt-and-road-initiative-can-be-chinas-path-green?utm_source=rss_feed Sun, 21 Jan 2018 05:03:18 +0000 Energy is the lifeblood of economic growth. It keeps factories and offices running, ports and airports humming and shopping malls in business. Asia's extraordinary growth story has given the power-hungry manufacturing sector a starring role. The region's energy consumption is now twice US levels. And there are no signs that the expansion of this appetite for energy will slow. At the same time, a heavy dependence on carbon fuels means Asia's rise has been breathtaking in more ways than one. Just... https://www.scmp.com/comment/insight-opinion/article/1395966/asia-cant-shy-away-hard-choices-energy-use?utm_source=rss_feed https://www.scmp.com/comment/insight-opinion/article/1395966/asia-cant-shy-away-hard-choices-energy-use?utm_source=rss_feed Thu, 02 Jan 2014 11:30:15 +0000 That China needs to give its growth engine a tune-up is hardly in doubt. With the economy slowing for the past several years, all eyes are on the third plenum of the Communist Party. Hopes are that the leadership will unveil structural reforms aimed at putting the economy on a sustainable trajectory. Interest rate liberalisation, privatisation and deregulation are high on the wish list of investors and reformers alike. But there is an equally important, if less talked about, potential... https://www.scmp.com/comment/insight-opinion/article/1353521/china-benefits-carbon-tax-far-outweigh-costs?utm_source=rss_feed https://www.scmp.com/comment/insight-opinion/article/1353521/china-benefits-carbon-tax-far-outweigh-costs?utm_source=rss_feed Mon, 11 Nov 2013 11:00:00 +0000