Month: June 2022

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Chinese energy giant PetroChina considers selling its Western holdings

June 30, 2022 CEN_com 0

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 […]

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

June 30, 2022 CEN_com 0

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 […]

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

June 30, 2022 CEN_com 0

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 […]

China completes construction of Zimbabwe’s new parliament building

June 30, 2022 CEN_com 0

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 project, instead of the original 32-month timeframe due to COVID-19 disruptions. Construction began in November 2018. Sitting on the historical Mount Hampden Hill, about 18 km northwest of Harare, the […]

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

June 29, 2022 CEN_com 0

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 […]

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

June 29, 2022 CEN_com 0

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 […]

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

June 29, 2022 CEN_com 0

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 […]

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Argentina and Iran to join BRICS

June 28, 2022 CEN_com 0

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 […]

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Cuban International Renewable Energy Fair

June 25, 2022 CEN_com 0

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 […]

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

June 25, 2022 CEN_com 0

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 whether China has sufficient wind and solar potential, given that decarbonising its energy system will be key to meeting its climate goals. At the end of 2020, China’s installed capacity […]