Geopolitics & Multipolarity~

China-led bloc renews call for West to pay trillions in climate funds for poor nations

July 26, 2024 CEN_com 0

A bloc of developing countries has accused wealthy nations of a lack of transparency in their approach to climate financing while seeking to “dilute their legal obligations” to help poorer economies. A China-led bloc of four newly industrialised countries said rich countries needed to pay up “trillions of dollars” in climate finance, adding that developed countries were “backtracking” on their earlier pledges. “Historical emissions and the use of the world’s […]

China pledges to build energy cooperation with Russia

July 24, 2024 CEN_com 0

China hopes that the two sides will actively strengthen cooperation in renewable energy and energy technology innovation, and promote green and low-carbon energy transformation. Xinhua reports that Chinese Vice Premier Ding Xuexiang said in talks with Russian Deputy Prime Minister Alexander Novak at the 21st meeting of the China-Russia Energy Cooperation Committee, that China is willing to work with Russia to build a high-level energy cooperation partnership. Ding proposed that […]

China installing wind and solar equivalent of five large nuclear power stations per week

July 21, 2024 CEN_com 0

New figures show the pace of China’s clean energy transition is roughly the equivalent of installing five large-scale nuclear power plants worth of renewables every week. It’s installing at least 10 gigawatts of wind and solar generation capacity every fortnight. Tech Advocate reports: China, the world’s largest energy consumer, is making rapid strides in its transition to a low-carbon economy. In a bid to reduce its dependence on fossil fuels […]

BRICS-member Brazil leads G20 with renewable energy surge

July 21, 2024 CEN_com 0

In a striking demonstration of renewable energy leadership, Brazil has emerged as the top performer among G20 countries in harnessing green power, reaching 89% renewable electricity generation. Brazil has emerged as the top performer among G20 countries in harnessing green power. According to the latest findings from the global energy think tank Ember, Brazil generated a remarkable 89% of its electricity from renewable source in 2023, significantly outpacing the global […]

Brazil reveals plan to join Belt and Road Initiative

July 20, 2024 CEN_com 0

Brazil’s president revealed on Friday that his administration was putting together “a proposal to join” the Belt and Road Initiative, China’s flagship infrastructure and investment project. Luiz Inacio Lula da Silva shared the news during an event announcing investments by the Brazilian Development Bank to renovate a highway between Rio de Janeiro and the city of Santos, site of the country’s main port. Describing a synergy between Chinese interests and […]

China Diversifies Energy Imports: Stops Buying U.S. Oil

July 15, 2024 CEN_com 0

As China focuses on modernizing its energy infrastructure in the transition away from coal towards renewable energy sources, it still also relies on oil imports for energy security. [China leads the world in wind capacity (65%), solar capacity (60%) and hydropower (31%). China is second globally after the U.S. in nuclear power generation (13.5%)]. The U.S. Congress has introduced legislation prohibiting China from purchasing oil from the U.S. Strategic Petroleum […]

China-built BRI mega port in Peru

July 5, 2024 CEN_com 0

The new $3.5 billion Chancay megaport in Peru, built by China under the Belt and Road Initiative (BRI), is set to boost trade between South America and China, changing regional economic dynamics and raising concerns in the United States. The $3.5 billion deep-water port in Chancay, Peru, mainly owned by China’s Cosco Shipping, is causing concern in the U.S. The port, part of China’s BRI, aims to establish direct shipping […]

China’s semiconductor industry adapts to US sanctions and grows stronger

July 2, 2024 CEN_com 0

Green technological progress is crucial for environmental protection and economic growth in China. Over the past decades, China has made huge progress in this arena which exerts far-reaching consequences for its economic and social development. In a distinct move away from high-speed growth and economic volume, China’s leadership is intent on enhancing the quality and ecological sustainability of economic development and improving the well-being of the people. China is moving […]

Georgia and China to build major BRI port on Black Sea

July 1, 2024 CEN_com 0

On May 29, 2024 Georgian Minister of Economy and Sustainable Development Levan Davitashvili announced that a Chinese-Singaporean consortium had won the tender for the construction of the Anaklia deep-sea port in Georgia on the Black Sea. The consortium includes China Communication Construction Company and China Harbor Investment, with China Road and Bridge Corporation and Qingdao Port International as subcontractors. The decision underscores the Georgian government’s turn from the West toward China after […]

BRICS introduces “partner country” status as stepping stone to full membership

June 27, 2024 CEN_com 0

The BRICS group of nations has slowed down the accession of new membership in the group – it has voted to temporarily suspend new membership applications and focus on integrating the countries which have joined most recently. Russian Foreign Minister Sergey Lavrov announced this decision in Minsk on June 25, 2024. Lavrov said that the Group of Ten BRICS members had decided to “take a break with the accession of new […]