Environment China

Beijing Energy Network

Environment China is a bilingual podcast from the Beijing Energy Network. The show features conversations with advocates, entrepreneurs, and experts working in the environmental field in China.

  1. 25 DE JUL.

    Green finance: what can other countries learn from China? - with Calvin Quek

    Green finance has been a hot topic for several years, and in some respects China is an overall leader in green finance -- at least in terms of the overall volume of green bonds and green loans. More green finance products are coming out at a steady stream. So what does all this mean for China's energy transition? Has it really helped, and is it contributing to greening China's investments abroad? In today's podcast, we talk to longtime Beijing Energy Network green finance guru Calvin Quek about these and other questions. Calvin is the Executive Director, Nature Finance, Oxford Sustainable Finance Group, and he is also Director at Transition Asia. Previously he was Senior Environmental Specialist at the Asian Infrastructure Investment Bank (AIIB) in Beijing. We specifically discuss a column Calvin authored together with Mathias Larsen, Research Associate at Brown University's Watson Institute for International and Public Affairs and Non-resident Fellow at the Green Finance and Development Center at Fudan University.  The column, 'What other countries can learn from how China financed a green transformation,' was published in Environmental Finance and can be found here: https://www.environmental-finance.com/content/analysis/what-other-countries-can-learn-from-how-china-financed-a-green-transformation.html.  Here's a look at the discussion: 2:00 What is green finance? What does it mean, in terms of incentives and disincentives for investment decisions or corporate decisions? 4:07 What are green bonds and how do green bonds in China differ? 5:27 What is the evidence about where funds from green bonds and loans go in China? (Short answer: we have limited data, and there is some evidence that funds don’t necessarily go to green activities.) 6:45 What is a taxonomy? 9:20 Are green taxonomies or green finance instruments still going towards ‘clean coal’ or fossil fuels, and is that still a live part of the debate in China? (Short answer: yes.) 9:45 Did green finance play any role in China becoming the leader in clean energy technology? If so, how big?  (Short answer: yes, but only a small role.) 12:30 Additionality: In general, financing costs for favored sectors and for SOE-built infrastructure is already benefitting from incredibly low costs of capital. So in that context, is green finance providing any additional incentive – at least in China? 15:00 If most green finance goes to SOE projects that might have happened anyway, does it help some marginal green projects around the edges, or does the huge state sector actually crowd out green finance for marginal projects and innovative new tech? 16:45 For green hydrogen or other technologies that are not close to economic viability on their own, green finance is not going to make the difference? 18:00 Role of green finance in China’s overseas investments. 23:00 If green energy is more distributed, does that work against China’s green finance model, based on large loans for big projects? Or can small be beautiful?

    26min
  2. 23 DE MAR.

    China Energy Transformation Outlook - Kaare Sandholt

    In this episode of Environment China, we are talking about China’s long-term pathway to carbon neutrality and, in particular, about the recent publication of the China Energy Transformation Outlook, or CETO, which provides two scenarios of China’s clean energy transition. We talk to Kaare Sandholt, International Chief Expert for the China Energy Transformation Programme. The programme is run by the Energy Research Institute  of the NDRC. Topics we address include: The importance of long-term modeling, and its contribution compared to five-year plans or other policy planning How CETO's two main scenarios compare: both assume carbon neutrality by 2060 and similar GDP growth, but differ in terms of energy mix and technology progress The role of electrification and energy efficiency: starting with transport, but also in industry, which requires both a cleaner grid and lower direct combustion of fossil fuels, which wastes huge amounts of energy through waste heat The importance of structural economic transformation: CETO assumes China makes substantial progress transitioning away from heavy manufacturing The reforms that CETO anticipates, including especially in power markets (merit-order dispatch, cross-regional electricity trading, and price signals), but also in carbon markets and industry standards The role of gas: gas will rise rapidly in relative terms, with 50-50 growth between power sector and industry; in coastal provinces gas is for flexibility in the power sector, and inland provinces gas is for industry; but it will not become a major transition fuel that takes the place of coal The amount of wind and solar capacity that will be needed: while the RE capacity requirement has risen due to faster electricity demand growth, the annual additions needed are roughly in line with present wind and solar additions The report is available in English here: https://www.cet.energy/ And Kaare Sandholt has an excellent article in a recent issue of Carbon Brief, published together with Wang Zhongying: https://www.carbonbrief.org/guest-post-china-will-need-10000gw-of-wind-and-solar-by-2060/    Executive Producer of this episode: Anders Hove

    34min
  3. 07/12/2024

    Can China Reduce Emissions by 30% by 2035? - with Belinda Schäpe of CREA

    According to a recent report by the Centre for Research on Energy and Clean Air (CREA), by sustaining its current expansion rate of renewable energy, China could cut 30% of power sector emissions & increase non-fossil energy share to over 40%. This would require renewable capacity of 5,000 GW by 2035 (roughly 3x current renewable capacity, or 4x current wind and solar capacity) and halting approvals of all new unabated coal power plants. CREA's report argues these goals can only be achieved through robust national targets, such as through the forthcoming Nationally Determined Contributions (NDC) targets.  In this podcast, we speak with CREA's Belinda Schäpe about the details of this analysis, which was reported on in detail in Reuters, Bloomberg, and AFP.  Belinda is a China Policy Analyst with the Centre for Research on Energy and Clean Air (CREA) where she analysis China's decarbonisation journey and advises policymakers on their diplomatic engagement with China. Previously, Belinda worked on climate diplomacy with China at the climate change think tank E3G, at the European Commission, Dialogue Earth, and a number of organisation working on economic cooperation between Europe and China. Belinda holds a double master’s degree in International Affairs from the London School of Economics and Peking University and a bachelor’s degree in Chinese Studies and Business Administration from Tübingen University.  The full report from CREA is available here: https://energyandcleanair.org/publication/chinas-clean-energy-trends-could-cut-emissions-by-30-in-2035-if-sustained/

    26min
  4. 13/09/2024

    (Repost for missing audio) Comparing offshore wind in China and Norway - with Erlend Ek

    Dear listeners, we hope you missed us during the long summer break! Now, we're back, and hope you'll join us again for another in-depth episode dealing with a rapidly expanding element of China's energy transition: offshore wind. Today, we’re talking about China’s offshore wind sector and how it compares to the strategies pursued by Western countries, typified perhaps by the example of Norway. Our guest is longtime Beijing Energy Network member Erlend Ek, who was posted to Beijing and lived in China for over 15 years. He is now senior research strategy and energy lead with China Policy. Erlend has over this time headed a long list of commissioned research projects across a diverse range of topics, including China’s industrial development, trade policy, regional economic coordination, and the economic zones system. His master's thesis is entitled: "China and Norway: who leads in offshore wind energy and why? A study in motivation." Key points addressed in the podcast: How China's offshore wind industry started out, and how it compares to the rest of the world. (It started late, but is now largest in the world by far.) How China's offshore wind compares technologically. (China has mastered almost the complete supply chain, but so far mainly competes for domestic projects.) The role of policy versus markets in China in offshore wind. Erlend points out that the Chinese state plays an important coordinating role, and a very active role in setting objectives, but relies heavily on the market for efficient outcomes within that context. How China's strategy differs from that of Norway and other countries more focused on "technology neutral" or "low cost" approaches to the energy transition. The two main critiques of China's energy transition and whether they are valid: (1) that subsidies have declining effectiveness and rising costs, meaning they are ultimately unsustainable in bringing about a transition and overly costly, and (2) that the private sector is inherently better at deciding where society should invest than the public sector or policy makers. How China localized the wind industry and whether its criticisms of industrial policies in Europe make sense. Whether other countries can compete with China in these fields, even with the best policies, given its scale and other advantages. Episode produced by: Anders Hove (This episode is a re-post of yesterday's episode, which was missing around 1 minute of content towards the end.)

    34min
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de 5
48 avaliações

Sobre

Environment China is a bilingual podcast from the Beijing Energy Network. The show features conversations with advocates, entrepreneurs, and experts working in the environmental field in China.

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