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. FEB 17

    China's Green Leap Outward - with Mathias Larsen

    Today, we're continuing our series on China's external investments in the energy field, focusing in particular on China's outbound investments in clean energy manufacturing. Our guest today is Mathias Larsen. Mathias is Senior Policy Fellow at LSE's Grantham Research Institute for Climate Change & the Environment, where he leads the Institute's work on China, and he also studies China's impact on other countries outside the global North, in particular, Vietnam, India, Ethiopia, and Brazil. His work focuses on the role of the state in ensuring financing for a green transition, covering central banking, fiscal policy, development finance, and other tools related to industrial policy. Mathias has a double PhD in international political economy from Copenhagen Business School and the Chinese Academy of Sciences, and a double Master's degree in international business and politics from Copenhagen Business School and Rotterdam School of Management, as well as a double Master's degree in international development from Sciences Po Paris and Peking University. He previously worked as a Postdoc at Brown University, at the International Institute of Green Finance, as well as at the UN in New York, Bangkok, and Nairobi. Topics we cover include: The trend change in China's green outbound investment that started in 2022. Which regions are attracting which kinds of investments. Whether countries are really seeing development opportunities in this stream of investment -- and what they can do to maximize their chances of development. China's central bank policies which include both national development priorities as well as macroeconomic stability, without the strict independence traditionally expected of central banks. Whether such policies could offer a lesson for others. China's outbound green hydrogen investments in the Mideast. Saudi Arabia's strategy on green hydrogen. For further reading: https://www.netzeropolicylab.com/china-green-leap https://blogs.lse.ac.uk/businessreview/2025/12/10/while-western-central-banks-hesitate-on-climate-chinas-acts/ https://www.carboun.com/china-hydrogen

    26 min
  2. FEB 1

    China's Surging BRI Investments - with Christoph Nedopil-Wang

    In today's episode, we take a deep dive into the latest stats on China's surging investments in the Belt-and-Road Initiative countries. Energy investment is up, but we learn that this was both the 'greenest and dirtiest' year for BRI investments ever. Even as China's oil demand stagnates, China's SOEs and construction companies are doing brisk business investing in oil and gas, even as CATL and Jinko Solar find deals and opportunities in Latin America and Africa. Our guest, Christoph Nedopil-Wang, is the director of the Griffith Asia Institute and Professor of Economics. Christoph engages in research related to sustainable finance and business in Asia and the Pacific, and he is particularly interested in the role of China in Asia's sustainable development with extensive engagement in green finance, green energy transition, green metals, climate smart state-owned enterprises (SOEs) and China's Belt and Road Initiative (BRI).  He has numerous publications related to the topic of China's overseas finance and green finance in general, and in particular he is the lead author of the China Belt and Road Initiative (BRI) Investment Report 2025, published by the Griffith Asia Institute in early January 2026, in collaboration with the Green Finance & Development Center (GFDC) of the Fanhai International School of Finance (FISF), in Fudan, China. [Editorial note: a young family member can occasionally be heard in the background.] Questions we address are: Is surging investment a surprise? And why is this happening just as China's domestic economy slows? Why is oil and gas investment surging when domestic demand is so soft? Is Chinese investment in minerals and minerals processing mainly a "scramble for resources" or is it a development opportunity for the recipient countries? Is Africa's growth of 300% a signficant trend change that could continue?  Deal size is up. What ever happened to "small is beautiful"? Expectations for 2026   Further reading: China Belt and Road Initiative (BRI) Investment Report 2025 https://blogs.griffith.edu.au/asiainsights/china-belt-and-road-initiative-bri-investment-report-2025-2/

    22 min
  3. 10/06/2025

    China's New NDC - Where do we go from here? - with Kate Logan, ASPI

    China recently released its official NDC, or Nationally Determined Contribution document, laying out a commitment to reduce carbon emissions 'from peak' by 7-10% by 2035. The document was widely seen as disappointing. Now that the NDC and the initial reactions are out, it's time to take a step back and evaluate the bigger picture. What does this target really mean? What does the NDC signal about China's 15th Five-Year Plan, or for its major emitting sectors such as coal power or coal-to-chemicals? What impact did climate diplomacy or weakened/withdrawn climate commitments from other economies have on China's NDC? Is there a chance that China will use other policies to 'enhance its ambition'? Our guest today is Kate Logan  Director, China Climate Hub and Climate Diplomacy at the Asia Society Policy Institute. Logan is also a Fellow with ASPI's Center for China Analysis. Her work focuses on enhancing climate progress across Asia and in China especially, including by supporting the international community's engagement with China's climate agenda. She previously worked with ClimateWorks, and also in Beijing with the Natural Resources Defense Council, and the Institute of Public & Environmental Affairs. Kate was one of the founders of the Environment China podcast, almost a decade ago, so she has a long connection to the Beijing Energy Network! Further reading: Kate Logan and Li Shuo, 'Beijing disappoints on ambition and misses a chance at leadership', Asia Society Policy Institute, September 2025, at https://asiasociety.org/policy-institute/unpacking-chinas-new-headline-climate-targets.

    27 min
  4. 07/25/2025

    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?

    26 min
  5. 03/23/2025

    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

    34 min
4.9
out of 5
48 Ratings

About

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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