Tag: energy
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Rethinking China’s Role in Africa’s Energy Future
By Jiaqi Lu Expanding electricity access is one of the most pressing challenges for Africa’s development, with 600 million people—roughly 43% of the continent’s population—still lacking access to reliable electricity. The 2025 Africa ...
Sri Lanka Signs Landmark $3.7 Billion Deal With Chinese State Oil Giant
Sri Lanka has secured its biggest-ever foreign investment after signing a deal with Chinese state-run oil giant Sinopec, officials said on Thursday. Sinopec has agreed to invest $3.7 billion to construct a "state-of-the-art oil refinery" with a capacity of 200,000 barrels ...
3 Key Trends to Watch for China-Global South Ties in 2025
Trend-predicting – always a dicey enterprise – feels particularly difficult as the Biden administration dries to a crusty stain, and incoming U.S. President Donald Trump waits in the wings huddled in his signature cloud of white-hot incoherence. However, tracking a few ...
China’s Role in Indonesia’s Coal-Powered Industry Poses Challenge to Prabowo’s Green Goals
Indonesia’s energy transition strategy has sparked debate after conflicting statements from top officials about the future of coal power. While President Prabowo Subianto recently announced, at the G20 summit in Brazil, an ambitious plan to cease all coal and fossil fuel ...
QatarEnergy Inks Gas Supply Deal for China With Shell
Qatar has agreed to supply three million tonnes of gas a year to China in a deal with London-headquartered energy giant Shell, the emirate's state energy company said on Monday. The liquefied natural gas deliveries would begin in January as part ...
Two Projects in Asia and Africa Highlight the New Realities of Chinese Development Finance
Two very interesting stories this week highlight the complexity of China's development finance initiatives in Asia and Africa. In Cambodia, people close to the massive $1.7 billion Funan Techo canal project hint that Chinese financing isn't as secure as Prime Minister Hun Manet made it sound when ...
China’s “Small and Beautiful” Path in Overseas Energy Finance Signals a Greener Shift, but Will It Grow?
By Jiaqi Lu The era of carbon-intensive mega-investments by China in global energy infrastructure may be coming to an end. Recent findings from the China’s Global Energy Finance Database, managed by the Boston University ...
To Speed Up Coal Plant Retirement, Policymakers Need to Better Understand the Costs and Benefits
By Rishikesh Ram Bhandary and Kevin P. Gallagher Coal-fired power plants will have to be rapidly phased down to meet the Paris Agreement targets and avoid the catastrophic costs of inaction on climate change. At ...
China Endorses ‘Small and Beautiful’ Projects in Africa Despite Challenges
By Liu Shuang and Wang Ye China renewed its commitments to Africa this September at the Forum on China-Africa Cooperation (FOCAC) in Beijing. The renewal included endorsing “small and beautiful” livelihood-improving projects and bankrolling sustainable energy projects. The idea of small and ...
Indonesia Is a Battlefield for China and Western Countries Over Energy Transition
The climate crisis is already happening. It has caused disasters in various parts of the world. A report published by the national news network KOMPAS in early October sounded the alarm over the accelerating damage climate change has on developing countries. The news revealed that river ...
BRICS Countries Reach Impasse Over Security Council Seats
The newly-enlarged BRICS group failed to issue a joint statement after foreign ministers from the ten-nation bloc met last week on the sidelines of the United Nations General Assembly in New York. Two of the group's new members, Egypt and Ethiopia, reportedly ...
FOCAC and the Recalibration of Africa-China Relations
By Chris Alden and Lukas Fiala As the news cycle surrounding last week’s Forum on China-Africa Cooperation (FOCAC) is gradually slowing down, it’s time to think about the bigger picture and what this summit has achieved. While not evident at first ...