Translation Category: Energy
The CCP Politburo holds “collective study sessions” on a semi-regular basis, in which an outside academic or government expert leads a discussion on a selected topic. Such sessions are important signals as to what issues the senior leadership finds important. The 12th collective study session of the 20th Central Committee Politburo was held on February 29, 2024 and was presided over by Xi Jinping. At this session, Xi delivered a speech emphasizing the need to improve China’s energy security through the development and deployment of clean energy technologies. These efforts will enable China, Xi posits, to achieve sustainable growth at home and become a leader in combating climate change globally.
This excerpt from a lengthy news report, written in April 2022, examines the global energy market amid the Russia-Ukraine war and takeaways for China. The author suggests that “although the Russia-Ukraine conflict is far from Asia, the global energy market is unitary in nature.” He argues that high oil prices are a “further warning of the importance of diversifying energy supplies for energy security.”
A senior economist from the state-owned Sinochem conglomerate argues that in face of what he sees as an increasingly unstable geopolitical situation, China should increase its investments in renewable energy.
The National Energy Administration calls for strengthening energy reserves and preparing China’s energy sector to transition to more non-fossil energy sources. These Opinions are disseminated to all relevant provincial-level agencies to guide and help implement energy policies throughout the year.
In this article appearing in the state-backed The Paper (澎湃), several experts offer opinions on how the recently announced “Opinions on Accelerating the Construction of a National Unified Market” will impact energy supply and costs.
The chief economist at a state-owned energy investment firm argues that in the wake of Russia’s invasion of Ukraine, China must diversify its energy sources, increase its energy independence, and promote the use of the RMB for pricing and settling international energy transactions.