In today’s talking points: Green Energy Schemes for Low-carbon City in Shanghai, China; BCIM offers pathway for broader China-India energy cooperation and The EU and China will leverage renewable energy to create a new global order.
Green Energy Schemes for Low-carbon City in Shanghai, China
The higher-level global environment objective of the Green Energy for Low-Carbon City Project in Shanghai Project for China is to support Shanghai’s low-carbon city development by promoting green energy schemes, with a focus on Changning district. The project namely provides technical assistance and incremental support for near zero-emission buildings and low carbon investment funded by a grant from the Global Environment Facility (GEF) and a loan from the International Bank for Reconstruction and Development (IBRD) respectively. The total cost of the project is US$ 246.00 million and was implemented by the New Changning Low-Carbon Investment and Management Company in 2013, with a completion date set for the end of December this year.
Read more: World Bank
BCIM offers pathway for broader China-India energy cooperation
India is struggling to meet demands for natural gas supplies with their enormous population and limited natural gas reserves. Western India is in dire need for industrial and infrastructure development to receive gas shipments. Currently, all gas and oil from the Gulf Bay are received and transferred through Eastern India. Various discussions are in place to cooperate with Myanmar as a natural gas supplier due to their close proximity, however this would require a land pipeline passing through Bangladesh. It is believed that China could assist India to carry out deeper cooperation between Myanmar and Bangladesh, as well as contribute to infrastructure development in Western India through greater Foreign Direct Investment.
Read more: Global Times
The EU and China will leverage renewable energy to create a new global order
With the United States and United Kingdom holding back as a global leader in climate change, China and the European Union are seizing the opportunity to step forward through leveraging renewable energy and clean technologies. A position that holds good global citizens and a developing a strong, sustainable economy offers a way to generate greater soft power and global influence over other nations. Not only have the two regions recently invested billions of dollars in renewable energy, more than half the world’s solar energy capacity is held by China and the EU is home to a new generation of green entrepreneurs.
Read more: The Hill