Environmental protection, carbon peaking and carbon neutrality, and policies
The European Union launches a new programVigorously develop hydrogen energy
The European Commission recently issued a statement saying that it has approved a new plan to support hydrogen infrastructure and reduce dependence on natural gas, thereby promoting the goal of carbon neutrality. Under the initiative, called "IPCEL HY2INFRA", 32 companies will be involved in 33 hydrogen-related projects, including the construction of large-scale electrolyzers for the production of renewable hydrogen, the construction and renovation of about 2,700 kilometers of hydrogen transmission and distribution pipelines, and the construction of large-scale hydrogen storage facilities.
, National Development and Reform Commission, National Energy Administration: Encourage new energy enterprises to flexibly configure new energy storage
Recently, the National Development and Reform Commission and the National Energy Administration jointly issued the "Guiding Opinions on Strengthening the Construction of Power Grid Peak Regulation Energy Storage and Intelligent Dispatching Capacity", which proposes to encourage new energy enterprises to flexibly configure new energy storage through self-construction, co-construction and leasing, and reasonably determine the scale of energy storage allocation in combination with system needs, so as to improve the level of new energy consumption and utilization, capacity support capacity and network-related safety performance. In addition, in terms of promoting the diversified and coordinated development of new energy storage technologies, it is also necessary to "focus on overcoming long-term energy storage technologies and solving the system regulation needs of the time scale above the day brought about by the large-scale grid connection of new energy".
3. Wang Wentao, Minister of Commerce, attended the WTO Ministerial Symposium on Sustainable Development and delivered a speech
The 13th WTO Ministerial Conference held a Ministerial Symposium on Sustainable Development on 26 February. Wang Wentao, Minister of Commerce, attended the meeting and delivered a speech, while Li Fei, Vice Minister of Commerce, and Li Chenggang, Ambassador of the Permanent Mission of China to the WTO, attended the meeting. Wang Wentao said that the current vigorous development of digital ** has brought new impetus to all countries, especially developing countries. China supports the maintenance of the temporary tariff exemption for electronic transmissions, and calls for the conclusion of e-commerce negotiations as soon as possible, and the acceleration of the construction of multilateral digital rules, so as to add new opportunities for sustainable development. Wang Wentao pointed out that unilateralism and protectionism run counter to global sustainable development. Individual members engage in "small courtyard walls" and "decoupling and breaking chains"** bullying, in the name of "green" and "fairness", and practice protectionism, hindering sustainable development. China supports strengthening regulatory review and enhancing the stability and resilience of global industrial chains, and calls for the inclusion of the Agreement on Investment Facilitation for Development in the WTO legal framework, so as to facilitate the economic development and industrialization of developing countries and promote the implementation of the United Nations 2030 Agenda for Sustainable Development.
esgFinance
1. Paul Chan: The Hong Kong Special Administrative Region (HKSAR) will make every effort to build an offshore RMB ecosystem
On February 28, the Financial Secretary of the Hong Kong Special Administrative Region (HKSAR**), Paul Chan, delivered the Budget of the HKSAR for the financial year 2024-2025. Mr Chan said that Hong Kong is the world's largest offshore RMB business hub, handling about 75% of the world's offshore RMB payments and settlements, and has the world's largest offshore deposit pool of over RMB1 trillion. The HKSAR** will make every effort to build an offshore RMB ecosystem to seize the huge opportunities and facilitate the steady and prudent progress of RMB internationalisation.
Social practices and corporate trends
The cost of lithium batteries is expected to be reduced by another 25% in 2030
On February 27, Zhang Yongwei, vice chairman and secretary general of the China Electric Vehicle 100 Association, said that the cost of lithium batteries is expected to be reduced by another 25% in 2030, further promoting the "same price of oil and electricity"; At the same time, solid-state batteries are expected to be industrialized and accelerate the popularization of new energy vehicles. The core factors driving the reduction of global power battery costs include technology iteration, process improvement, scale improvement and stable raw materials.
Rio Tinto acquired Canada**96.02 million yuan was allocated for iron ore processing and decarbonization
On February 26, Rio Tinto said that Canada** had allocated 18 million Canadian dollars (about 96.02 million yuan) for the decarbonization of iron ore processing in western Labrador. The company will install decarbonisation equipment to further reduce the amount of fossil fuels consumed in the production of iron ore pellets and concentrates. Over the life of the project, the IOC will reduce greenhouse gas emissions by approximately 2.2 million tons.