The event at the China Institute in America?offered a timely and insightful discussion on the evolving relationship between the United States and China, particularly in the energy sector. Ambassador Robert Hormats, Managing Director of Tiedemann Advisors, shared his reflections on the transformative power of energy collaboration to address pressing global challenges such as climate change and sustainable development. Energy has long been a point of mutual interest, with China leading in renewable energy deployment and the U.S. excelling in innovation and technology. By combining these strengths, both nations have an unparalleled opportunity to advance clean energy technologies, improve energy efficiency, and modernize infrastructure. Joint initiatives in these areas are not only beneficial for the U.S. and China but also crucial for global progress toward a sustainable energy future. What stood out in the discussion was the emphasis on building trust through practical, impactful cooperation. While national policies often take center stage, partnerships at the regional and local levels—between cities, provinces, companies, and research institutions—can serve as powerful catalysts for progress. For instance, increasing exchanges in clean energy technology, scaling renewable infrastructure, and addressing grid challenges together can create pathways for deeper collaboration. The energy transition is not just about technology or economics; it is a shared responsibility that calls for mutual respect and understanding. #EnergyCollaboration #USChinaRelations #SustainableEnergy #GlobalPartnerships #ClimateAction #Runh
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China is stepping up its game in green technology and energy transition! ?? Discover how this global shift is gaining momentum in 2023. Learn more here: https://okt.to/jL4CmF #China #GreenTech #EnergyTransition #RenewableEnergy
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The Clean Energy Race: Are We Falling Behind? ?????????? China is sprinting ahead in the clean energy marathon, investing a whopping $676 billion in the sector in 2023 – that's a staggering 38% of the global total! The US, on the other hand, invested around $1.7 trillion across ALL energy sectors, with a significant but unspecified portion dedicated to clean energy sources [IEA World Energy Investment 2023]. While the recent US clean energy legislation is a positive step, we need to significantly ramp up investments to compete. China's dominance isn't just about sheer numbers. They recently took a bold step by consolidating all their fusion research and development efforts under one giant corporate umbrella. This strategic move streamlines their efforts and accelerates their race to achieve commercial fusion power. This isn't just an environmental issue – it's an economic one. Clean energy is the future, and the countries leading the charge will reap the rewards in job creation, technological innovation, and energy security. The US has the potential to be a clean energy powerhouse. Let's call on our leaders to prioritize clean energy investment and ensure we're not left behind in this critical race! #cleanenergy #climatechange #innovation #US #China Let's discuss! What are your thoughts on how the US can ramp up its clean energy investments?
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Clean energy hardware is flying off the shelves in certain parts of the world… in one place, it seems, more than others. The graphic below – using data from global energy body, the International Energy Agency (IEA) – highlights China’s prominence in clean energy deployment. Two trends are worth noting.?? ? China’s lead in increasingly mainstream tech such as solar, wind and electric vehicles has unsettled policy makers and manufacturers in the US and Europe. That’s stirring up trade tensions around some key levers of the energy transition. At the same time, clean energy expansion is still concentrated in China and more advanced economies. Everywhere else – home to most people in the world – remains far behind. “We need far greater efforts to enable emerging and developing economies to ramp up clean energy investment,” urges IEA boss Fatih Birol. #moneytalks #energytransformation
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China’s Clean Energy Spending Set to Match US-Europe Combined - China is likely to spend around $675?billion on clean energy technologies in 2024, contributing 40% of its economic expansion https://lnkd.in/dYeiM8nX
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The global energy investment landscape in 2024 reveals a stark contrast between regions. China leads the way with a monumental $700 billion investment in clean energy, outpacing its fossil fuel investments by 3.7 times. This commitment underscores China's dedication to a sustainable future.?In North America, despite being the largest investor in fossil fuels at $550 billion, there is a positive shift with 1.2 times more investment in clean energy. This indicates a growing recognition of the need for renewable energy sources. However, the Middle East remains heavily reliant on fossil fuels, investing 5.4 times more in them than in clean energy. Also, in Africa and Eurasia, investments in fossil fuels still exceed investments into cleantech. This highlights the urgent need for a strategic pivot towards renewables to meet global climate goals.It's clear that while some regions are making significant strides towards clean energy, others must accelerate their efforts. Global collaboration and increased investment in renewable energy are crucial to mitigating climate change and ensuring a sustainable future for all.?#CleanEnergy #RenewableEnergy #Sustainability #ClimateChange #GlobalInvestment
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"Inside the Race to the Top," published by RMI (Rocky Mountain Institute), provides an in-depth analysis of the global competition for cleantech leadership among Chinese provinces, U.S. states, and European countries. The report highlights the dynamics driving renewable energy, electric vehicles (EVs), electrification, and cleantech manufacturing, showcasing both challenges and opportunities. Key Highlights: -Global Leadership Dynamics: China leads in cleantech deployment and manufacturing, while Europe and the U.S. work to overcome stagnation in electrification. -Exponential Growth Potential: Solar, wind, and EV adoption follow a consistent S-curve trajectory, presenting significant opportunities for growth in lagging regions. -Manufacturing Hubs: Eastern and Central China dominate solar and battery production, with the U.S. South emerging as a key contender for cleantech manufacturing. -Economic and Social Benefits: Early adopters enjoy lower energy costs, improved public health, enhanced energy security, and significant economic growth. -Opportunity for Scale: Catching up to local leaders in deployment could lead to 3–4x growth in renewables and EV markets, unlocking vast potential for innovation and sustainability. This race underscores the transformative role of strategic policy and innovation in building a sustainable future. Early movers will secure long-term economic and environmental benefits. Source: RMI, "Inside the Race to the Top" (December 2024) Link: https://lnkd.in/dXz2U4Gd #Cleantech #RenewableEnergy #Sustainability #ElectricVehicles #EnergyTransition #Innovation #GreenEconomy #ClimateAction #GlobalLeadership
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My recent paper, “Clean energy innovation in China”, shows that the dominance came about through a combination of many different policies, of which subsidies and state planning were an important but not necessarily controlling aspect. Rather, over long periods, China has explicitly sought to master and localise clean-energy tech as a strategy for local and national economic development. Its toolbox included both explicit and implicit aspects of industrial policy, and its rise to dominance of clean energy was hardly a simple story of comparative advantage under free trade.
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Join the conversation????on?potential Australia-Japan co-operation on future Electricity systems??? ? This session at our conference ?????????????????????????? ??????????????????-?????????? ???????????? ?????????????????????? – ?????????????? ?? ???????????? ?????????????? ???????? in Adelaide on Friday, 12 April, will focus on addressing the challenges of constructing electricity grids suitable for the low-carbon era. ? Australia and Japan are facing common challenges in transitioning toward low carbon energy systems as they work to achieve carbon neutrality by 2050. Challenges in the electricity sector are particularly important and complex, from integrating dispersed sources of energy such as rooftop solar photovoltaics into the electricity system, to solving issues such as ensuring ongoing investment in generation, managing intermittency through the deployment of storage solutions, and transforming the transmission grid.? ?? South Australia has made remarkable progress in transitioning towards a decarbonised electricity system, making Adelaide the ideal place for a discussion of how Australia and Japan can navigate – and collaborate on –? these issues.?? ?? Hear firsthand how the South Australian government is pursuing its goal of a fossil fuel-free future by 2027, and how Australia and Japan are already collaborating on major renewables projects with benefits to both the power grid and decarbonisation of mining.?? ?? Professor Llewelyn Hughes, an expert on Japanese energy systems from the Crawford School of Public Policy at the The Australian National University will moderate a conversation with our expert discussants,??Rebecca Knights ?from the Department for Energy and Mining, South Australia, Rachel Rundle?from Eku Energy,?TATS K. ?from Sojitz Corporation and? Brad Harrison ?from ElectraNet Pty Ltd as they?explore?opportunities and challenges in:? ? ??Renewables deployment, grid transformation and collaboration opportunities for Australia and Japan.? ??Market mechanisms and structures most conducive to effective and efficient integration of renewables, and how these differ from existing structures.? ??Potential measures - including by governments – both countries could take to facilitate collaboration in this area.? ? ???Stay updated with live program details:?https://lnkd.in/g_rMUCW8 ? #RenewableEnergy #AustraliaJapan #ElectricityIntegration #CleanEnergyFuture?#AUSJPNEnergyPartners?#AJBCC Richard Andrews Australian Trade and Investment Commission (Austrade) Australian Department of Foreign Affairs and Trade JETRO - Japan External Trade Organization Tim Lester Fiona Simon Clare Pope Mack Wilson Shannon O'Rourke Tom Allen Hugo Batten Barry Sterland Katerina Aleksoska
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Kyrgyz Republic Hosts International Energy Investment Forum in Vienna, Showcases $16 Billion in Clean Energy Projects The Government of the Kyrgyz Republic, supported by the World Bank Group and co-hosted by the Government of Austria, convened high-level delegations from Central Asia, Europe, the Middle East, and international financial institutions and private investors at the Kyrgyz Republic International Energy Investment Forum. The event, held in Vienna, aimed to discuss the future of energy in Central Asia. The Forum attracted over 200 delegates and highlighted the Kyrgyz Republic’s progress in energy sector reforms, investment opportunities, and the region’s potential for a clean energy transition. The government presented 12 investment projects totaling $16 billion, with a focus on hydropower […] Read the full story here: https://lnkd.in/dwsEAEQ5 #solarenergy #alternativeenergy #solarpv #pvsolar #photovoltaic #cleanenergy #cleantech #climatechange #middleeast #africa #india #asiapacific #asia #asia #cleanenergyinvestment #europe #kyrgyzrepublic #middleeast #worldbank
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?? Taiwan’s Energy Transition: Opportunities for Collaboration with Sweden and the EU ?? In this analysis, Brian I. delves into Taiwan's proactive approach towards energy transition, exploring its strategic implications for Sweden and the EU. ???? "One of the primary areas for cooperation is the exchange of policy and best practices. Sweden’s regulatory frameworks and policies that have successfully incentivised renewable energy adoption could serve as models for Taiwan. Learning from the EU’s approach to integrating environmental sustainability into economic and industrial policies could help Taiwan develop regulations that encourage investment in green technologies while also fostering economic growth." ?? Find the piece here: https://lnkd.in/gztjiBJX #Taiwan #greentransition
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