Spyridon Pantelis’ Post

Amid the #TwoSessions, Daizong Liu made the following comment on EV development during an interview with China Dialogue: “China’s NEV industry has gone past the tipping point that marks the end of slow initial growth and entered a phase of exponential growth...Many provinces want to take advantage of this period of rapid expansion and are, accordingly, making further plans in the NEV sector.” The NEV Industrial Development Plan (2021-2035) (《新能源汽车产业发展规划（2021-2035年）》) and Technical Roadmap 2.0 for Energy Conversation and NEV (《节能与新能源汽车技术路线图2.0》) aimed for the NEV penetration rate in annual new sales to achieve 20% by 2025, 40% by 2030, and 50% by 2035. Yet market momentum for passenger EVs is much more aggressive than anyone could expect, as China EV100 predicts that the country may see its NEV penetration rate achieving 50% as early as 2025, ten years earlier than planned. The Two Sessions - which is happening this week - could be a great opportunity to celebrate past achievements while exploring more ambitious electrification goals, infrastructure and monetary incentives needed to back them up, as well as ways to spur demand in the commercial EV sector. #policy #twosessions #NEV #renewableenergy #electricvehicle #passengervehicle #commercialvehicle

David G. Victor and Michael R. Davidson argue that the United States' current approach towards China in the realm of clean energy is counterproductive. Despite the prevailing sentiment in Washington to adopt a tough stance against Chinese suppliers, the authors claim this will only hinder American progress. They emphasize that collaboration and competition with China, rather than hostility, will allow the U.S. to catch up and thrive in the clean energy sector. China's dominance in clean technology stems from its innovations and effective industrial policies, such as subsidies, automated manufacturing, and local government incentives. Current U.S. policies, like extensive tariffs and barriers against Chinese firms, are damaging. They increase costs, destabilize politics, and shift supply chains elsewhere, rather than fostering genuine competition. A smarter approach would be to balance trade with strategic protections, narrow tariffs to specific unfair practices, and encourage partnerships between Chinese and American firms. Industrial policy should focus on overcoming market failures in innovation and early-stage technology deployment. Collaboration with China could spur advancements in clean technology, leading to mutual benefits, including supply chain diversification and higher environmental standards. Learning from Chinese methods, such as permitting reforms and larger-scale manufacturing, could bolster U.S. competitiveness in clean energy. With the 2024 U.S. elections nearing, the potential victory of either Joe Biden or Donald Trump will substantially impact the U.S. strategy toward China and clean energy. Biden's administration, which has already shown some willingness to engage with China despite tensions, might continue to promote strategic collaboration and competitive co-development in clean energy technologies. His policies could leverage subsidies and partnerships, as highlighted by Victor and Davidson, to balance competition with necessary cooperation. If Trump returns to office, his administration is expected to intensify tariffs and other economic barriers against China, reflecting his previously hardline stance. Such policies could exacerbate tensions, limiting beneficial cooperation in clean energy and potentially slowing technological advancements due to increased costs and disrupted supply chains. Regardless of the electoral outcome, achieving broad agreements with China will remain complex. National security concerns will likely take precedence, hampering efforts to establish extensive cooperation in clean technology. While collaboration offers clear developmental benefits, the geopolitical landscape and domestic political pressures will challenge the pursuit of such a pathway #geopolitics #usa #china #cleanenergy #sustainableenergy #innovation #energyolicy #trade #2024elections #supplychain #renewablenergy #greentechnology The Brookings Institution David G. Victor @Michael R. Davidson

Faced with a surplus of solar panels, electric cars, and batteries, Beijing plans to sell these products on the global market at steep discounts. However, this predatory pricing could result in the failure of non-Chinese firms and leave China with an all-out monopoly, an illegal activity forbidden by the World Trade Organization. This would leave the global energy supply vulnerable and give Beijing an unfathomable amount of leverage over its allies and adversaries alike. The implications of this action are far-reaching and could have significant consequences for the energy industry worldwide.

https://lnkd.in/dm46ZfMt Extricating America from Its Chinese Handcuffs Diana Furchtgott-Roth and Andrew Hale Sep 26, 2024 The economic engagement strategy with China that America has pursued for decades has failed. Embracing China with free trade and investment flows was designed to produce growth, which would in theory spawn greater political liberalization and foreign policy moderation. It did the opposite. As China has grown richer it has only grown more aggressive abroad, more repressive at home, and more determined to replace America as the world’s pre-eminent power. Rather than liberalizing China, engagement has empowered America’s principal adversary and exposed the U.S. economy and its citizens to predatory Chinese policies that have harmed their livelihoods, security, and prosperity. To ensure that America does not abdicate its natural advantage in the energy sector and voluntarily remain trapped in China’s green energy handcuffs, it must advance and implement policies that protect the U.S. and reduce U.S. reliance on China’s economy. The Biden-Harris renewable energy and electrification policies make America dependent on China, thereby handcuffing the U.S. to the Chinese Communist Party. The stated rationale for the dangerous policies is that fossil fuels are causing climate change and that their consumption must be forced to end. These policies weaken America, disproportionately hurt the poor, farmers, and small businesses, and should be a top priority for repeal by the next Administration.

China’s 'New Three' Take Off, But Where To? https://bit.ly/49TxM19 China’s clean energy manufacturing boom has turned its main components — EVs, lithium-ion batteries and solar panels — into the country’s “New Three,” replacing its “Old Three” engines of development: furniture, clothing and appliances. This new energy leap is not only propelling China's energy transition forward; it also offers its economy a much-needed lift. But overcapacity looms, and Beijing is resorting to old tactics to keep the momentum going: exporting surplus. Finding willing markets for its products may be harder than in the past... Learn more >> https://bit.ly/49TxM19 #China #cleanenergy #newenergy #electricvehicles #batteries #batterystorage #renewableenergy #energytransition #tradepolicy #geopoliticalrisk

Back in the mid aughts, while doing research for our first book #TheCleanTechRevolution, Clint Wilder and I traveled to #China. We had identified China as one of our 6 C's (major drivers) moving the clean-tech sector forward (the others were Costs, Capital, Competition, Consumers, and Climate). Not to get into the weeds, but China’s 10th and 11th Five Year Plans (2000-2005, 2006-2010) were the first to include goals for renewable energy development. Fast forward to today, and China now leads in the #manufacturing and #deployment of such key industries as #electrolyzers, #solar, #wind, #electricvehicles, and #energystorage. The following article in today's The New York Times highlights just how far cost reduction and mass deployment of #cleantechnologies has come in China and the issues it's having on global policies and plans. Worth the read. #JanetYellen Clean Edge https://lnkd.in/dhfTwxaX

Check out the insightful commentary on China's energy sector from our Executive Director, Calvin Quek, in the Financial Times 🗞️ !

Governments around the world have staked serious financial and political capital on efforts to re-shore clean tech and reduce their dependency on China. How realistic is this? How much will it cost? And does China’s dominance really matter? Read our view in #TheEdge: https://okt.to/Yp0Ao4

The West needs China for clean energy. It will pay a price to break free Summary: The United States and Europe are intensifying efforts to reduce their reliance on China for clean energy technologies, such as electric vehicles (EVs), solar panels, and wind turbines. While China remains a dominant player in these sectors, accounting for a substantial portion of global investment and production, Western governments are implementing protectionist measures, including tariffs and subsidies, to foster domestic manufacturing and safeguard local industries. China’s control over critical minerals and clean energy supply chains presents a dilemma for the West. While dependence on Chinese technologies has enabled rapid advancements in green energy, it has also created vulnerabilities similar to Europe’s overreliance on Russian gas. The West's drive to reduce this dependence could slow the global energy transition and increase costs for businesses and consumers. Experts warn that tariffs and other protectionist measures could hinder the adoption of green technologies, potentially delaying the shift to clean energy and exacerbating climate change. They advocate for a balanced approach that focuses on diversifying supply chains, investing in innovation, and maintaining access to critical minerals from multiple sources. As the competition for dominance in the clean energy economy heats up, the West faces the challenge of reducing its reliance on China without compromising the speed and affordability of its energy transition. This delicate balance will be crucial in meeting global climate targets and ensuring energy security. #CleanEnergy #Sustainability #China #EnergyTransition #RenewableEnergy #GreenTech #TradePolicy #EnergySecurity #ClimateAction #EVs #SolarPower #CriticalMinerals #GlobalEconomy https://lnkd.in/g9xfpG4P

https://lnkd.in/guR7nciD fascinating statements delivered of which one in particular seems funny but true to some extent ! I.e., Other Jurisdictions reliance on China for their successful Energy Transition, yet suggesting China is not delivering enough to decarbonise its economy!