North Korea crisis reveals true nature of Russia-China relationship
Many people seem to believe that China and Russia have a close relationship and can work together to solve issues the United States struggles with. But Moscow’s failure to inform Beijing of a U.S. strike in Syria and Russia’s energy exports to North Korea tell a different story.
China won’t save global climate protection policies
China has made big strides in greening its energy sector. But while some hope this means the country can become a new leader in the fight against global climate change, Beijing’s goals are different. The moves it is making now are aimed at putting China in an advantageous geopolitical position, especially in terms of trade. Moreover, its momentum on the green energy front may not be sustainable.
Risks for China’s energy strategy
China faces three big challenges in its energy strategy: reducing pollution, mitigating the negative effects of climate change and securing overland supply. The country has made huge investments to achieve its goals, but macroeconomic and geopolitical uncertainties could yet derail Beijing’s plans. In the end, China is likely to be successful, but will have to deftly manage its energy policies and alliances.
Germany’s energy policy requires correction
The German government aims to increase the share of renewable energy in the country’s total electric power consumption from some 30 percent today to 45 percent by 2025. This aggressive drive toward Energiewende has already caused serious instability in the country’s electricity generation system and pushed energy prices upward. In the longer term, the policy endangers Germany’s position as Europe’s prime manufacturing nation. Fortunately, citizens have begun to take notice.
China at the center of global energy change
A sluggish world economy and sustained improvement in energy efficiency caused growth in global energy consumption to slow to 1 percent in 2015, well below the 10-year average of 1.9 percent. Taking a closer look, one country stands out: China. Its changing economy shaped the dynamics of global energy last year and this is likely to continue for the foreseeable future.
China’s slowdown could bring environmental benefits
Beijing is eager to use China’s economic slowdown as a means to improve the country’s environment. The slower growth gives the government maneuverability to address some of the country’s most pressing environmental problems. Nevertheless, doubts remain as to whether authorities are truly committed to green issues or are merely saving face. Lacking rapid economic growth to appease the populace, the government must address the other concerns, such as the environment.
China’s growing labor unrest boxes Beijing in
As China’s economy slows down, companies in the steelmaking and coal industries are letting employees go. The government estimates that overall up to 6 million people will lose their jobs. As workers organize and take to the streets in protests, Beijing is bracing for the worst and increases the budget of the state security force.
With India ready for takeoff, Modi pauses over launch button
After his first 18 months in office, during which India’s economic prospects have brightened considerably, 2016 gives Prime Minister Narendra Modi a last window of opportunity for radical new policy initiatives. If he decides on a bold course, it would depart from the incremental approach that has characterized Mr. Modi’s term thus far. ...
Political split could put Mozambique’s gas boom on hold
Even with the collapse of energy prices, Mozambique’s economy appears poised for explosive growth thanks to discoveries of huge offshore natural gas fields. President Filipe Nyusi’s government has committed to much-needed economic and financial reforms. Yet cracks in Mozambique’s political system, especially the failure to incorporate the opposition Renamo party, c...