Skip to main content

#Business: Alignment with the energy transition



Commenting on the draft energy strategy, Li Junfeng, head of the National Centre for Climate Change Strategy at the National Development and Reform Commission (NDRC), said that the AIIB should align itself with the global trend towards clean energy. “The World Bank basically doesn’t invest in coal power in China,” he pointed out.

Li said that the AIIB should prioritise renewable energy investments over fossil fuels, particularly in countries currently using little coal and where there may be less resistance to the deployment of renewables. He argues that the AIIB should only give "appropriate" consideration to coal investments using “clean” technology. But Yang thinks value for money needs to be considered, too. Despite falling costs, renewables are typically more expensive to deploy than fossil sources, and often only provide power for domestic and smaller industrial users – not all of Asia’s industry and development needs. Even in China, non-fossil sources of energy will account for only around 20% of primary energy by 2020.

According to Yang, the AIIB’s energy investments should be inclusive and show foresight. He argues that alongside coal investments, the bank needs to facilitate the transfer of renewable energy technology so that when Asian nations are ready to transition toward clean energy, they can expand the use of renewables.
Labels:

Comments

Post a Comment

Popular posts from this blog

#Healthwire: Castor oil.

 Another possible solution to your wart problem is to rub castor oil on the wart. The oil can help moisturize the skin until the wart breaks apart and disappears.
5 comments
Read more

#Healthwire: Tea tree oil.

When it comes to skin problems, don’t forget to use tea tree oil. This essential oil is quite effective in curing skin disorders because of its antiviral as well as antiseptic properties. Applying diluted tea tree oil on the skin can solve oily skin problems and it can also help kill off the warts growing on your skin. Using undiluted tea tree oil is not recommended as it is quite strong but mixing it with carrier oil like almond or olive oil can be rewarding especially when it comes to removing warts.
Post a Comment
Read more

#Religion: Congratulations, American “missionaries.” This is the fruit of your heresy in Chiapas.

The unifying theme between both of these stories is the propagation of heresy. Heresy throughout Christian history is traditionally punished severely because it propagates false ideas about the nature of God and His revelation. I speak not of mere disciplinary disagreements, or cases when charges of heresy were falsely used to silence public criticism since both are sins and there are many examples of people abusing this for their own ends. What I speak of are clear cases of heresy, such as Arianism. Arianism is the heresy that Jesus is a superman but not God. Spread originally by the Libyan priest Arius, his heresy infected 75% of all Christians and 80% of bishops. Coming at the dawn of the 4th century, Arius’ teaching endured for centuries after his death and provided the basis for Islamic theology’s denial of Jesus’ divinity. Arius the heretic being devoured in hell while Melchizedek the righteous looks on. But if he were alive today, Melchizedek would be called an “intoleran...
Post a Comment
Read more