China Briefing, a leading source of news and analysis on China’s economy and business environment, has released its June 15, 2023 edition, which covers updates on China’s CBAM dispute, new energy achievement, and extreme heat.
The first topic covered in the edition is China’s CBAM dispute. CBAM, or Carbon Border Adjustment Mechanism, is a proposed policy by the European Union that would impose a carbon tax on imports from countries with weaker climate policies. China has been one of the most vocal opponents of the policy, arguing that it is discriminatory and violates World Trade Organization rules.
According to China Briefing, the dispute has escalated in recent weeks, with China threatening to retaliate with its own carbon tax on European imports. The article notes that the dispute is likely to have significant implications for global trade and climate policy, as other countries may follow the EU’s lead in implementing similar measures.
The second topic covered in the edition is China’s new energy achievement. The article notes that China has made significant progress in transitioning to renewable energy sources, with renewable energy accounting for over 40% of the country’s electricity generation in 2022.
The article highlights several key achievements, including the construction of the world’s largest solar power plant in the Ningxia region and the development of a new generation of wind turbines that are more efficient and cost-effective.
The article also notes that China’s transition to renewable energy is not without challenges, including grid integration issues and the need for continued investment in research and development.
The final topic covered in the edition is extreme heat. The article notes that China is currently experiencing a heatwave, with temperatures reaching record highs in several regions. The article highlights the health risks associated with extreme heat, including heat stroke and dehydration.
The article also notes that extreme heat can have significant economic impacts, including reduced productivity and increased energy demand for air conditioning.
Overall, the June 15, 2023 edition of China Briefing provides valuable insights into some of the key issues facing China today, including its ongoing dispute with the EU over CBAM, its progress in transitioning to renewable energy, and the challenges posed by extreme heat. As China continues to play an increasingly important role in the global economy and climate policy, staying informed on these issues will be essential for businesses and policymakers alike.
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