African solar energy use is surging, with Chinese-made panels a common sight across the continent, on rooftops and in the massive renewable energy plants being built in countries such as Algeria and South Africa by companies from China. Advertisement An Oxford Economics study released on Monday showed the continent welcomed a record 9,516 megawatts worth of Chinese-made solar panels in the first seven months of this year, from just 6,625MW in the same period last year. The trend reflects how Africa is increasingly turning to solar energy for homes and…
Day: September 24, 2025
China announces plan to cut its greenhouse emissions by 7 to 10%
China, currently the world’s largest emitter of greenhouse gases, has announced it aims to cut its emissions by 7-10 per cent by 2035. Advertisement In a video address to the United Nations high-level climate summit on Wednesday, Chinese President Xi Jinping told his fellow leaders that China will finally reduce the emissions of the gases that cause global warming and extreme weather. “Green and low-carbon energy and development transition are the trend of our era,” proclaimed Xi. The announcement comes at a time when the US is rolling back on…
US reaffirms India as China counterweight despite trade rifts, Pakistan concerns
India remains a democratic counterweight to China in the Indo-Pacific region, a senior US State Department official said on Wednesday, dismissing any suggestion that sharp bilateral disputes over trade had fundamentally changed that position for US President Donald Trump’s administration. Advertisement “Absolutely still see India as a critical partner in the Indo-Pacific,” the official said, suggesting India is the “indo” in Indo-Pacific and adding that ties with New Delhi remain strong. The official noted that the US Secretary of State Marco Rubio’s first engagement after he was sworn into office…
China’s Xi sets out conservative climate goal for next decade
Stay informed with free updates Simply sign up to the Climate change myFT Digest — delivered directly to your inbox. China’s President Xi Jinping has set out conservative targets for emissions cuts from the world’s second-largest economy while taking a veiled swipe at US inaction on climate change under Donald Trump. In a video address to a UN climate summit, Xi said China would cut greenhouse gas emissions by up to 10 per cent over the next decade, while doubling its wind and solar installed capacity from today’s levels. A…
Xi sets out conservative climate goal for China over next decade
Stay informed with free updates Simply sign up to the Climate change myFT Digest — delivered directly to your inbox. China will cut its greenhouse gas emissions by up to 10 per cent and increase renewable energy capacity six-fold within a decade, President Xi Jinping announced in a new climate plan, along with a thinly veiled swipe at the US. The climate goal was described as “both underwhelming and transformative”, with experts having hoped that the world’s largest emitter and second-biggest economy would set a target at least in the…
Can China’s next 5-year plan restore consumption confidence?
As China drafts its 15th five-year plan – the next entry in a line of expansive blueprints that have set the tone for the country’s development over more than seven decades – we examine how these documents inform and reflect high-level policy priorities, what to expect in the coming iteration and whether it will expand on existing initiatives to boost domestic consumption. Advertisement For more stories in this ongoing series, click here. Five years ago, Joe Zhang was a high-flying analyst at a Beijing-based foreign company. And he was content…
FirstFT: Big banks resume hiring in Hong Kong as dealmaking booms
This article is an on-site version of our FirstFT newsletter. Subscribers can sign up to our Asia, Europe/Africa or Americas edition to get the newsletter delivered every weekday morning. Explore all of our newsletters here Good morning and welcome back to FirstFT Asia. In today’s newsletter: Hong Kong bank staffing rebounds China opens way to WTO reform India’s polo-playing steel tycoon Big global banks have relocated senior managers to Hong Kong and are boosting teams in response to a surge of stock listings and dealmaking in the Asian financial hub.…
China’s plans to cut emissions too weak to stave off global catastrophe, say experts
China announced its plans for future cuts to greenhouse gas emissions on Wednesday, producing a scathing response from experts who said they were much too weak to stave off global catastrophe. The world’s second-biggest economy is also the biggest source of carbon dioxide by far, and its decisions on how far and how fast to shift to a low-carbon model will determine whether the world can stay within relatively safe temperature bounds. China’s plans are to cut emissions by between 7% and 10% of their peak by 2035 – a…
What China seeks to achieve with the Global Governance Initiative
Eighty years ago, the people of the world won a great victory in the war against fascism. In its wake, the United Nations was born, to “save succeeding generations from the scourge of war, which twice in our lifetime has brought untold sorrow to mankind”, opening a new chapter in global governance. Advertisement Today, though the historical trends of peace, development, cooperation and mutual benefit remain unchanged, a Cold War mentality, hegemonism and protectionism continue to haunt the world. With new threats and challenges emerging, global governance is at a…
The Guardian view on the climate crisis: green energy is booming – but fossil fuels need to shrink too | Editorial
All is not lost, Simon Stiell, the UN’s climate chief, told the Guardian last week. But the latest planetary health check from the Potsdam Institute for Climate Impact Research is a brutal reminder of how close the Earth is being pushed beyond repair. Seven of the nine planetary boundaries are now breached, with ocean acidification added to the danger list. Yet the world has proved that cooperation works: the ozone layer is healing, air pollution controls are working. A decisive test looms at the end of the month, when governments…