Nuclear is back on Australia’s election agenda. Will it reignite toxic ‘climate wars’?

26 seconds ago
Kelly Ng

Reporting fromHunter Valley, New South Wales
BBC Participants march from the State Library to the BHP office during a rally on March 11 2025, marking14 years since the Fukushima nuclear disaster. Protesters march from the State Library to the BHP office in Melbourne opposing nuclear energy and its risks. BBC

Much, colored trains, which are the lifeblood of the Hunter Valley, travel through beautiful pastures to transport stacks of dark rock, which are rarely seen for a while.

This has long been Australia’s fuel state. However, the city, which is a three-hour push from Sydney, is now reluctantly leading the nation’s transition to clean power.

According to Hugh Collins from Muswellbrook,” This city was built around a fuel mine,” so it will be a significant change. I don’t know what will happen”.

Nothing can explain this conundrum as well as the soon-to-be-demolished smokestacks of Liddell strength train, which castle over the rolling hillside outside. One of Australia’s oldest fuel flowers, Linddell, was shut down two years ago. Across the bridge is sister-power place Bayswater, scheduled for pensions by 2033.

According to the Labor government’s programs for a generator almost entirely powered by solar and wind energy, Liddell’s masters want to convert both stations into a clean energy hub.

However, the Liberal-National alliance, which is in opposition, has suggested turning Liddell into one of the nation’s seven nuclear power plants. Now banned, nuclear is the controversial centrepiece of the Coalition’s clean electricity program.

BBC/Mridula Amin Liddell Lake with the power station in the backgroundBBC/Mridula Amin

Nuclear has previously irked Australians because they were afraid to plant nuclear plants in their figurative backyards. But with the Coalition plugging it as a low and reliable alternative to match solar, interest is growing.

Each group has vowed that their fantasies are the best way to accomodate Australia’s commitment to net zero emissions by 2050 and lower rising electricity costs ahead of the vote on May 3.

However, some people fear that the state will go back in time as a result of this renewed discussion about Australia’s power future.

Terrible arguments over culture change had plagued American politics for years– but the approaching Labour government previous election declared that era was around.

Then experts worry that the so-called” climate wars” are back, which could put off the urgent emissions reduction effort that the world has been pleading for years.

No matter what happens with the poll,” I don’t believe peace may be declared,” says Tony Wood of the Grattan Institute think tank.

Smaller town, great discussion

How significant a contributor fuel has been to the Hunter area is difficult to overstate.

Newcastle, the largest city in the area, bid farewell to Australia’s initial product export in 1799 with a delivery of coal. Today it is home to the world’s largest coal port, with A$ 38.6bn-worth ($ 26.8bn, £18.9bn ) passing through in 2023.

About 52, 000 people in this area rely on coal mines, energy plants, or other supporting companies for their lives.

The area has historically been a Labor redoubt, consisting of only a small number of political seats. But in recent years districts like Hunter and Paterson have been faltering, and the Coalition is banking on its perception of a nuclear-powered potential to get over these essentially blue-collar components.

It claims that nuclear plants may offer a similar amount and range of jobs as the coal-fired strength stations they’re going to replace and that the first atomic plant can be operational by 2037.

On the campaign trail, opposition leader Peter Dutton said,” I think people in the Hunter and elsewhere, to be honest, realize that these jobs go if there isn’t a substitute market for fuel.

While nuclear energy has been part of the energy combination in many countries around the globe for years, this is unknown place for Australia.

The single nuclear facility in the nation, located in Lucas Heights in Sydney, is used for clinical studies.

Nuclear has been prohibited at the national level since the late 1990s. If the Coalition wins the election, it may encourage parliament to reverse that, but persuading says to waste their own prohibitions on nuclear may not be so easy. In four of the five state where nuclear plants are proposed, officials have explicitly rejected doing so.

Critics also contend that the Coalition’s claims about time and money are impossible given the need to educate workers, create regulations, and create the infrastructure. Some have accused it of just trying to improve the use of fossil fuels- the aged coal plants will have to work for long to plug the power space.

That wouldn’t be so terrible from the standpoint of Mr. Collins. He claims that because I work in the fuel business, I want to work for as long as possible.

BBC/Mridula Amin Local Hugh Collins outside shops on the main street of MuswellbrookBBC/Mridula Amin

But he understands the need to “embrace” cleaner sources of energy. Despite the fact that” all have their position,” he is particularly serious in nuclear power.

He says there may have been some frightful theories surrounding nuclear power, but technology has advanced significantly since then, citing fatal tragedies like Fukushima and Chernobyl in 1986.

But people in Muswellbrook are convinced the need for work in the region does not exceed the “risks” of radioactive.

” Liddell’s closing resulted in a few jobs being lost, but I don’t believe that really had an impact on the community.” Nuclear technology is dangerous, says 25-year-old Chloe.

Another shop owner just says “it’s not going to transpire”.

” We don’t have the tech to construct it,” he said. We didn’t manage it, he claims. ” We’re always going to have to burn coal, I believe”.

The subject obviously causes strong emotions. Many of the persons present are reluctant to be identified or photographed, but many are more than happy to share their views with the BBC. ” Our community group is ruthless”, one woman explains.

However, it is Labor’s renewables strategy that is stoking heated discussion elsewhere in the Hunter area.

Australia’s electricity is currently supplied by 46 % of renewable energy, and Labor wants to increase that percentage to 82 % by 2030. As weather is unpredictable, this program may be backed up by batteries and oil, it argues.

Australia must be optimistic. According to Prime Minister Anthony Albanese,” we may be positive that we can become a power for the world,” adding that “every region of the nation” may benefit from this perspective.

Ben Abbott is one of those sceptical by these strategies.

Reuters/Mridula Amin Ben Abbott and colleague John Hamilton (right) hold up a banner protesting plans to build offshore wind turbines near Port StephensReuters/Mridula Amin

” We are no power experts. But where we will place our hat into the band is when it concerns where we live. We are aware of the issues facing them, according to Mr. Abbott, chairman of No Offshore Turbines Port Stephens.

A 1, 854 m ( 20, 000 ft ) area between Newcastle and Port Stephens, which is known for its whale-watching and game fishing, is considered to be Australia’s second offshore wind zone.

Mr Abbott’s party is concerned that the construction and operation of wind turbines did harm marine life– though scientists say more research is needed – and significantly affect tourism.

He also claimed that Labor was running a “scare campaign” against nuclear power.

Some members of the party have savaged the nuclear pitch of the party by posting memes that feature the beloved cartoon Blinky Bill with three eyes, among others.

” I’d like to learn more about it from an impartial point of view, not as a political issue”, Mr Abbott says.

BBC/Mridula Amin Transmission towers stand in front of the decommissioned Liddell power station in MuswellbrookBBC/Mridula Amin

On the other hand, some have also accused the Coalition of profiting from concerns about wind farms. Billboards along the way to Port Stephens claim that only their neighborhood candidate will” stop Labor’s offshore wind farms” ( Stop ).

There is also concern that local anti-renewables movements are being driven or backed by people who outright reject climate change, as a tactic to delay the country’s turn away from fossil fuels. According to Guardian Australia, that includes the Saltbush Club, a group of the country’s most prominent and powerful climate change deniers.

According to Mr. Abbott, there are other reasons why Port Stephens is a campaign. ” None of us are against renewables”, he says, noting that he agrees with the commitment to net zero.

Conversations taking place in the Hunter region are also having an impact on a national level.

According to polls, the country is still divided on the best course of action, with only 40 % of the population supporting nuclear development and the other half voicing opposition or undecision.

For every argument from each side of the debate, there’s a point to counter it on the other.

Both parties have been using cost-of-living relief to appeal to the nation more broadly, but both have been abusing the jobs created for the communities that host their energy infrastructure.

However, depending on who you ask, the price tag on each of these plans varies.

Labor has for years said a grid dominated by renewables would cost A$ 122bn, and has dangled energy bill rebates and discounts on solar home batteries as part of its pitch.

However, the Coalition claims that their plan is half the price and that it will cost at least five times more. They have also promised lower electricity bills using nuclear.

Australia’s national science agency, though, says they estimate electricity generated from nuclear reactors will cost twice as much as renewable energy, even after accounting for their longer lifespans.

Jasmin Diab Jasmin Diab, wearing a white helmet and orange blouse, at the Tellus Holding Hazardous Waste Facility in Western AustraliaJasmin Diab

According to professor of environmental economics Frank Jotzo, the Coalition’s promises can only be tested for a very long time in the future. ” Given that Australia runs on three-year terms of government, they will not be under pressure to deliver”, he says.

Mr. Wood, a representative for the Grattan Institute, believes that the Coalition is using nuclear energy as a political weapon, noting that Australia has seen bipartisan support for renewable energy for at least the past ten years.

They required a distinction, they said. And nuclear met the objective”, he says.

Both point out that Labor claims it is on track to meet Australia’s 2030 emissions reduction target while the Coalition has already indicated it may abandon it if it wins government.

” The introduction of the nuclear proposal would present a Coalition government, majority or minority, with very significant challenges. I suspect we would see an escalation in the climate war”, Mr Wood said.

However, nuclear advocates are frustrated that this is not even an option.

Although Australia has a lot of solar and wind resources, they are intermittent, according to nuclear engineer Jasmin Diab. Nuclear is more reliable and facilities last twice as long- so she argues an “ideal energy mix” would be heavy on renewables with a “backbone built on nuclear”.

“Labor’s position prevents Australia from making use of what’s going to be an important source of energy in the future,” said nuclear law expert Helen Cook. She points to countries across the world already benefiting from nuclear energy, such as the US and Canada, and several others at least studying it, including Indonesia.

BBC/Mridula Amin Hunter Jobs Alliance coordinator Justin Page, sits on the dunes at Newcastle BeachBBC/Mridula Amin

But Justin Page, from the Hunter Jobs Alliance, argues the Hunter doesn’t have time to opt for the Coalition’s “fundamentally flawed” plan.

According to him, the region is on the cusp of transitioning to renewable energy, with wind projects projected to result in about 3, 000 jobs.

He claims that going nuclear will require a” starting off” and cost too much. ” It will be ridiculous to change courses now”.

Many people in the Hunter claim to only want certainty.

Instead of using such a serious issue for electioneering, one Newcastle resident says,” the best plan will be for the two parties to come together and come up with a credible, realistic, and deliverable plan.”

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China should seize the climate change leadership crown – Asia Times

Under its” America First” method, the next Trump administration has made a number of anti-climate plans public. The US’s status will be undermined by breaking the Paris Agreement, starting a business war, shutting down USAID, and expanding drilling for oil and gas, as well as by compromising the US’s ability to combat climate change globally.

New leadership is desperately needed in the US, where the US is renouncing its commitment to climate change, and Europe is preoccupied with safety issues. China might be able to bridge this void.

The nation is already the market leader for most spotless technologies, and its top leaders believe that climate change will help it fulfill its role as a main power. At a new closed-door meeting of heads of state convened by the UN secretary general to explain the climate crisis, Xi Jinping reiterated this statement.

After accepting the Trump-initiated shock of the global economy, Xi declared that China” may overcome the headwinds and gradually advance world weather governance.”

Beijing has first enhance China’s domestic policies as well as its support for climate actions in the Global South in order to take on this management. The nation’s clean energy progresses extraordinary, and its carbon emissions may reach their highest level this time.

However, more than 60 % of the nation’s electricity still comes from fuel, and it’s not clear how quickly the government intends to phase out fossil fuels. Some municipal governments are still issuing permits to add new coal-fired energy crops.

Coal in huge piles with big excavators
Fuel store in Ningbo, China. Photo by Alex Tao Wang / instagram via The Chat

China may demonstrate its commitment to climate change almost right away, and it can rekindle global support for the Paris Agreement. First, it needs to make very ambitious pledges to reduce its emissions for the upcoming decades in preparation for the UN climate conference ( COP30 ), which will take place in Belem, Brazil, in November.

China was one of the many nations that missed the February deadline ( only 15 of its members arrived on time ). Beijing’s approach has been to “wait and see” so far in light of the turmoil brought on by the fresh Trump presidency.

What promises does China ultimately make does have a significant impact on global ambition. A lofty goal may result in a reduction of at least 30 % of its emissions below their peak. If the nation can continue to advance in renewable energy, this is still possible.

Despite the missed deadline, Beijing is making some encouraging sounds. Xi stated at a new high-level meeting that all financial sectors and greenhouse gases may be covered by China’s upcoming emission reduction targets, which will be implemented through 2035.

In contrast to China’s previous vows, which only covered carbon monoxide ( China is the world’s largest emitter of the powerful greenhouse gas methane, for example ) and did not incorporate national goals into specific sectoral policies, this will be a significant improvement.

In subsequent international discussions, China has also played a significant role in closing the gap between developed and developing nations. This was particularly true of the new international climate finance target conversations held at COP29 last year in Baku, Azerbaijan.

In this perspective, climate finance refers to providing resources to developing nations to help them lower their emissions and adapt to climate change. China is still a developing nation under the UN’s culture change convention, and as a result, it is not legally required to provide global climate finance.

Despite this, it has already contributed to the funding of climate action in developing nations, including fresh strength and disaster recovery, with a goal of raising US$ 24 billion. According to some estimates, it is the fifth-largest donation of climate finance worldwide.

Beijing needs to be more open to the public about where its money comes from and how tasks are funded for this purchase to have a long-term effect. Additionally, it should involve more native people in the planning and funding of the tasks it funds.

Transformation the operating program

China may also play a significant role in transforming the world financial system to bring it in line with the Paris Agreement.

As a strong supporter of natural financing, it has a significant impact on upcoming global conferences like the UN’s negotiations on global tax assistance, as well as the Financing for Development event in Seville. China also has the chance to drive for more funding to support online zero as co-chair of the G20’s green finance working class.

China is in a special position to supply renewable energy, batteries, electric cars, and many other fresh systems economically, and is by far the biggest producer of them all.

Many developing nations don’t have the knowledge or basic equipment to make the most of these products despite having already exported a lot of them ( for instance, solar farms are only useful if you don’t have a device that can store the energy they generate ). China may help solve this by working with other world South governments to develop technologies and engage in manufacturing.

China has the chance to take action now that the world climate management is in danger. The nation is well-positioned as an emerging powerhouse with benefits in clean technologies and a leadership that just reaffirmed its commitment to climate change. The world is watching to see if China may following suit.

University of Bath associate professor of global growth Yixian Sun

The Conversation has republished this essay under a Creative Commons license. Study the article’s introduction.

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India’s energy policy stuck between renewables and fossil fuels

DRIVE INDIA GLOBAL OIL DEMAND GROWTH

According to the Economist Intelligence Unit, India’s use of crude oil is projected to increase to 372 million tonnes of oil parallel in 2033, a 40 % increase over that of 2023. &nbsp,

This may make the nation the largest contributor to the development of global oil demand over the next ten years. &nbsp,

However, the Indian government does not believe that its fuel interests conflict with its transition to clean energy. &nbsp,

According to experts, renewable energy is still only being used in certain sectors of the economy, such as transportation. Additionally, it is unable to address the nation’s growing energy demand in the near-to-medium name.

According to InSolare Energy’s Bhatt,” It’s a long-term answer.” &nbsp,

” We may claim tomorrow that we will stop importing oil and gas. That is a possibility, he continued. &nbsp,

” It will eventually occur. In truth, India wants to have its population at or near zero by 2070, which is about 50 years away.

India’s full renewable energy capacity increased by 16 % to roughly 210 gigawatts by the end of last year.

However, researchers also believe there is still a long way to go in the government’s goal of 500 kwh by 2030. &nbsp,

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FinanceAsia Awards 2025 — open now | FinanceAsia

The FinanceAsia team is delighted to open submissions to the 29th edition of our annual flagship Awards, the FinanceAsia Awards 2025, which recognise the best banks, brokers, rating agencies, consultants, law firms and non-bank financial institutions across the region.

In 2024 markets grappled with significant challenges, including higher than expected interest rates, a slow Chinese economy and several high-profile elections.

On a more positive note, the year saw a number of large M&A deals, IPOs and bond offerings, with markets such as India and Japan performing particularly well. A combination of new technology, such as artificial intelligence (AI), data centres, and the drive towards net zero, will continue to be seen as key investment opportunities in the region.

The FinanceAsia team is once again inviting market participants to showcase their capabilities when supporting clients. We want to celebrate those institutions that have shown a determination to deliver desirable outcomes for their clients, through a display of commercial and technical acumen.

We look forward to meeting the winners and highly commendeds at the FinanceAsia Awards Ceremony in June.

Enter now here: https://bit.ly/3Ptn5KA.

Key Dates

Launch date: January 14, 2025

Entry and submission deadline: February 27, 2025

Winners announced: Week of April 7, 2025 

Awards ceremony / gala dinner: June 26 

Eligibility period: All entries should relate to acheivements from the period January 1, 2024 to December 31, 2024 


¬ Haymarket Media Limited. All rights reserved.

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Achieving net zero an economic opportunity and moral imperative: Singapore’s ambassador for climate action

SINGAPORE: Achieving net zero is not just an international obligation but also an unprecedented economic opportunity, &nbsp, Singapore’s Ambassador for Climate Action Ravi Menon said on Friday ( Feb 21 ).

It is also” a moral imperative” to prevent future years, he added.

Mr. Menon emphasized three factors that drive global climate actions: politicians, economics, and nature during his speech at the Temasek Ecosperity Conversations event, which was held in partnership with PwC Singapore.

He warned that “ultimately it is nature that may call the pictures” in the context of the political and economic factors at play.

” The timeline is no set by political cycles or value shapes, it is set by nature”, Mr Menon said.

” Whether we are a country or a company, the longer we delay action, the more disorderly the transition will become for us” .&nbsp,

Former head of the Monetary Authority of Singapore, Mr. Menon, described international political advancements on the environment front as “more negative than good.”

Recent political developments in the US” evidently posed challenges for weather motion”, he said, noting the land ‘s&nbsp, departure from the Paris Agreement for a second time and President&nbsp, Donald Trump’s claim to increase oil and gas production.

According to Mr. Menon, “political developments in the US are a distinct step backward for climate activity.”

According to Mr. Menon, political support for climate change has decreased in various nations, citing how environmental issues have taken a backseat in Europe as a result of voters ‘ worries about the war in Ukraine and concerns over rising living costs.

Because of the place taken by the US,” we don’t rule out some nations lowering their climate interests,” said Mr. Menon.

He pointed out that only 13 out of 195 governments had completed their 2035 climate commitments by the UN’s February 10 date. Singapore was one of the 13.

It’s still to be seen if those who haven’t pledged to act on climate change may back down, he said.

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How China-Russia can seize the climate action lead – Asia Times

China and Russia have developed a more significant relationship that goes beyond their conventional military and economic ties as Moscow’s loneliness from the West grows and Beijing’s great power rivalry with Washington intensifies.

While both powers maintain that they are not formal allies, their proclamation of a” no limits” partnership with” no forbidden areas” has crystallized into what Western observers view as a de facto alliance, particularly in the wake of Russia’s 2022 invasion of Ukraine.

The evolving China-Russia relationship encompasses wide-ranging collaboration that encompasses many cross-cutting areas. Climate change is cited as the defining issue of the 21st century among which both nations have pledged to address it up.

Russia adopted a National Security Strategy in 2021 that directly addresses climate change and incorporates the idea of natural protection. This commitment to climate change has been strengthened by following diplomatic announcements, with particular emphasis on plans to improve cooperation in renewables and weather action.

In a joint statement signed by China and Russia in 2024, it was committed to intensify bilateral investment in low-carbon areas, including solar power and carbon markets.

Some critics point out that meaningful collaboration is somewhat excluded from their bilateral agenda despite their linguistic commitments to weather collaborations. The 2024 China-Russia Joint Statement tellingly emphasizes “deepening” participation in conventional power areas, such as natural gas, petroleum, and oil refining, while simply suggesting the possibility of “developing” cooperation in emerging areas like carbon markets and solar power.

This gap is more evidenced in the 2024 book on diplomatic opportunities, published by the Russia-China Investment Collaboration Committee. While references to regular “power generation” appear sixteen times, specifically in the framework of natural gas projects, terms like “green” and “low carbon” collect only brief mention.

Beyond reasonable proposals for gas and acid development, the handbook’s power and miners section is generally devoted to fossil fuel projects. However, 2024 customs statistics shows that Russia has become China’s top crude oil and natural gas provider, with fossil fuel surpassing climate-related merchandise exports.

The slow progress in China and Russia’s bilateral climate cooperation is alarming. As the world’s largest and fourth largest carbon emitters, both nations have pledged to achieve net-zero emissions by 2060.

However, they continue to invest in infrastructure that uses fossil fuels, which could undermine global confidence. It detracts economic resources from incentives for renewable energy and sustainable infrastructure, and it prevents the transition to net zero from other developed nations.

Other significant emitters are required to uphold their commitments, as evidenced by the US’ stunning withdrawal from multilateral climate agreements under the second Trump administration. China and Russia have a chance to take a bigger part in shaping the global climate transition in this leadership vacuum.

Both nations must, however, turn diplomatic rhetoric into concrete action, set forth precise deadlines for climate projects, and reduce their extensive fossil fuel collaboration in order to gain credibility as leaders of the world.

Several sectors offer promising pathways for meaningful climate cooperation between the two nations, including hydrogen development, carbon market integration, and critical minerals partnerships.

Hydrogen infrastructure development

In a wide range of applications, from transportation fuel sources and energy storage medium to feedstock in industrial processes like steelmaking, hydrogen has enormous potential as a clean alternative to fossil fuels.

In contrast to fossil fuels, hydrogen does not release carbon dioxide when burned. However, its climate benefits are reliant on low-emission production techniques. Hydrogen produced with water electrolysis using renewable power can be completely emission-free, but its exorbitant costs remain a significant hurdle for large-scale commercialization.

Blue hydrogen refers to hydrogen that has been produced from natural gas and has carbon capture and storage facilities. Although blue hydrogen is currently receiving criticism, it has been viewed as a less expensive, more acceptable compromise before the costs of green hydrogen start tolerable.

Enhancing joint investment in the hydrogen industry aligns with China’s and Russia’s strategic advantages. Russia is well-suited for producing and transporting blue hydrogen due to its abundant natural gas reserves and extensive pipeline infrastructure.

Gazprom’s current pipelines already have up to 20 % hydrogen in them, with upgraded infrastructure capable of up to 70 %. This potential is essential to Russia’s ambitious strategy of capturing 20 % of the global hydrogen market by 2035. Europe is undoubtedly a major source of Russian hydrogen, but European sanctions against Russian exports following Russia’s invasion of Ukraine have made this adversity unlikely.

Along with its position as the world’s top producer of renewable energy, China adds its technological expertise in hydrogen production and storage to these assets. The two nations should make joint R&amp, D and investment in CCS technologies in their national hydrogen industry strategies in order to increase the benefits of blue hydrogen’s emission reduction.

Beyond the contentious blue hydrogen, the partnership could use China’s renewable capacity to produce green hydrogen for transportation via Russia’s extensive pipeline network, potentially lowering production costs significantly.

Hydrogen is notoriously challenging to transport and store. Russia needs to develop its energy infrastructure along their shared border to attract China’s hydrogen exports. New dedicated pipelines for hydrogen and ammonia would be necessary in addition to the already existing natural gas pipelines.

The expansive, underdeveloped regions along the Sino-Russian border offer ideal testing grounds for innovative hydrogen infrastructure. These areas could host integrated hydrogen hubs combining production, storage, and diverse end-use applications, establishing replicable models for hydrogen ecosystem development.

The partnership might have the power to influence global standards beyond just physical infrastructure. Joint research into pipeline materials that are best suited for hydrogen transport and advanced liquefaction techniques could establish new standards for safety and effectiveness.

Such technical cooperation would advance both nations ‘ positions in the developing global hydrogen market while accelerating the development of technology.

Carbon market integration

Another area with strong potential for collaboration is the carbon market. Sinopec and SIBUR’s involvement in China’s Carbon Trading Market is a recent illustration of potential collaboration. Sinopec, the largest integrated petrochemicals company in Russia, is a shareholder of Sinopec, which also has the second-largest carbon emissions reduction projects in the nation.

SIBUR will become the first Russian company to issue carbon units in an international system since the creation of Russia’s carbon trading system as a result of the project’s registration with the Global Carbon Council system. Five climate projects have been added to the Russian carbon emissions registry system thanks to SIBUR.

On top of that, these projects are anticipated to reduce total CO2 emissions by 7.5 million tons over the course of ten years. As long as appropriate validation systems and high standards are established, SIBUR’s relationship to Sinopec opens up opportunities for entry into the Chinese carbon trading market.

The potential for further collaboration in carbon markets is still largely untapped despite these initial efforts to promote cross-border carbon trading. China and Russia could develop novel methodologies for carbon valuation that better reflect their national idiosyncrasies rather than simply linking existing systems.

For instance, they could jointly develop new methodologies for valuing natural carbon sequestration, such as Russia’s vast Siberian forest. It is a significant carbon sink hub, and the Russian government is expressing its growing support for monetization through carbon offset. The two countries could also develop novel financial instruments that combine clean technology transfer and carbon credits, making them more appealing investment vehicles for foreign investors.

A second untapped opportunity is the creation of joint carbon accounting standards specifically for international industrial projects. This might include establishing specialized carbon credit categories for emissions reductions achieved through Sino-Russian technological collaboration, particularly in difficult-abating industries like steel and cement production.

These standards could later serve as a model for other developing nations trying to strike a balance between industrial growth and emissions reduction.

Critical minerals

China is rapidly ascending as a global hub for clean technology R&amp, D and manufacturing, particularly in the “new big three” sectors: solar, electric vehicles ( EVs ), and batteries. These important minerals are strategically important because Russia has these key points of China’s clean energy initiative.

Russia is one of the largest copper and nickel reserves in the world, ranking among the top ten for both metals globally. These resources are fundamental to the clean energy transition, especially in transportation.

Copper serves multiple functions in EVs, from battery components and motor windings to charging infrastructure, while nickel is essential for high-energy-density batteries and corrosion-resistant components in wind turbines and solar cells.

As an example of Russia-China collaboration in critical minerals, Nornickel, Russia’s leading metals and mining company, produces 15 % of the world’s best high-grade nickel and is also a global leader in copper production.

The company is pivoting toward the Chinese market to reduce the sanction’s impacts. The company made plans to significantly increase the supply of metals to China and establish joint ventures in copper refinery and battery materials processing in 2024.

Following Russia’s invasion of Ukraine, the US and UK introduced a ban on imports of Russian aluminum, copper, and nickel. Russian metals can no longer be exchanged on the Chicago Mercantile Exchange and London Metals Exchange.

Russian minerals are increasingly important to China’s supply chains, which is partly fueled by growing pressure from the West. Cooperation with Russian producers allows Beijing to diversify its supply chain while allowing Moscow to gain capital and technical expertise for production expansion as the United States pressures allies like Indonesia to impose restrictions on mineral exports to China.

The Shanghai Futures Exchange could become famous as a result of this partnership, which could reshape global metals markets: Western exchanges are currently closed to Russian metals, and it will gain more visibility for setting international benchmarks and encouraging yuan-denominated trading.

Copper and nickel are prominent in current bilateral agreements, but the deepening global climate transition implies that demand for these metals will increase exponentially. Both nations have the potential to quickly increase their mining and refining capacities, potentially outpacing the industry’s traditionally slow-moving one.

The partnership could extend to other strategic minerals, notably palladium, where Russia dominates global production. It is used to connect chips to circuit boards using metal connections. Russia is the world’s largest palladium producer. Through just two projects, Russia controls 40 % of world palladium output, a metal crucial for semiconductor manufacturing.

Climate cooperation leadership

Climate cooperation remains underdeveloped in the ever-growing China-Russia partnership. Some areas, including hydrogen development, carbon market integration, and critical mineral collaboration, offer transformative potential.

The success of their climate collaboration will depend on a number of crucial elements. First, both nations must implement their diplomatic agreements through actionable plans, established procedures, and measurable outcomes.

Second, their cooperation in important minerals and hydrogen infrastructure must go beyond bilateral benefits to contribute to global climate change. Third, their efforts to integrate the carbon market must shift from sporadic initiatives to coordinated efforts that can inspire other developing nations.

Strong Sino-Russian leadership in climate policy could significantly affect the trajectory of global emissions reduction efforts, but only if both countries place long-term climate gains preceding short-term fossil fuel interests.

Chris Zou works for the World Resources Institute ( wri ) as a climate policy researcher. org ) based in Washington DC.

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Data centres in Singapore exploring clean energy options, including nuclear reactors

In Singapore, many businesses are looking into using renewable and gas to meet their growing requirements and reduce carbon emissions.

Some are considering the possibility of nuclear reactors, but business experts claim there is still a way to get before realizing the goal. &nbsp,

For a start, they are pushing for a model that develops technical expertise in the field and handles feasibility studies.

ENERGY EFFICIENCY

Data center technician Equinix, for example, is now implementing a more efficient cooling system to go green with its energy use.

The US-based provider of electronic equipment runs more than 260 data centers worldwide, six of which are in Singapore.

This year, the company will begin using liquid cooling technology in its data centers, which is 3, 000 times more cost-effective for cooling the high-calibride AI Graphics Processing Unit ( GPU) than conventional cooling.

In the future, it is considering the possibility of using small modular nuclear reactors ( SMRs ) to generate power.

” In terms of the Biomarkers, we’ve started to explore planes. I would suggest that it’s budding, and it’s in the study time”, said Yee May Leong, managing director of Equinix Singapore.

” We’re positive that it will be one of the alternative energy options for us in the near future.”

Energy cells, gas, and ammonia are other renewable energy options that the company is looking into.

According to Ms. Leong,” We’ve been working with the Singapore government to find new paths and other green transition energies,” adding that the company is in favor of the Singapore Green Plan, which has goals for sustainability in the country by 2030.

She noted that relationship between the business, power providers, as well as plan makers, is a key success ingredient for efficient energy solutions to be taken on a flexible manner.

WHY SMRs?

Singapore simply lacks the space to make such large amounts of energy, according to observers. Conventional nuclear facilities can do so.

It also takes some 20 years to lay the groundwork for nuclear services, constructing infrastructure and fitting pieces, before it can begin generating electricity.

SMRs, which are constructed at a fraction of the size of a typical nuclear power plant, are another option that can be up and running much quicker.

Business players said the advantages of SMRs include flexibility, lesser cleaning requirements, improved safety features, and the potential for inclusion into Singapore’s small energy system.

” Important, we don’t have the gifts of large land places… where we can put large-scale facilities away from urban areas and protect them from the people”, said Mr Matthew Oostveen, chief technology officer for Asia Pacific and Japan at data storage firm Pure Storage.

Lee Poh Seng, a professor at the National University of Singapore ( NUS), cautioned that the transition to nuclear power is extremely complex. Translation requires overcoming obstacles, including changing community perceptions, which may require education campaigns to foster confidence and address safety and environmental concerns.

Moreover, there will be high initial capital charge, with long lead times for implementation and a need for specialised workplace capabilities.

He claimed that while Singapore has not yet adopted a formal position regarding the use of nuclear energy, it needs to develop an expert framework to evaluate its viability and develop regulatory expertise.

” We will continue to monitor the enhancement for alternatives like SMRs,” said Prof. Lee, who is the program director of NUS’ Sustainable Tropical Data Centre Testbed.

” In parallel, what we can do is continue to address the health issues, the governing problems, as well as the legal problems. But when such options become accessible, we have the required framework to quickly grow the births.

DEMAND FOR GREEN ENERGY

To learn more about the most recent developments in science and technology from British organizations, Singapore and the US have partnered on a nuclear cooperation agreement.

Mr. Oostveen stated that the business anticipates a rise in demand for data backup in Singapore over the upcoming years.

” Big organizations feel very at ease storing both their physical and digital goods in Singapore. It is healthy. It is protected. There is a great deal of skills available to work on these techniques, he told CNA.

The time is running out for the Republic to find a viable renewable energy source that you meet growing computing needs as Singapore looks to increase its data center capacity by more than a third in the near future.

According to Prof. Lee, operators will be forced to adopt green systems and practices because of the government’s emphasis on carbon prices and incentives for ecological practices.

He cited a framework to improve data center sustainability as” The Green Data Center Roadmap amplifies this drive by setting strict goals for energy efficiency and fostering technology across sectors.”

Through these actions, Singapore is laying the groundwork for a resilient energy habitat that reduces dependence on fossil fuels and encourages responsible growth in the data center sector.

He added that continued research into modern energy alternatives, international cooperation, and powerful plan systems may be necessary to achieve net zero emissions by 2050.

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EVM, Solarvest, and PECC2 partner to boost renewable energy in Vietnam

  • Allows for large-scale clean energy to get provided in Vietnam.
  • uses the Direct Power Purchase Agreement to provide EVM with natural light.

EVM, Solarvest, and PECC2 partner to boost renewable energy in Vietnam

Saigon Jim Brother’s Corporation ( EVM), Solarvest ( Vietnam ) Company Limited ( Solarvest ), and Power Engineering Consulting Joint Stock Company 2 ( PECC2 ) have signed an MoU to promote renewable energy in Vietnam via the Direct Power Purchase Agreement ( DPPA ) Mechanism. This collaboration will deliver natural electricity from Solarvest and PECC2 to EVM’s Asian operations, aligning with Vietnam’s Decree 80/2024/ND-CP on DPPA regulation for solar energy generators and big consumers. &nbsp,

Partnership Facts

The parties are utilizing the online DPPA, which gives EVM access to the federal grid’s green energy from a renewable farm. This strategy aims to conquer barriers such as convenience, regulation, financial, and professional challenges. &nbsp,

Jack Tan Qi Jie, worldwide vice president – Sales, Assets &amp, Marketing of Solarvest, highlighted the strategic value of the collaboration:” This collaboration between EVM, Solarvest and PECC2 is more than a collaboration—it’s a proper alignment of expertise and shared values. We are working together to achieve both economic viability and operational efficiency as we address one of the most pressing issues facing today’s organizations. Solarvest brings years of experience in clean electricity growth, with over 1, 300MW of renewable energy projects across Asia-Pacific. We are developing customized solutions that enable businesses to achieve their sustainability goals without sacrificing profitability by combining our confirmed economic models with PECC2’s technical expertise and EVM’s innovative drive. We are excited to be a part of this development as a pioneer and see that The DPPA via National Grid represents an important step in Vietnam’s power change and that it will change its energy sector, policies, and power system operations toward NET ZERO.

Continue reading at https ://oursustainabilitymatters.com/evm-solarvest-and-pecc2-partner-to-boost-renewable-energy-in-vietnam/&nbsp, for the full article as DNA is transitioning our sustainability coverage to a standalone news site.

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