China

China has unveiled an action plan on the green development of data centers, specifying a set of targets to accelerate the low-carbon transition of the sector. By 2025, the average power usage effectiveness (PUE) of data centers, a metric for energy efficiency, will be lowered to less than 1.5, according to the plan jointly issued on Tuesday by the National Development and Reform Commission, the Ministry of Industry and Information Technology and two central government agencies. The plan also aims to increase the utilization rate of renewable energy in data centers by 10 percent annually. As an important infrastructure for development of new quality productive forces, data centers are among the sectors where energy use grow rapidly in China. It is expected that data centers’ power usage in the country will climb by 15 percent annually. The action plan proposed that by the end of 2030, data centers across the country will see their average PUE, and ener...

China’s atmospheric environment monitoring satellite and terrestrial ecosystem carbon monitoring satellite have been officially put into operation, the China National Space Administration (CNSA) said on Thursday. During their in-orbit testing, the satellites demonstrated favorable application results across multiple areas, including ecological environment, forestry and grassland, geographic surveying, meteorology, agriculture and emergency disaster response, according to a CNSA official. The two satellites will provide crucial data to effectively address global climate change and support China’s goals of achieving carbon peak and carbon neutrality. The atmospheric monitoring satellite is the world’s first to utilize active laser detection, employing a combination of active laser, hyperspectral, multispectral and high-precision polarization techniques for comprehensive observation, according to the CNSA. It is capable of conducting extensiv...

On a recent research trip to China, I wandered through the Oasis Mall in suburban Shanghai. Like many Chinese shopping centers, this complex was filled with empty stores that reflected the end of China’s 30-year-long economic expansion. But there also were surprises. Along a stretch of the mall’s interior walkway, a cluster of parents and grandparents sat on chairs. They were looking through a plate glass window, watching a dozen 5- to 7-year-old girls practice ballet steps, carefully following their teacher’s choreography. A space initially designed for retail had been turned into a dance studio. From 1990 through 2020, large, shiny shopping malls embodied China’s spectacular economic growth. They sprouted in cities large and small to meet consumer demand from an emerging middle class that was keen to express its newfound affluence. These centers look familiar to American eyes, which isn’t surprising: U.S. architectural firms built 170 malls in Ch...

The story of renewable energy’s rapid rise in Latin America often focuses on Chinese influence, and for good reason. China’s government, banks and companies have propelled the continent’s energy transition, with about 90% of all wind and solar technologies installed there produced by Chinese companies. China’s State Grid now controls over half of Chile’s regulated energy distribution, enough to raise concerns in the Chilean government. China has also become a major investor in Latin America’s critical minerals sector, a treasure trove of lithium, nickel, cobalt and rare earth elements that are crucial for developing electric vehicles, wind turbines and defense technologies. In 2018, the Chinese company Tianqi Lithium purchased a 23% share in one of Chile’s largest lithium producers, Sociedad Química y Minera. More recently, in 2022, Ganfeng Lithium bought a major evaporative lithium project in Argentina for US$962 million. In April...

Over the past two years, a drumbeat of calls for reforming the World Bank has pushed its way onto the front pages of major newspapers and the agenda of heads of state. Many low- and middle-income countries – the population the World Bank is tasked with helping – are falling deeper into debt and facing growing costs as the impacts of climate change increase in severity. A chorus of critics accuse the World Bank of failing to evolve to meet the crises. The job of leading that reform now falls to Ajay Banga, an Indian American businessman and former CEO of Mastercard who was nominated by President Joe Biden to replace resigning World Bank President David Malpass. Banga, the only candidate for the job, was confirmed by the World Bank’s executive directors on May 3, 2023. His five-year term as president begins on June 2. Ajay Banga is a former Mastercard CEO, past chair of the International Chamber of Commerce and an Amer...