My Tiny Feed

africa.chinadaily.com.cn

Shenzhen's Green Exchange: A Step Towards Carbon Neutrality

Shenzhen launches a new carbon trading platform to boost China's carbon neutrality goals, addressing challenges in renewable energy adoption with technological solutions.

Read original article in English

English

China

TechnologyClimate ChangeEnergy SecurityRenewable EnergySustainable DevelopmentCarbon Market

Shenzhen Green Exchange (Sge)Chinese Academy Of Sciences (Cas)Cnpc Shenzhen New Energies Research InstituteGuangdong-Hong Kong-Macao Greater Bay Area

Lai GaoyuZhao TianshouZou Caineng

What are the expected economic and environmental impacts of the SGE?: The platform is expected to stimulate investment in green technologies and sustainable practices across various sectors, including energy, manufacturing, transportation, and agriculture. This will contribute to Shenzhen's goal of becoming a model for building a beautiful China and achieving its carbon neutrality targets.
What is the proposed four-part strategy for China's energy transition?: A four-part strategy for China's energy transition is proposed: clean fossil fuels, expanded renewables, coordinated distributed generation, and smart energy management driven by technological innovation. This strategy aims to shift China's energy structure from carbon-based to zero-carbon sources.
What is the purpose of the newly launched Shenzhen Green Exchange (SGE)?: The Shenzhen Green Exchange (SGE) is a new carbon trading platform launched to facilitate the reduction of carbon emissions in the Guangdong-Hong Kong-Macao Greater Bay Area. It aims to create a transparent and efficient market for carbon credits, connecting businesses committed to emission reduction with those seeking to offset their emissions.
How will the SGE ensure the accuracy and trustworthiness of carbon emission data?: The SGE will utilize advanced technology to accurately track and verify carbon reductions, ensuring trust and integrity within the carbon market. This includes a comprehensive system for measuring and labeling greenhouse gas emissions associated with various products and services.
What are the primary challenges facing China's energy transition, and what solutions are being explored?: China's progress toward its green and low-carbon energy transition is lagging behind schedule due to the intermittent nature of renewable energy sources. Solutions like vanadium flow batteries are being proposed to overcome this hurdle by providing long-duration energy storage.

Jan 20, 22:10

Nuclear Energy Poised for Record Growth, but Massive Investment Needed

The International Energy Agency (IEA) forecasts a record-breaking year for nuclear energy in 2025, driven by policy shifts, technological advancements (like SMRs), and growing investments; however, achieving cost parity with renewables requires \$120 billion in annual investments by 2030.

Jan 20, 22:10

Framingham Launches First Gas-Utility-Led Geothermal Network

The Mauchan family in Framingham, Massachusetts, is among 37 homes and businesses connected to a new geothermal network, a clean energy initiative led by Eversource that aims to significantly reduce energy costs and carbon emissions, potentially serving as a national model.

Jan 16, 16:08

China Leads Global Nuclear Power Expansion

The IEA reports a global surge in nuclear power plant construction, led by China, with smaller modular reactors (SMRs) expected to become commercially available by 2030, while the West struggles with declining nuclear power and faces criticism for past decisions.

Jan 11, 19:09

Microreactors: A Nuclear Power Resurgence

Driven by climate goals, the nuclear power sector is experiencing a global surge, with the US and several EU countries significantly increasing investments and deployments, particularly focusing on smaller, safer, and cheaper microreactors to replace fossil fuel generators across various sectors, though challenges like waste disposal and construction costs persist.