[Double carbon targets brewing huge investment] With the realization of the "dual carbon" goal, a large amount of funding needs have emerged. Xie Zhenhua, China's special envoy for climate change affairs, pointed out in his speech that according to the calculations of relevant United Nations agencies, the world is expected to require nearly 100 trillion US dollars to achieve the global temperature rise control targets set by the Paris Agreement. According to calculations by Standard Chartered Bank, China will need a total of RMB 127 trillion to RMB 192 trillion to achieve the goal of “carbon neutrality”, which is equivalent to an annual investment of RMB 3.2 trillion to RMB 4.8 trillion. Editor/Xu Shengpeng

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• 2024.05.10 16:54
• [The key investment projects of Hebei in 2024 with foreign invment were released]
• On May 10, Hebei Development and Reform Commission announced the key investment projects of Hebei Province in 2024, sorting out and planning 100 key investment projects of foreign investment, with a total contract investment of 22.66 billion US dollars, and the proposed use of foreign investment of 13.5 billion US dollars. There are a total of 13 new energy projects, including photovoltaic projects: Qinhuangdao Haigang District solar photovoltaic automatic intelligent equipment Park, Langfang economic development District photovoltaic glass production project, Tangshan City Qianxi County 150MW mountain photovoltaic power generation project. Editor/Xu Shengpeng

• 2024.05.10 16:54
• [China-france cooperation erupts! New energy companies signed a heavyweight order]
• Recently, the sixth meeting of the China-France Business Council was held in Paris. During the meeting, Chinese and French business representatives held discussions on three topics: industrial innovation and mutual trust and win-win, green economy and low-carbon transformation, new quality productivity and sustainable development, and put forward suggestions on further deepening China-France economic and trade cooperation. After the closing ceremony, Chinese and French companies signed a number of cooperation agreements in finance, nuclear energy, aviation, manufacturing and new energy. Among them, there is a lot of cooperation in the green low-carbon and new energy industry. Judging from the content of the agreement, China and France are expanding from traditional energy, nuclear power and aviation to new energy and green technology industries. For example, EDF and State Power signed the "Green hydrogen Energy, integrated smart energy services and third-party market cooperation Agreement", including hydrogen production, installation of photovoltaic panels in Saudi Arabia and maintenance of low-energy public lighting in Wuhan. Sinopec and Total Energy have signed a strategic cooperation agreement to deepen their cooperation in the field of low-carbon energy. The strategic cooperation agreement aims to further develop the partnership between the two companies and seize new opportunities by leveraging their respective expertise, with the two companies planning to collaborate on research and development in the areas of biofuels, green hydrogen, CCUS and decarbonization. After building France's first green battery gigafactory for Renault in Douai, Vision Power, a subsidiary of Vision Technology Group, is working with Suez to create a zero-carbon battery industrial park in France. The program covers a variety of areas such as renewable energy supply, battery material production and recycling, and digital intelligence platforms. Vision also signed a comprehensive cooperation agreement with French industrial engineering leader Fives Group. Fives and Vision will give full play to the advantages of both sides to promote cooperation in the fields of hydrogen energy, battery equipment and digital intelligence. Xiamw New Energy, a subsidiary of Xiamen Tungsten Holding, signed the "Agreement on the Establishment of a comprehensive strategic Partnership in the battery Industry" with ORANOSA, France, aiming to strengthen the partnership between the two parties in the production of positive electrode materials for electric vehicle batteries. Schneider Electric and Star Charging signed a memorandum of understanding to establish a super green joint venture to install electric vehicle charging stations and energy storage equipment in Europe, among other things. Today, France is promoting "re-industrialization" based on green innovation, and China is also accelerating the development of new quality productivity. At the moment when the global energy transition is accelerating, the new energy industry, as a key cooperation content between China and France, has a great potential to explode in the future. Editor/Xu Shengpeng