{"id":413781,"date":"2025-11-18T17:57:11","date_gmt":"2025-11-18T16:57:11","guid":{"rendered":"https:\/\/climatescience.press\/?p=413781"},"modified":"2025-11-18T17:57:14","modified_gmt":"2025-11-18T16:57:14","slug":"reuters-they-china-will-lose-if-the-world-retreats-from-renewable-energy","status":"publish","type":"post","link":"https:\/\/climatescience.press\/?p=413781","title":{"rendered":"Reuters: \u201cThey [China] will lose\u201d if the World Retreats from Renewable Energy"},"content":{"rendered":"\n
\"The<\/figure>\n\n\n\n

<\/p>\n\n\n\n

From Watts Up With That?<\/a><\/p>\n\n\n\n

Essay by<\/strong> Eric Worrall<\/a><\/p>\n\n\n\n

\u201c\u2026 China is acting as a guarantor \u2026 They invested a lot on the green economy. If there\u2019s any kind of involution, they will lose. \u2026\u201d<\/p>\n\n\n\n

\n

China finds bigger role as US sidesteps Brazil climate summit<\/strong><\/p>\n\n\n\n

By Valerie Volcovici<\/a> and Lisandra Paraguassu<\/a>
November 16, 20253:20 AM GMT+10<\/p>\n\n\n\n

BELEM, Brazil, Nov 15 (Reuters) \u2013 With the United States absent from the U.N. annual international climate summit for the first time in three decades, China is stepping into the limelight as a leader in the fight against global warming.<\/p>\n<\/blockquote>\n\n\n\n

\n

\u2026<\/p>\n\n\n\n

\u201cChina gets it,\u201d said California Governor Gavin Newsom<\/strong> during a visit to the conference earlier this week. \u201cAmerica is toast competitively<\/strong>, if we don\u2019t wake up to what the hell they\u2019re doing in this space, on supply chains, how they\u2019re dominating manufacturing<\/strong>, how they\u2019re flooding the zone.\u201d<\/p>\n\n\n\n

\u2026<\/p>\n\n\n\n

\u201cLittle by little, China is acting as a guarantor of the climate regime,<\/strong>\u201d said one senior diplomat from an emerging economy. \u201cThey invested a lot<\/strong> on the green economy. If there\u2019s any kind of involution, they will lose.<\/strong>\u201c<\/p>\n\n\n\n

One Brazilian diplomat said China played a key role in helping reach an agreement over the COP30 agenda before negotiations even began<\/strong>, whereas in previous years its diplomats would not get involved unless there was some key issue for them.<\/p>\n\n\n\n

\u2026<\/p>\n\n\n\n

Biniaz [former US envoy under John Kerry] said she was not yet convinced that China was playing a leadership role beyond the pavilions.<\/p>\n\n\n\n

\u201cIf they had wanted to, they would have put in a more ambitious emission reduction target,<\/strong>\u201d she said, referring to China\u2019s announcement in September that it would cut emissions at least 7% from their peak by 2035.<\/p>\n\n\n\n

\u2026Read more: https:\/\/www.reuters.com\/sustainability\/cop\/china-finds-bigger-role-us-sidesteps-brazil-climate-summit-2025-11-15\/<\/a><\/p>\n<\/blockquote>\n\n\n\n

What is really going on with China? Why don\u2019t their emissions reduction targets match their quiet assumption of climate leadership?<\/p>\n\n\n\n

The answer of course is China\u2019s advocacy of climate action has nothing to do with climate change.<\/p>\n\n\n\n

There is a real possibility the China\u2019s climate action push is an attempt to prevent national bankruptcy.<\/strong><\/p>\n\n\n\n

China has a lot of debt problems.<\/p>\n\n\n\n

\n

Sinographs<\/a><\/strong> July 31, 2025<\/p>\n\n\n\n

Beijing extends and pretends to deal with its mountain of local government debt<\/strong><\/p>\n\n\n\n

By Jeremy Mark<\/a><\/p>\n\n\n\n

As the pooh-bahs of the Chinese Communist Party gathered recently to extol<\/a> their vision for urban modernization, China\u2019s paramount leader Xi Jinping offered an assessment<\/a> of recent developments that appeared slightly at odds with the upbeat tone of the proceedings. The president said that \u201c(I)n the past, GDP was used to judge heroes,\u201d but \u201cOne beautiful thing covered a hundred ugly things. Nowadays, in many matters, one ugliness covers a hundred beautiful things.\u201d<\/p>\n\n\n\n

Yet as China\u2019s cities, counties, and provinces confront slower economic growth and fiscal belt-tightening, the leadership didn\u2019t mention the \u201cone ugliness\u201d that is weighing on local governments\u2014trillions of dollars of debt. That is because the Chinese government already has declared victory over local government debt and seems to be moving on<\/strong>. A three-year debt restructuring initiative<\/a> launched last November refinances ten trillion yuan ($1.39 trillion) of \u201chidden debt,\u201d or bonds issued by investment companies known as local government financing vehicles (LGFVs). But LGFV bonds are only one part of a much<\/strong> larger problem<\/strong><\/a>. Local governments throughout China are also on the hook for trillions of dollars of bank loans, unpaid bills, and other obligations that remain unaddressed.<\/strong><\/p>\n\n\n\n

\u2026Read more: https:\/\/www.atlanticcouncil.org\/blogs\/econographics\/sinographs\/beijing-extends-and-pretends-to-deal-with-its-mountain-of-local-government-debt\/<\/a><\/p>\n<\/blockquote>\n\n\n\n

For decades Chinese local government leaders advanced their careers with a Ponzi scheme<\/a>. If a local official wants career advancement, they have to meet their growth targets.<\/p>\n\n\n\n

Officials quickly discovered they could fake economic growth by pumping their regional economy with borrowed money \u2013 building massive infrastructure projects, which looked great on paper, but which did nothing to advance long term prosperity.<\/p>\n\n\n\n

Of course, once the local leader made it to the central committee staff, they couldn\u2019t allow this deception to be discovered, so they had to help their successors conceal the growing mountain of debt when their successors pulled the same career advancement trick. As a result, a Ponzi scheme developed, of increasingly senior central committee staff whose careers depended on helping their former subordinates conceal their own career advancing financial malfeasance.<\/p>\n\n\n\n

So long as China\u2019s housing bubble lasted, there was enough local government income to conceal the career advancement Ponzi scheme debts. Land releases to developers are a major source of income for local governments in China. But when the housing bubble imploded in 2020, the income required to maintain the career advancement Ponzi Scheme evaporated, and the horrifying debt burden of China\u2019s regional governments was exposed.<\/p>\n\n\n\n

It gets worse. While local government officials were playing career advancement Ponzi scheme games, the national government was using debt as a tool of international diplomacy<\/strong>, seeking to ensnare other countries into debt dependency on China, to extend their international influence. But the Chinese national government appears to have miscalculated. They expected to win diplomatic influence by pressuring debtors into concessions, but it never occurred to China that much of the money they loaned would never be repaid.<\/p>\n\n\n\n

\n

China Is Bailing Out Its Bad Bets, and Handing the West a Geopolitical Opening<\/strong><\/p>\n\n\n\n

By  Elaine Dezenski
May 18, 2023 2:37 pm EDT<\/p>\n\n\n\n

China has created its own subprime infrastructure crisis, and now it is trying to bail itself out.<\/strong> The rescue efforts are focused on loans for China\u2019s much-touted Belt and Road Initiative, or BRI, Beijing\u2019s trillion-dollar attempt to build global infrastructure and increase its influence throughout the developing world. These debt problems offer an opportunity for the West to approach developing economies with a better alternative.<\/p>\n\n\n\n

Issuing what have frequently amounted to junk bonds, China\u2019s BRI made high-risk, often-unneeded billion-dollar infrastructure loans, with no conditionality, poor risk planning, shrouded in opacity and secrecy. Cash-poor developing countries that lacked the ability to pay and had long track records of corruption<\/a> were particularly vulnerable. A recent report<\/a> by researchers at the World Bank and several other institutions shows that China has funded $240 billion in bailouts for many of these subprime loans.<\/strong><\/p>\n\n\n\n

It\u2019s not surprising that so many of the countries that borrowed what looked like cheap Chinese cash for these global megaprojects are now at risk of defaulting on their loans. The seeds of project failure were sown from the outset by a lack of transparency, risk management, and viable controls to check corruption and incompetence.<\/p>\n\n\n\n

\u2026Read more: https:\/\/www.barrons.com\/articles\/china-belt-and-road-loans-bailout-infrastructure-africa-asia-7f905df0<\/a><\/p>\n<\/blockquote>\n\n\n\n

After their traditional infrastructure Belt and Road push went sour, China pivoted more towards green infrastructure loans. They invested in massive green energy manufacturing capacity, powered by coal, in anticipation of a global energy system realignment. But as international demand fell short of Chinese expectations, China once again tried to pump the green infrastructure export market by offering easy credit, to keep Chinese factories running, and soak up China\u2019s excess manufacturing capacity.<\/p>\n\n\n\n

\n

Working Together to Build a Green Belt and Road<\/strong><\/p>\n\n\n\n

2025-08-12Source\uff1aECONOMIC DAILY<\/p>\n\n\n\n

Green is the defining feature of high-quality Belt and Road cooperation. General Secretary Xi Jinping has stressed the need to pursue open and green development in Belt and Road cooperation. Over the years, China has worked hand in hand with the Belt and Road Initiative (BRI) partners to advance green, low-carbon, and sustainable development, while steadily deepening cooperation in such areas as green infrastructure, green energy, and green transportation. Nevertheless, the development of the Green BRI still faces many risks and challenges. Constraints in addressing climate change have grown more stringent, and the level of international cooperation on ecological and environmental protection remains to be improved. How can the BRI be advanced in a greener direction? In this edition, we have invited experts to share their insights on these issues.<\/p>\n\n\n\n

\u2026<\/p>\n\n\n\n

Practical cooperation in the energy sector has continued to advance. China is currently engaged in green energy projects with more than 100 countries and regions. In 2024, China\u2019s investment in clean energy reached USD 625 billion \u2014 accounting for one-third of the global total \u2014 cementing its role as a \u201cstabilizer\u201d of the global clean energy production and supply chain.<\/strong> By deepening cooperation on renewable energy projects in Asia-Pacific, the Middle East, Africa, and Latin America, China has provided solid resource foundations for host countries to pursue energy transition and green, low-carbon development. Leveraging its scale and integrated industrial advantages, China has promoted the \u201cgoing global\u201d of equipment manufacturing, engineering, and technical services. China\u2019s clean energy industry has continued to expand in scale, and in 2024 accounted for over 70 percent of the world\u2019s wind power equipment and lithium battery supply, as well as more than 80 percent of photovoltaic modules. A series of projects \u2014 including solar PV projects, wind power installations, and transmission lines \u2014 has been built in the Middle East, Africa, and Latin America. The promotion of Chinese equipment manufacturing and technical standards has helped alleviate energy poverty in host countries and boosted their economic growth.<\/p>\n\n\n\n

\u2026Read more: http:\/\/en.brigc.net\/Media_Center\/Updates\/Latest_News\/202508\/t20250814_137603.html<\/a><\/p>\n<\/blockquote>\n\n\n\n

Thanks to President Trump\u2019s forceful rejection of the fake climate crisis, all the money the Chinese government invested in their green energy manufacturing capacity and green energy loans is at risk. If other nations follow President Trump\u2019s lead, those Chinese Government funded solar, EV and wind turbine factories and installations will become worthless.<\/p>\n\n\n\n

China is a big presence at COP30, despite not presenting \u201cambitious\u201d climate targets of their own, because they are desperate to keep the climate roadshow going. As John Kerry\u2019s former assistant Biniaz said, \u201cif there\u2019s any kind of involution, they [China] will lose<\/strong>\u201c.<\/p>\n\n\n\n

How badly China will lose, only China knows.<\/strong><\/p>\n\n\n\n

And maybe even Chinese leaders can\u2019t be sure how much bad debt resilience their nation has left. Nobody knows when China\u2019s ageing population of income savers will try to withdraw trillions of dollars of retirement cash which has been squandered on bad debt.<\/p>\n\n\n\n

We know for sure that Chinese communists lie to their bosses \u2013 look how badly the Chinese mishandled the Wuhan Covid outbreak<\/a>. In the USA such incompetence would have been rapidly exposed by mainstream or new media, but China doesn\u2019t have a free press<\/a> to expose local coverups and corruption. A courageous Chinese doctor tried to raise the alarm, but his warnings were censored, and he was summoned to explain his actions to local authorities.<\/a><\/p>\n\n\n\n

When the Soviet Union collapsed, the CIA was as surprised as the Kremlin<\/a>, because even though the CIA had full access to Kremlin economic data, all the Kremlin data was lies, the product of long chains of Soviet bureaucrats concealing their failures from the boss. When the Chinese communist system implodes, the timing of that collapse will also come as a big surprise for the same reason, even to people who thought they knew what was happening inside China \u2013 including me.<\/p>\n\n\n\n

<\/p>\n","protected":false},"excerpt":{"rendered":"

\u201c\u2026 China is acting as a guarantor \u2026 They invested a lot on the green economy. If there\u2019s any kind of involution, they will lose. \u2026\u201d<\/p>\n","protected":false},"author":121246920,"featured_media":413786,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_coblocks_attr":"","_coblocks_dimensions":"","_coblocks_responsive_height":"","_coblocks_accordion_ie_support":"","_crdt_document":"","advanced_seo_description":"Explore how China is adapting its climate leadership amid economic challenges and the absence of the US at COP30. 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From\u00a0CFACT By\u00a0Duggan Flanakin\u00a0 Gear with energy relative silhouettes. Design set of coal mining industry. 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