On October 23, the Third Belt and Road Energy Ministers' Conference took place in Qingdao, Shandong Province. This significant event brought together energy ministers, ambassadors to China, and high-level representatives from 27 countries to discuss energy innovation and green cooperation within the framework of the Belt and Road Initiative.
On October 23, the Third Belt and Road Energy Ministers' Conference took place in Qingdao, Shandong Province. This significant event brought together energy ministers, ambassadors to China, and high-level representatives from 27 countries to discuss energy innovation and green cooperation within the framework of the Belt and Road Initiative.
The conference witnessed the expansion ceremony of the Belt and Road Energy Cooperation Partnership and the release of the "Belt and Road Green Energy Cooperation Action Plan (2024-2029)". Zhang Jianhua, Director of the National Energy Administration of China, emphasized China's commitment to green low-carbon development and open cooperation in the energy sector.
China, with its internationally competitive full industrial chain system, contributes over 80% of global photovoltaic components and 70% of wind power equipment. In the past decade, it has significantly reduced the average levelized costs for wind power and photovoltaic projects.
Energy cooperation is a crucial aspect of the Belt and Road Initiative. It promotes the integrated development of domestic renewable energy markets and is a vital measure for China's expanding openness. The Belt and Road Energy Cooperation Partnership offers a diverse platform for open collaboration based on mutual benefits.
Countries like Iran and Thailand have joined this partnership. The Iranian Minister of Energy, Ali Abadi, and the Thai Deputy Prime Minister and Minister of Energy, Phraiphan Pothasuthon, highlighted the importance of such initiatives for international energy collaboration and the transition to sustainable energy sources.
China's investments in green energies in participating countries have exceeded those in traditional forms. Projects like the Garissa Solar Power Plant in Kenya have shown impressive results, enhancing regional supply structures and contributing to ecological preservation.
The action plan released at the conference outlines commitments to bolster capabilities, ensure safety measures, innovate policies and systems, and promote capacity-building programs, especially for youth engagement, to strengthen sustainable cooperation and achieve common goals.
As the Belt and Road Initiative continues to unfold, green energy cooperation is set to play a crucial role in promoting sustainable development and a greener future for all countries involved.