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India along with others moving towards centre stage of clean energy transition: Clean-energy leadership begins in China

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Solar panels absorbing sunlight. Pixabay

China, May 30, 2017: There is a new reality in clean energy. The world’s major emerging economies — including China, India, and several others — are moving to the centre stage of the clean energy transition. By betting heavily on energy efficiency, on wind, solar and other renewables, as well as other less carbon-intensive technologies, these countries are increasingly leading the way.

This is the significance of the top-level meeting of energy ministers from the world’s biggest economies in Beijing next month. The fact that representatives from fossil-fuel producers like Mexico and Saudi Arabia will join renewable-energy pioneers like Denmark and Germany for a top-level meeting in China is not a coincidence. We are witnessing a global consensus that the key to energy transition will reside with decisions made in emerging economies.

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There are many reasons to stand for clean energy today. These can range from reducing greenhouse gas emissions but also battling the scourge of air pollution, improving energy security by reducing the dependency on fossil fuels, diversifying supply, creating high-tech jobs or fostering innovation. As such, approaches to clean energy will vary from country to country.

According to the International Energy Agency (IEA), all of the projected growth in energy demand in the next 25 years will take place in emerging and developing countries. This means that implementing the right kind of policies and technologies will be critical to ensure stable supplies as well as meeting desirable environmental outcomes.

The good news is that this is happening. India was the first country to set comprehensive quality and performance standards for light emitting diodes (LEDs), and it expects to save as much as 277 terawatt-hours of electricity between 2015 and 2030, avoiding 254 million metric tons of CO2 emissions or the equivalent of 90 coal-fired power plants.

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Another upshot is that by committing to these new clean technologies, countries like China are helping drive down costs for the benefit of the world. China is now the undisputable global leader of renewable energy expansion worldwide, and the IEA forecasts that by 2021, more than one-third of global cumulative solar PV and onshore wind capacity will be located in China.

Recently announced renewable projects have broken new records, with power purchase agreements for several onshore wind and large solar PV farms now below $50/MWh.

As clean energy is increasingly driven by the emerging economies, global political leadership in advancing clean energy will be increasingly shared. This is precisely the function of the Clean Energy Ministerial (CEM), which was created in 2010, and whose goal is to form a partnership that brings together major industrialised and emerging economies to focus on clean energy technologies and policies, reduce environmental impacts, and ensure reliable and affordable supplies.

Our timing is critical. Action by the 25 CEM members, representing 90 per cent of global energy investment and 75 per cent of global emissions, is crucial for making the world less carbon-intensive than today.

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In Beijing, our focus will be to provide a collaborative environment to tackle these challenges in areas ranging from transportation, buildings to the power sector. Our governments will seek to increase electric mobility, with a target to reach 30 per cent of the new vehicle fleet by 2030. The recent announcements of the Indian government will go a long way towards this end. Another challenge for CEM governments will be to increase EV charging providers by a factor of 10 in the next five years. Other priority areas include improving efficiency in buildings, which account for nearly a third of all energy consumption and 20 per cent of greenhouse gas emissions.

In the power sector, the CEM is seeking to move away from the coal-or-renewables paradigm. Coal was the fuel of the last 100 years, and renewables will likely be the dominant fuel of the next century for many countries. At the same time, we must recognise that so-called dispatchable power plants — including thermal generation — are key for many countries to ensure energy security during the transition to a cleaner energy system. And so, the Beijing meeting will launch new work to address this challenge.

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To succeed, this energy transition will require the full backing of industry. This is why the CEM includes top-level executives from companies involved in all aspects of the energy field who offer a unique on-the-ground perspective and ultimately determine where investments end up going. They are often the first to recognise what drives clean energy uptake.

This is a unique time for the CEM, which is entering a new phase of cooperation and growth in our short history. The world of energy is changing. Facts on the ground unequivocally point to the key role of emerging economies in clean energy. Come the meeting in Beijing June 6-8, we are likely to see this reflected in the leadership of the CEM. (IANS)

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Amazon Plans to Close its Domestic Marketplace in China by Mid-July

Amazon shoppers in China will no longer be able to buy goods from third-party merchants in the country, but they still will be able to order from the United States, Britain, Denmark and Japan via the firm’s global store

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FILE - Amazon plans to close its domestic marketplace in China to focus on more lucrative businesses there. VOA

Amazon.com Inc. plans to close its domestic marketplace in China by mid-July, people familiar with the matter told Reuters, focusing efforts on more lucrative businesses selling overseas goods and cloud services in the world’s most populous nation.

Amazon shoppers in China will no longer be able to buy goods from third-party merchants in the country, but they still will be able to order from the United States, Britain, Denmark and Japan via the firm’s global store. Amazon expects to close fulfillment centers and wind down support for domestic-selling merchants in China in the next 90 days, one of the people said.

Home-grown e-commerce

The move underscores how entrenched, home-grown e-commerce rivals have made it difficult for Amazon’s marketplace to gain a foothold. Consumer insights firm iResearch Global said Alibaba Group Holding Ltd’s Tmall marketplace and JD.com Inc. controlled 81.9 percent of the Chinese market last year.

“They’re pulling out because it’s not profitable and not growing,” said analyst Michael Pachter at Wedbush Securities. Ker Zheng, marketing specialist at Shenzhen-based e-commerce consultancy Azoya, said Amazon had no major competitive advantage in China over its domestic rivals.

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FILE – A logo of JD.com is seen on a helmet of a delivery man in Beijing, June 16, 2014. VOA

Unless someone is searching for a very specific imported good that can’t be found elsewhere, “there’s no reason for a consumer to pick Amazon because they’re not going to be able to ship things as fast as Tmall or JD,” he said.

Amazon’s customers in China will still be able to purchase the firm’s Kindle e-readers and online content, said the sources, who spoke on condition of anonymity. Amazon Web Services, the company’s cloud computing unit that sells data storage and computing power to enterprises, will remain as well.

The U.S.-listed shares of Alibaba and JD.com rose 1% Wednesday after Reuters first reported the move, before paring gains later in the day. Amazon’s shares closed flat.

US retreat, e-commerce showdown

The withdrawal of the world’s largest online retailer — founded by the world’s richest person — comes amid a broader e-commerce slowdown in China. Alibaba in January reported its lowest quarterly earnings growth since 2016, while JD.com is responding to the changing business environment with staff cuts.

 

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FILE – A worker removes an advertisement billboard of Indian online marketplace Flipkart, installed along the roadside in Mumbai, India, Oct. 16, 2015. Amazon.com Inc. is concentrating on India and its competition, Flipkart. VOA

It also follows the Chinese e-commerce retreat of other big-name Western retailers. Wal-Mart Stores Inc. sold its Chinese online shopping platform to JD.com in 2016 in return for a stake in JD.com to focus on its bricks-and-mortar stores.

Similarly, the country appears to factor less in the global aspirations of fellow U.S. tech majors Netflix Inc., Facebook Inc. and Alphabet Inc.’s Google, Pachter said.

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Amazon bought Chinese online shopping website Joyo.com in 2004 for $75 million, rebranding the business in 2011 as Amazon China. But in a sign of Tmall’s dominance, Amazon nevertheless opened an online store on the Alibaba site in 2015.

The firm is still expanding aggressively in other countries, notably India, where it is contending with local rival Flipkart. (VOA)