China, biomarine energy and its players

In the future, China and Europe will compete and cooperate in the field of ocean energy and green hydrogen energy production. This is why this aspect is crucial in building a bridge of cooperation and friendship between China and Europe.

Wave energy in China is generally low and accounts for only one seventh of wave energy in Europe. Fujian Smart Energy Technology Co., Ltd. has a new patented technology that can increase wave energy in the operating area by over 10 times, causing negligible changes to the environment. It is an environmentally friendly technology that does not affect the free movement of marine life, and can increase wave power generation by over 100 MW. It is certainly innovative, ingenious and daring. It will require strong support from the Ministry of Natural Resources.

The “National Independent Contributions” are non-binding national plans outlining climate actions, including climate-related targets, policies and measures that governments intend to implement in response to climate change and as a contribution to achieving the global goals set out in the Paris Agreement of December 12, 2015.

In these projects China has proposed that carbon dioxide emissions should peak around 2030, striving – as a stakeholder – to achieve this target as soon as possible. In 2030, carbon dioxide emissions per unit of GDP will be reduced by 60-65% compared to 2005 and primary energy consumption will focus on non-fossil energy.

The percentage has reached about 20% and the volume of forest stock has increased by about 4.5 billion cubic metres compared to 2005. Support for this project may enable China to reach this target earlier.

Shenzhen (a sub-provincial centre of the People’s Republic of China belonging to the Guangdong Province) is positioned as a global oceanic central city. China plans to initiate wave hydrogen production projects in Shenzhen and establish headquarters there.

In this regard, the European Union will invest 470 billion euros in clean energy over the next 25 years, with a focus on the hydrogen energy sector. The European Union has already launched its Hydrogen Energy Strategy in summer 2020. By the end of 2024, the European Union will build a batch of renewable hydrogen electrolysis equipment with a single capacity of 100 megawatts and annual production across Europe will exceed one million tonnes.

The aim is to promote this technology in Europe and later in the world through the Belt and Road Initiative, i.e. the New Silk Road called for by President Xi Jinping. There are plans to build one hundred 600-MW wave power plants and one hundred wave hydrogen production projects with an annual output of 100,000 tonnes over the next 15 years.

China’s Roadmap 2.0 for Energy Saving Technology and New Energy Vehicles foresees that by the end of 2035 the number of fuel cell vehicles will amount to one million and the demand for hydrogen will reach two million tonnes. The International World Group’s 600-MW wave power project will produce 103,000 tonnes of green hydrogen per year.

The project can meet China’s hydrogen demand until 2035 and will provide energy from green and renewable hydrogen.

The China Hydrogen Energy Industry Development Report 2020 forecasts that, by the end of 2050, hydrogen energy will account for 10 per cent of final energy consumption, the number of hydrogen fuel cell vehicles will be 30 million and hydrogen demand will be equal to 60 million tonnes.

The International World Group’s project can provide a steady flow of green hydrogen energy for 30 million vehicles. The related Sino-European Strategic Cooperation Agreement for Ocean Energy Development has a first and a second phase. The first will see the establishment of a global ocean energy technology research and development centre and then a Sino-European ocean energy technology research and development centre in Shenzhen.

At the same time, the ocean energy technology will be focused on its generation: from wave motion, from tidal power without dams, from offshore wind systems and also from offshore solar energy.

The cost of producing hydrogen from non-fresh seawater is lower than the cost of producing hydrogen from oceans and pertains to an advanced technology.

Zhisheng Energy currently holds invention patents for 100-MW wave power generation, as well as for environmentally friendly tidal power generation, and 10-MW wind power generation.

On the afternoon of April 16, President Xi Jinping held a video-conference-in Beijing with French President Macron and German Chancellor Merkel. The leaders of the three countries held an in-depth exchange of views on cooperation for tackling climate change, China-EU relations, anti-epidemic cooperation and major international and regional issues.

President Xi Jinping stated that China would strive to achieve peak carbon emissions by 2030 and carbon neutrality by 2060. This means that China, as the largest developing country on the planet, will complete the world’s highest carbon intensity reduction in a shorter timeframe than any third party. This stands in contrast to other powers that in Presidential candidates’ election speeches promise respect for the environment, but in fact do nothing more than confirm old energy production systems.

The President said China decided to accept the Kigali Amendment of October 15, 2016 to the Montreal Protocol of August 26, 1987 to strengthen the control of greenhouse gases other than carbon dioxide such as HFCs (refrigerant gases containing hydrofluorocarbons).

He argued that responding to climate change should be the common cause of all mankind and should not be a bargaining chip for geopolitics, a target to attack other countries or an excuse to erect trade barriers.

During the video-conference the President also said China would adhere to the principles of equity, common responsibilities and responsibilities differentiated by the respective capabilities, as well as promote the implementation of the United Nations Framework Convention on Climate Change of June 4, 1992 and the Paris Agreement and actively carry out South-South cooperation on climate change.

He added he hoped that developed economies would lead by example in reducing emissions and take the lead in meeting their climate financial commitments, so as to provide adequate technical and capacity-building support to developing countries to tackle these epoch-making energy changes.

A few words are now appropriate about Xi Jingping’s most important collaborator on environmental issues: Ministers Lu Hao and Huang Runqiu.

The Minister of Natural Resources, Lu Hao (born in 1967), was the youngest provincial Governor in China, ruling Heilongjiang Province (population: 38,312,224 inhabitants in 2010) from 2013 to 2018. Lu Hao also served as First Secretary of the Communist Youth League and vice-mayor of Beijing. At the age of 20, he was elected Head of the University Students’ Union, becoming the first student union President, elected by popular vote since the Cultural Revolution. He holds a degree in Economics and Business from Peking University.

Lu Hao became Head of the Zhongguancun Administrative Office in 1999, thus beginning his career in the Public Administration. The area is known as China’s Silicon Valley, rich in technology start-ups.

He also served ex officio as President of the China Youth University for Political Sciences. Prior to Lu Hao, several political heavyweights, including former party leaders Hu Yaobang and Hu Jintao, as well as Premier Li Keqiang, had served in that position.

Giancarlo Elia Valori
Giancarlo Elia Valori
Advisory Board Co-chair Honoris Causa Professor Giancarlo Elia Valori is a world-renowned Italian economist and international relations expert, who serves as the President of International Studies and Geopolitics Foundation, International World Group, Global Strategic Business In 1995, the Hebrew University of Jerusalem dedicated the Giancarlo Elia Valori chair of Peace and Regional Cooperation. Prof. Valori also holds chairs for Peace Studies at Yeshiva University in New York and at Peking University in China. Among his many honors from countries and institutions around the world, Prof. Valori is an Honorable of the Academy of Science at the Institute of France, Knight Grand Cross, Knight of Labor of the Italian Republic, Honorary Professor at the Peking University