The Asian superpower is shielded from price shocks for now, being both one of the world’s largest oil importers and the biggest clean energy exporter. But weaker global growth from uncertain environment, could affect demand for Chinese exports, says Asian Development Bank economist Yothin Jinjarak.
The Council for a Competitive Climate Transition (C3T) arrives just as geopolitical shocks have become the biggest test of corporate climate commitment.
As oil and gas firms reap windfall profits from wartime price spikes, regional climate advocates urge governments to tax gains and channel the funds into renewables and grid upgrades to secure Asia’s energy future.