If the current war creates a prolonged oil crisis, there will be more downward pressure on oil use – and an equal acceleration in China of electric car production at home, with an associated surge in exports.
China has provided a clear regulatory signal. The opportunity now lies in translating that ambition into reporting that genuinely informs sustainable outcomes and drives climate action, in China and across global markets.
As countries scramble to secure the minerals needed for clean energy, digital technologies, AI, and defence industries, the new era of resource competition implies both great promise and grave peril.