CCAG has agreed a Memorandum of Understanding with Hong Kong University of Science and Technology (Guangzhou) to strengthen global collaboration on China’s energy transition. The partnership will foster collaboration on climate research, energy transition, and best practices, with the aim of accelerating the global journey to net zero and a safe, manageable, and equitable future for all.
Background
The world is facing unprecedented climate challenges, with rising greenhouse gas (GHG) emissions and the urgent need to transition away from fossil fuels, particularly coal, to mitigate further damage to the planet. In this context, international collaboration is essential to accelerate the development of solutions for countries like China, which contribute significantly to global CO2 emissions.
China is gaining unparalleled experience in managing the energy transition at speed, and international collaboration is critical for ensuring that China’s experience is widely understood and shared around the world in order to accelerate energy transition processes elsewhere.
China has made significant progress in decoupling coal use from GDP growth, but the continued challenge of phasing out coal-fired electricity generation remains critical to meeting its net zero targets. As outlined in the joint report by CCAG, effective global collaboration can address the technical and systemic challenges, including intermittency issues in renewable energy, to facilitate China’s transition towards a sustainable, low-carbon energy grid.
This Memorandum of Understanding (MOU) formalises a partnership between CCAG and HKUST(GZ), aimed at fostering global collaboration, sharing best practices, and developing actionable strategies to support China’s energy transition and to promote support from China to the energy transition elsewhere.
Objectives
The primary objective of this MOU is to enhance collaboration between HKUST(GZ) and CCAG in addressing the climate crisis, with a focus on China’s energy transition and global climate leadership. This partnership will focus on producing research reports detailing the most up-to-date progress, challenges, and opportunities for China’s transition and facilitating knowledge exchange through organised visits and delegation exchanges from across CCAG’s global expert network.
Both HKUST(GZ) and CCAG agree to champion climate leadership by advancing solutions that align with China’s 2030 peak carbon emissions and 2060 net-zero targets and endeavour to work together to accelerate this timeline.
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