Core Viewpoint - Business leaders at the World Economic Forum are advocating for continued commitment to climate action, arguing against the backlash to Europe's green transition as an "aberration" [1][2][6] Group 1: Business Leaders' Perspectives - Allianz CEO Oliver Bäte emphasized the importance of maintaining energy transition targets and criticized short-term thinking regarding net zero, labeling it as "bulls---" [2][3] - Bäte stated that Allianz has reduced its energy consumption by over 40% and advocates for setting realistic targets rather than rigid deadlines [3] - Andrew Forrest, founder of Fortescue, suggested moving towards "real zero" by 2040 instead of net zero, arguing that the focus should be on stopping fossil fuel use entirely [7][9] Group 2: Political and Economic Context - Concerns are rising that businesses are retreating from climate action in favor of competitiveness, with political support for net zero appearing to wane [6][15] - EU Climate Commissioner Wopke Hoekstra acknowledged that there are increasing pockets of skepticism regarding net zero policies, although he stressed the importance of addressing CO2 emissions [15][16] - Joe Kaeser, chairman of Siemens Energy, highlighted the need for collaboration with customers to develop pathways to achieve net zero, focusing on technology and innovation rather than regulation [18][19] Group 3: Global Perspectives on Energy Transition - Bäte pointed to China as a role model for balancing investments in both renewable and fossil fuel technologies [2] - Forrest criticized the U.S. approach to fossil fuels under the Trump administration, advocating for a more balanced investment strategy in energy technologies [10][13] - The trend towards renewable energy is seen as increasingly favorable, with Forrest asserting that renewable energy is becoming more cost-effective compared to fossil fuels [12][13]

China’s shift from away from the dirtiest fossil fuel exposes the economic and human toll of winding down the world’s largest coal industry https://t.co/EzBRt6IdBo ...

A coal-fired power plant in Indonesia scheduled to close down early and act as a flagship for efforts to shift Asia’s economies away from the fossil fuel has scrapped proposals to shutter ahead of schedule https://t.co/tvc8Wern79 ...

Colombia has helped lead the push to end fossil fuel use globally. But it's been harder to implement policies to wind down extraction at home https://t.co/F2jQ3f9zMh ...

Brazilian Officials Are Divided Over Fossil Fuel Plan at COP30 https://t.co/RPMS9wetr8 ...

Climate Change & Policy - COP30 会议上，代表们正在起草一份关于化石燃料的路线图，预示着一场关于化石燃料的斗争即将展开 [1]

As and when China moves away from cleaner coal to less coal, further warming can be expected. But this is not an argument for keeping the fossil fuel https://t.co/o1XrHLmLx3 ...

America's renewed embrace of coal gives the rest of the world license to keep burning the dirtiest fossil fuel, writes @JavierBlas (via @opinion) https://t.co/rsNUmAcO4y ...

Renewable Energy & Policy - Queensland plans to extend the operation of its fossil fuel power stations [1] - This extension poses a threat to Australia's ambitious goal of more than doubling renewable energy generation by the end of the decade [1]

Core Insights - The competition for the energy export market is intensifying between the US and China, with China currently leading in clean energy technology exports [1] Group 1: Clean Technology Exports - China's exports of electric vehicles, solar panels, batteries, and other carbon-cutting technologies reached a record $20 billion in August, according to Ember [2] - In the first seven months of the year, China exported $120 billion in green technology, significantly outpacing the US's $80 billion in oil and gas exports [3] - Despite falling technology prices, China's clean technology exports continue to grow, with a record 46,000 megawatts of solar power capacity shipped abroad in August [4] Group 2: Market Dynamics - More than half of China's electric car exports this year have been to emerging markets outside the OECD [5] - The US has focused on increasing fossil fuel production and exports under both the Trump and Biden administrations, but China's clean technology exports have surpassed US fossil fuel exports [6] - China is not only a major exporter but also a significant importer of oil and gas, indicating a strong domestic demand for energy [7]