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A COMPLEX GLOBAL ENERGY LANDSCAPE, CHINA'S ROLE, AND THE EU ENERGY TRANSITION​

      As the world’s second-largest economy, China plays an important role in global energy affairs. Yet China’s current position is unique in the history of the world economy: Its economic trajectory profoundly affects fuel markets, while state-controlled companies have emerged as indispensable players in both the processing of critical minerals and the manufacturing of components that are vital inputs for building the climate-neutral, electrified economy. In addition, for about two years the country has been coping with an economic crisis that the leadership has thus far failed to address decisively. How does China’s influence on the global energy system challenge EU’s imagination of the low-carbon energy transition?

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Leshan Giant Buddha (乐山大佛) in Sichuan Province, a 71-metre statue carved into red sandstone, overlooking the dangerous confluence of the Min, Qingyi, and Dadu rivers. During the flood in August 2020, muddy water reached the statue’s feet for the first time since 1949.

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