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Key developments
China called for ‘strengthened’ climate cooperation
‘URGENT ACTION’: As the COP30 climate talks in Brazil drew to a close (see today’s spotlight below), world leaders gathered in South Africa for the G20 summit, where China’s premier Li Qiang urged countries to “strengthen ecological and environmental cooperation”, “take urgent action” on climate issues and “accelerate” implementation of COP30’s outcomes, state news agency Xinhua said. The Hong Kong-based South China Morning Post said that, due to the US being a “no-show”, “China and its allies drove the consensus” leading to the final G20 leaders’ declaration, adding that it “delivered major wins for African countries on debt, climate and critical minerals processing”.
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MINERALS REGIMES: The G20 declaration included a call to ensure critical mineral value-chain resilience, highlighting “geopolitical tensions, unilateral trade measures inconsistent with [World Trade Organization] rules, pandemics or natural disasters” as potential risks, Bloomberg reported, in a “seemingly veiled reference to China’s sweeping export curbs”. Bloomberg also quoted Li defending China’s need to “cautiously manage” critical-mineral exports for military use, adding that China launched a “green mining initiative with 19 nations” at the summit.
MINING TIES: Meanwhile, China and South Africa agreed an “initiative for supporting Africa’s modernisation” pledging to “assist Africa in achieving a fair, just, open and inclusive green and low-carbon transition”, according to the Communist party-affiliated People’s Daily. The text also “encourages countries to strengthen international cooperation on green infrastructure and green mining”, including in “building responsible, transparent, stable and resilient critical mineral value chains”. Reuters said that, in a meeting between the Chinese and German government, Li “pitched stronger ties” in the face of tensions over rare-earth minerals. The UK has “rolled out a critical minerals strategy designed to reduce dependence on foreign suppliers by 2035”, Reuters also reported.
‘SPECIAL’ CONNECTION: Li highlighted China and Russia’s “special, strategic” cooperation in the “oil, gas, coal and nuclear sectors” in talks with Russia’s prime minister, Reuters said. However, at a meeting of the Shanghai Cooperation Organisation in Moscow, Li said governments “should work together to advance green and low-carbon transformation”, the People’s Daily reported. Executive vice-premier Ding Xuexiang also said at the China-Russia energy business forum that the two countries should “deepen cooperation on energy transition”, the People’s Daily also said. Russian oil and gas giant Gazprom is “pushing ahead with plans” for the Power of Siberia 2 pipeline, according to the Financial Times, which added that Chinese officials have yet to confirm the project.
Coal covered October’s power surge
COAL BACKUP: A heatwave in southern China in October caused a surge in power demand, with “coal-power plants picking up the slack amid slow growth in renewables”, Bloomberg reported. This could “make it difficult” for the country to see a plateau or reduction in carbon emissions this year, it added. David Fishman, principal at the consultancy Lantau Group, theorised on Twitter that this could have been due to the rigidity of China’s power-purchasing mechanisms, availability of coal power on spot markets and poor wind-power generation in October.
SLOWING APPROVALS: China’s permitting for new coal-fired power units is on track to hit its lowest level since 2021, according to new research from Greenpeace East Asia. Around 42 gigawatts (GW) of new capacity was permitted in the first three quarters of 2025, it said, noting that the amount of new coal power approved between 2021-2025 was still “more than twice the total permitted” between 2016-2020. Separately, Swiss bank UBS estimated that power demand in China will grow 8% between 2028 and 2030, said finance outlet Yicai.
RENEWABLES RISE: Meanwhile, 13GW of new solar capacity was added in October, as well as 9GW of wind and 8GW of thermal power, reported Bloomberg. According to energy news outlet BJX News, from January to October 2025, China added 253GW of solar, 70GW of wind and 65GW of thermal power, mostly coal.
Managing industry emissions
MARKETS EXPAND: China has approved plans to expand its national carbon market “via a test system” some time this year, reported Bloomberg, effectively confirming that steel, aluminum and cement will be covered in the mechanism by the end of 2025. The government has also released its third batch of methodologies for its voluntary carbon market, all of which are projects related to the country’s oil and gas sector, according to energy news outlet China Energy Net.
SUPER-POLLUTANT PLAN: Separately, the government issued two plans restricting the manufacturing of products using the potent greenhouse gases known as hydrofluorocarbons (HFCs) and a particular type of hydrochlorofluorocarbon (HCFC), such as refrigerators, freezers and insulation foam boards, reported state news agency Xinhua. An interview with an environment ministry official on the state-run China Environment News noted that the policies “clarify” that the HFC controls “include exported household refrigerators and freezers”, although it “excludes vehicle-mounted refrigerators”. Experts had previously told Carbon Brief that exported products were not covered by an action plan to enhance China’s HFC controls published in April that governs these two policies.
ALL-IN ON HYDROGEN: “Green hydrogen” capacity is being “ramp[ed] up”, said Bloomberg, with several projects coming online in the past few months “after Beijing signaled its continued support” for the sector. The government has “backed [hydrogen] tech with several pilot projects this year” and allowed the sector to access “carbon credits to help with funding”, it added. China has also developed its first “coal-to-chemicals project integrating green hydrogen”, which is forecast to produce 71m cubic metres of hydrogen per year, according to Reuters. Meanwhile, the hydrogen industry has also launched its first “anti-involution” initiative, pledging to avoid or prohibit actions such as “below-cost bidding”, “false planning” and “blind pessimism”, said economic news outlet Jiemian.
Spotlight
How China approached COP30 endgame
As negotiations at COP30 entered their final stages, China’s positions in several of the debates proved to be central to discussions.
Below is an excerpt of our coverage of what China said, wanted and got at COP30. The full article is available on Carbon Brief’s website.
Climate finance
One of China’s key priorities – the provision of “financial resources” from developed to developing countries under Article 9.1 of the Paris Agreement – proved to be a significant sticking point in negotiations.
With discussions on climate finance looming large, China proposed during the second week the development of a “practical roadmap for implementation”, predominantly by developed countries, of the $300bn per year “NCQG” climate-finance goal.
China delegation head Li Gao said this would help “avoid blame-shifting…and prevent further erosion of trust” on climate finance.
In the end, while COP30 resulted in a plan within the mutirão decision to develop a “two-year work programme on climate finance” that included a mention of Article 9.1, it was situated within the “context of Article 9…as a whole”. This means that developing countries’ contributions also fall under its scope.
“The EU needed to spend its biggest leverage [at COP30] to adjust the adaptation-finance goal,” Kate Logan, director of the China climate hub and climate diplomacy at the Asia Society Policy Institute (ASPI), told Carbon Brief.
EU-China non-alignment
There was a marked lack of EU-China coordination at COP30 overall, despite efforts to develop a united stance in July.
Multiple observers told Carbon Brief that early negotiations featured a rancorous back-and-forth between the two on the ambitiousness of their respective 2035 emissions reduction targets.
Another point of contention between the two was the role of “unilateral trade measures” (UTMs), which the “like-minded” bloc of developing countries (LMDCs, of which China is a member) asked to be included on the agenda.
Japan, the EU and others argued that other fora would be “more appropriate” for discussions. The EU also implied that China’s critical-mineral export restrictions could also fall into the scope of discussion, should the item be included.
Ultimately, China and others secured its inclusion in the mutirão text and agreement on three annual dialogues on UTMs, culminating in a “high-level event” and report in 2028.
China was also among the countries present for the COP30 presidency’s launch of an integrated forum on climate change and trade, although Carbon Brief understands that it has not formally joined the platform.
Meanwhile, a mention of critical minerals in a draft just-transition text – a potential first for COP – was deleted by the final version.
Joseph Dellatte, head of energy and climate studies at the Institut Montaigne, told Carbon Brief: “Even though the EU is worried about China’s trade measures on [critical materials], it still wants to strike a deal with Beijing.”
Fossil-fuel fracas
China also faced significant pressure on its approach to mitigating emissions.
It was not among countries supporting the idea of a roadmap away from fossil fuels as part of the COP30 outcome. It also opposed calls to emphasise the 1.5C temperature limit, instead “requesting the entire Paris Agreement temperature goal [which includes “well-below” 2C]…be mentioned”.
While the final mutirão text does emphasise the 1.5C limit, fossil fuels were not explicitly mentioned.
Arguments by China that the UAE dialogue should not become a “mini-GST [global stocktake]” also seem to have been considered, with no mention of an annual agenda item in the final outcomes.
The mutirão text “sends a red alert” on the consensus on fossil fuels, Greenpeace East Asia’s global policy advisor Yao Zhe told Carbon Brief.
But Li Shuo, director of ASPI’s China climate hub, said that, despite this, China’s prior agreement to transition away from fossil fuels would “guide its domestic energy reforms”.
Watch, read, listen
VISUALISING CHANGE: Greenpeace East Asia published its work with Chu Weimin, who has used drone photography to document how China’s clean-energy transition is reshaping “landscapes, communities and people’s everyday lives”.
CLIMATE ENVOY’S DEBRIEF: Climate envoy Liu Zhenmin explained why China felt a fossil-fuel roadmap was “unfeasible”, in a wide-ranging interview with the Paper held at the end of COP30.
NDC AMBITION: The Outrage + Optimism podcast spoke with Wang Yi, vice-chair of China’s expert panel on climate change, among others, during week two of COP30.
MISCONCEPTIONS: Wang Binbin, founding director of the Climate Future Global Innovation Lab, explained the thinking behind China’s climate strategy – and how mistranslations underplay its ambition – for China News.
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The number of nuclear reactor units in China, once the newest unit at Fujian Zhangzhou nuclear power plant – the world’s “largest Hualong One nuclear power base” – completes final checks, Jiemian reported. The unit began delivering power to the grid on 22 November.
New science
Climate warming and forest expansion significantly enhance China’s forest methane sink
Agricultural and Forest Meteorology
China’s forest methane sink “significantly increased” over 1982-2020, according to new research. The paper used a database of “forest methane fluxes” to produce a map of changes in forest methane uptake, finding that rising temperatures, decreasing soil moisture and forest expansion were the main drivers of the increased methane sink. The authors said their study “highlights the positive contribution of climate warming-drying and afforestation to methane sink enhancement”.
Quantifying global climate change impacts on daily record-breaking temperature events in China over the past six decades
International Journal of Climatology
A new study found that summer record-breaking high-temperature events occurred more frequently in China than “theoretically predicted”, while winter record-breaking low-temperature events occurred less frequently. The authors carried out statistical analysis of record-breaking events, using daily surface-air temperature data, collected over 1960-2023 from around 2,300 meteorological stations across China. They found a “more pronounced acceleration” in the frequency of high-temperature record-breaking events after the year 2020.
China Briefing is compiled by Wanyuan Song and Anika Patel. It is edited by Wanyuan Song and Dr Simon Evans. Please send tips and feedback to china@carbonbrief.org
The post China Briefing 27 November 2025: COP30 wraps; Climate and critical minerals at G20; Coal use up appeared first on Carbon Brief.
China Briefing 27 November 2025: COP30 wraps; Climate and critical minerals at G20; Coal use up
The launch of the Africa Energy Bank (AEB) has been put back yet again, raising doubts about the institution’s future ability to finance fossil fuel projects – its main objective – as global lenders retreat from such investments over climate concerns, experts told Climate Home News.
The bank, which had been billed to launch in September after a series of delays, is now scheduled to begin operations in November, according to the head of the African Energy Chamber, an advocacy body for the continent’s oil and gas sector.
Even as the world aims to transition away from fossil fuels, many African leaders have made clear they want to continue exploring and extracting the continent’s large oil and gas deposits – estimated at around 125 billion barrels of crude and over 600 trillion cubic feet of gas – to boost economic development.
As a group, Africa sided with a number of powerful oil-and-gas producing nations in blocking progress on negotiations to craft a global roadmap to transition away from fossil fuels at last year’s UN COP30 climate talks, although some countries did individually support the proposal.
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Campaigners oppose Dangote’s planned Kenya refinery over climate and ecological risks
Plans to build Africa’s second largest oil refinery in ecologically sensitive region criticised as “environmental recklessness” -
Tanzania pushed African nations to oppose fossil fuel transition at COP30
While chairing the African group at the summit, the gas-dependent nation advised the continent’s ministers to block language on transitioning away from fossil fuels
Meanwhile, major projects under development across the continent – including the 1,443-km East African Crude Oil Pipeline (EACOP) and Dangote’s 700,000-barrel-per-day Kenyan refinery – show that African governments see oil and gas as playing a significant role in meeting their energy and economic needs for many years to come.
In 2022, at a gathering of the African Petroleum Producers’ Organization (APPO) in oil-rich Angola, ministers from its member states adopted a resolution to create the Africa Energy Bank to finance projects for the production, use and trade of oil, gas and broader energy sources.
African control over energy resources
An article on the APPO website explains that the bank was conceived as a way to overcome “disenchantment” with fossil fuels among “the international community” which it said had crystallised around the “energy transition” concept.
“If Western countries, after having long taken advantage of the energy sources they now revile to develop, can afford the luxury of abandoning them, this is not the case in Africa,” it adds, noting that many of the continent’s economies are still largely dependent on oil and gas revenues.
A separate web page about the bank, also hosted on APPO’s website, says its objectives include financing the exploration, production and refining of oil and gas, as well as supporting member states in transitioning from fossil fuels to cleaner energy sources “while ensuring energy security”.
Said Addi, a former executive with Shell and energy commodities trading house Gunvor, said the new bank was judged necessary because financing for hydrocarbons from many traditional international lenders has become constrained.
In trying to fill this financing gap, Africa is not simply setting up another fund to support oil and gas, he added. “It is also an attempt to give African countries greater control over how their energy resources and infrastructure are financed,” he explained.
Nigeria to host the AEB
The energy bank – a joint initiative of APPO and the African Export–Import Bank (Afreximbank) – has so far suffered several delays and is almost two years behind schedule. The initial plan was to start operations in January 2025, with Nigeria as the host country, but the bank’s opening was delayed to June of that year to allow Nigeria time to finalise the construction of the bank’s headquarters in Abuja.
After the government announced the completion of the offices in late November 2025, a new launch date was set for January 2026, which was moved back to April, June and then September. Now it has shifted again to November, raising concerns that the institution may be losing momentum.
Former Shell executive Addi said that if the capital is eventually paid in, the bank becomes operational and its first projects are commercially credible, then the delays will be regarded as normal teething troubles in setting up a multilateral institution. But, he added, scepticism will be justified if it continues to stall.
Uganda may see lower oil revenues than expected as costs rise and demand falls
Baron Lamarré, an oil and gas expert and former Petronas oil trader, said that missing “three deadlines in a row is not normal”, and warned that if the timeline slips again, “the story flips from ‘ambitious institution finding its footing’ to ‘good idea that lost momentum before it found any’.”
The Nigerian government, APPO and Afreximbank did not respond to requests for comment by the time of publication.
The funding challenge
The Africa Energy Bank is targeting base capital of $5 billion, with plans to scale up to $120 billion within five years by mobilising private-sector funds. However, it is expected to start operations with initial seed capital of $500 million.
The funding plan is to have the 18 member countries of the APPO contribute $83 million each to the bank as equity for a combined $1.5 billion. Afreximbank, other non-APPO African countries and investors outside the continent are expected to provide the remaining $3.5 billion.
But even the initial $500 million has not been easy to mobilise. In May, APPO Secretary-General Farid Ghezali called on members to deliver on their pledges towards the startup goal before the end of June. But the delays suggest this may not have been met, with experts saying Africa may be finding it difficult to self-fund its oil and gas projects in the absence of international capital.
Lamarré said every extension of the deadline points to the fact that “raising fossil fuel capital in Africa without the majors and their financing networks is brutally hard”.
Why the global electrification agenda misses the point on Africa’s energy crisis
Since 2020, Western lenders, export credit agencies and insurers have been in steady retreat from African hydrocarbons, he said, while oil majors are divesting their African assets, handing over fields to smaller local operators whose credit ratings are not high enough to borrow cheaply.
Even capital from China and the Gulf, which has partially filled the gap, cannot match the volume, tenor or pricing that Western investors once offered, Lamarré argued.
“If mobilising the first $500 million of seed capital [for the AEB] has taken this long, that’s the clearest signal yet of how steep the climb to $120 billion looks,” he said, noting that the continent’s energy financing gap is as large as $30 billion-$45 billion per year.
Africa’s investment landscape, meanwhile, has been shifting. While foreign direct investment dropped from a 2024 peak, inflows remained roughly one-third above the continent’s long-term average in 2025, according to the 2026 World Investment Report from UN Trade and Development (UNCTAD). They are concentrated in a few sectors including critical minerals needed for renewable energy technologies, battery manufacturing and advanced industrial production.
At the same time, data on global energy investment from the International Energy Agency (IEA) shows that fossil fuel investment in Africa has declined over the last decade.
“Trojan horse” for fossil fuels
While the Africa Energy Bank struggles to get off the ground, climate campaigners have criticised its primary aim of financing oil and gas on the continent at a time when the world is starting to move away from high-carbon fuels to cleaner alternatives.
Bhekumuzi Dean Bhebhe, founder of Africa Change Lab, described the bank as a “Trojan horse”, arguing that its focus on fossil fuel financing runs counter to the global energy transition and the African Union’s Agenda 2063 goals of sustainable development and inclusive growth.
The energy bank, he warned, “risks locking Africa into a new cycle of debt, dependency and fossil fuel entrenchment”, adding that its financing blueprint does not pave the way for a climate-resilient future. “In truth, it is to deepen the same extractive, carbon-heavy pathways that the continent should be moving away from,” he added.
Ugandan farmers use British court to try to stop East Africa oil pipeline
Kenya-based climate and energy expert Joab Okanda said the AEB’s plan to finance oil and gas is “a misplaced priority” and it should instead back clean energy in line with the policies of some of Africa’s major export markets like Europe.
In addition, the new bank could struggle to mobilise enough resources to advance large-scale oil and gas projects, he added, noting that its proposed $5-billion initial capital is equivalent to the cost of the East African Crude Oil Pipeline alone.
The AEB’s aim of backing more fossil fuels should be flipped “to support countries that are oil-dependent to start working on their transition plans”, Okanda said.
The post Launch of Africa Energy Bank delayed again in blow to oil and gas hopes appeared first on Climate Home News.
Launch of Africa Energy Bank delayed again in blow to oil and gas hopes
A booklet published by the UK’s opposition Conservative party includes a “cost of net-zero” that appears to have been doubled by a spreadsheet error.
The “common sense” policy document argues that “what people ultimately want is a government competent enough to solve the problems for which it takes responsibility”.
In a section that says “sophisticat[ed]…modelling” should not be a substitute for “political judgement”, the “Right Way” document disparages various estimates of the cost of net-zero.
The Conservative document then claims – incorrectly – that the government’s official adviser, the Climate Change Committee (CCC), had put the cost of net-zero at close to £1tn. It says:
“In 2020, the CCC estimated that its route to net-zero would cost £957bn.”
In fact, the CCC’s 2020 estimate was exactly half this amount – £478bn – and last year it published a revised figure of £108bn, largely as a result of the falling cost of electric vehicles (EVs).