Forum Highlights Clean Energy Collaborations as Climate Change Challenges Abound

The recently concluded 2nd China-Europe-Africa Green Energy Development Forum has highlighted various green energy collaborations that are helping advance the transition to green energy as climate change challenges surge. In addition to helping address climate change and promoting sustainable development in all three markets, a top official from China said that increased cooperation between Europe, Africa, and China in the burgeoning green energy space will bring stability amidst global volatility and uncertainty.

Speaking at the forum in Wenzhou, Zhejiang province, China on October 19th, the Vice-Chairman of the 13th National Committee of the Chinese People’s Political Consultative Conference and China-EU Association president Liu Qibao said “only collaborative efforts” would be sufficient to address climate change effectively as it is an issue that affects the entire human race. Indeed, eliminating fossil fuels from the global energy mix, deploying renewable energy in mass, and upgrading energy grids in time to meet global climate change goals will require significant collaboration and investment across industries and borders.

The 2nd China-Europe-Africa Green Energy Development Forum drew plenty of senior officials from across the globe, diplomats, and industry leaders to discuss how to accelerate the transition to renewables and reduce the risks associated with climate change. It looks to strengthen partnerships between Africa, Europe, and China and help them build a clean energy development community that will help them deal with climate change challenges more effectively.

China is undoubtedly a global leader in green energy development, particularly in comparison to Europe and Africa. It manufactures the majority of the world’s photovoltaic solar panels and deploys massive amounts of green infrastructure each year. Europe, on the other hand, has also made significant strides in policy and deployment, but green energy development has been uneven across the continent. Furthermore, Europe still imports more clean energy products than it exports and buys a large portion of its solar panels from China.

Africa is rich in the mineral resources needed to support the green transition and has significant potential for wind and solar energy but struggles to attract green energy investments. Partnering with Europe and China will help the African market adopt clean energy at a pace similar to developed nations and ensure the world’s transition to green energy is fair and equitable. Africa could also provide a massive market for China’s surplus green energy products over the next couple of decades.

Liu noted that China has already launched several green action initiatives in recent years and is providing safe and reliable clean energy to the world through green energy infrastructure, green finance, green transportation, actual green energy, and renewable energy-related measures such as hundreds of green development and clean energy projects in various African nations as well as several bilateral and multilateral cooperative mechanisms and partnerships with Europe.

Critical mineral supplies are taking center-stage in the energy transition, and numerous mining industry firms like Reflex Advanced Materials Corp. (CSE: RFLX) (OTCQB: RFLXF) could benefit by availing alternative sources of these metals.

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