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China makes systematic arrangements for comprehensive green transition

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      China

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      China makes systematic arrangements for comprehensive green transition

      2024-08-12 13:28 Last Updated At:18:07

      China has made systematic arrangements for comprehensive green transition in all areas of economic and social development at the national level for the first time.

      The Communist Party of China (CPC) Central Committee and the State Council have recently unveiled a set of guidelines on to ramp up green transition in all areas of economic and social development.

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      China makes systematic arrangements for comprehensive green transition

      China makes systematic arrangements for comprehensive green transition

      China makes systematic arrangements for comprehensive green transition

      China makes systematic arrangements for comprehensive green transition

      China makes systematic arrangements for comprehensive green transition

      China makes systematic arrangements for comprehensive green transition

      China makes systematic arrangements for comprehensive green transition

      China makes systematic arrangements for comprehensive green transition

      China makes systematic arrangements for comprehensive green transition

      China makes systematic arrangements for comprehensive green transition

      China makes systematic arrangements for comprehensive green transition

      China makes systematic arrangements for comprehensive green transition

      The guidelines have raised a raft of work tasks such as optimizing the development and protection of territorial space, promoting the green and low-carbon transition in industrial structure and the energy sector, as well as promoting green transition in the transport sector and urban-rural development.

      "A prominent feature of this document is the word 'comprehensive'. Comprehensive green transition means integrating the requirements of green transition into the overall economic and social development and promoting green transition at all fronts and in all fields and regions. It will help further shape China's new development advantages and create a more globally competitive modern economic system for the country," said Liu Qiong, director of the National Energy Conservation Center of the National Development and Reform Commission (NDRC).

      According to the NDRC, the guidelines were issued at a time when China has made historical achievements in green and low-carbon development since the 18th CPC National Congress in 2012.

      According to the guidelines, the main objectives are that by 2030, the country will achieve "remarkable results" in the green transition in all areas of economic and social development; and by 2035, a green, low-carbon, and circular development economic system will be basically established and the goal of Beautiful China will be basically achieved.

      The guidelines also put forward quantitative work goals for different fields. By 2030, the scale of the energy conservation and environmental protection industry in the country will reach about 15 trillion yuan (about 2.1 trillion U.S. dollars), the proportion of non-fossil energy will increase to about 25 percent of energy consumption, and the installed capacity of pumped storage hydropower will exceed 120 million kilowatts.

      China makes systematic arrangements for comprehensive green transition

      China makes systematic arrangements for comprehensive green transition

      China makes systematic arrangements for comprehensive green transition

      China makes systematic arrangements for comprehensive green transition

      China makes systematic arrangements for comprehensive green transition

      China makes systematic arrangements for comprehensive green transition

      China makes systematic arrangements for comprehensive green transition

      China makes systematic arrangements for comprehensive green transition

      China makes systematic arrangements for comprehensive green transition

      China makes systematic arrangements for comprehensive green transition

      China makes systematic arrangements for comprehensive green transition

      China makes systematic arrangements for comprehensive green transition

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      Trump's 20 pct tariffs on EU raise concerns for Italian wine export

      2025-04-03 17:20 Last Updated At:17:47

      Wine companies in Italy are anxious as U.S. President Donald Trump signed an executive order on the so-called "reciprocal tariffs," imposing a 20-percent tariff on the European Union.

      Giulia D'Alema, head of a family-owned wine business in Italy's Umbria region, is facing significant uncertainty for the upcoming wine sales season following the announcement of tariffs on EU products, including wine.

      Her family's 7.5-hectare vineyard has completed its major annual tasks — trimming, tying, and weeding — to ensure healthy grape growth and a fruitful harvest.

      However, despite these preparations, D'Alema is troubled by the looming threat of new tariffs on Italian wines exported to the United States.

      The United States is a key market for Italian wines, with exports valued at approximately 2 billion euros in 2024 alone.

      Yet, the announcement by U.S. President Donald Trump has put this vital export market at risk.

      "If tariffs are imposed, U.S. importers won't be able to import my wine because selling my rose will no longer be profitable for them. I've already increased production specifically for this (U.S.) market, so now I have to find other ways to absorb this surplus," said D'Alema.

      In the wine-producing region of Umbria in central Italy, it is the small and medium-sized wineries that are hit the hardest. Large enterprises can mitigate risks by adjusting their market strategies, but small family-owned businesses often rely on a single market. The imposition of tariffs creates a great deal of uncertainty for their operations.

      In 2024, Italy's bottled wine exports to the United States reached 1.94 billion euros. According to calculations by the largest agricultural association in Italy, the Italian Confederation of Farmers (CIA), if tariffs prevent Italian wines from being exported to the United States, Italian wineries could face daily losses of 6 million U.S. dollars.

      Trump's 20 pct tariffs on EU raise concerns for Italian wine export

      Trump's 20 pct tariffs on EU raise concerns for Italian wine export

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