Attendees at the Boao Forum for Asia (BFA) Annual Conference 2025 had in-depth discussions on the energy transition in Asia on Wednesday, emphasizing the continent's urgent need to balance energy security with low-carbon development.
At a sub-forum themed "Jointly Building and Sharing of Green Power", participants lauded China's advancements in green development, with many of them saying the progress the country has made in fostering green and high-tech industries is evident.
Themed "Asia in the Changing World: Towards a Shared Future," the four-day conference which kicked off in the town of Boao in south China's island province of Hainan on Tuesday, has drawn nearly 2,000 attendees from more than 60 countries and regions to participate in more than 50 events and sub-forums as well as a series of bilateral meetings.
The second day of the forum on Wednesday was packed with a busy schedule which featured more than 20 sessions focusing on critical global issues.
Noting the opportunities the Asia is facing in its sustainable development of energy, they also acknowledged the challenges in power supply and achieving inclusive, low carbon development.
The key is to build an Asia-wide energy network to address disparities in resources, pricing, and demand, said Xin Bao'an, chairman of Global Energy Interconnection Development and Cooperation Organization (GEIDCO).
"To build such an energy internet, we need to efficiently allocate green electricity. For Asia, this means building a clean energy base in Asia and a major artery for power transmission, taking into account the differences in resource, time and price," Xin said.
"If we want to form a common green electricity system in Asia in the future, we need to build a new energy ecology together. We will build a safe ecological pattern with technical standards, build a benefit ecological pattern with price rules, and build a win-win ecological pattern with governance mechanisms," said Qian Chaoyang, general manager of China Southern Power Grid Company Limited.
Executives of energy enterprises at the panel discussion also highlighted China's decade-long advancements in wind power and smart grid technologies as a catalyst for Asia's transition.
"China has made great strides in the past decade in terms of new energy, especially wind power technology innovation. We believe that this kind of technology, equipment and industry chain can carry forward the green transformation of electricity and energy in Asia and promote inclusive energy. This is of great significance, and we have already taken actions," said Zhang Chuanwei, president of Mingyang Smart Energy Group.
"China has developed a number of technologies in the green sector. You can come here and do research and develop new products, new technologies with Chinese researchers, with Chinese engineers," said Matia Marino, CEO of Ambrosetti (Beijing) Consulting Ltd.
Asia's energy transition takes center stage at Boao Forum panel discussion
Asia's energy transition takes center stage at Boao Forum panel discussion
