China’s annual “two sessions” gives an indication of China’s broad policy direction for the year, covering topics from the economy to industrial strategy to environmental protection. David Chen explains the highlights, and the implications for the nickel value chain.
After several years of negotiation between EU institutions, the EU Carbon Border Adjustment Mechanism (CBAM) Regulation was adopted in 2023.
In 2021, China recorded the strongest growth in the EV market with around 3.2 million EVs sold. This was an increase of 2 million EV units compared to 2020 which was more than the combined increase of all other regions taken together.
Major economies across the globe are setting climate neutrality targets. But proper measurement and methodologies are needed to provide transparency and common benchmarks when assessing carbon footprint. At a recent event in China, there was general consensus on the importance of adopting a harmonized approach to carbon footprint calculation and disclosure.
New advances in the use of Artificial Intelligence have the potential to speed up the process of alloy development.
New energy legislation is set to optimize China’s energy structure and boost the use of non-fossil energy. Aligning with China’s regulatory agenda, nickel will play a vital role in tomorrow’s world powered by cleaner energy.