As the planet’s number one emitter, there are hopes that renewed policies and reporting guidelines will pave the way for China to peak carbon emissions by 2030. While 2025 signals greener progress ahead, experts say the need to balance energy security interests, however, may see fossil fuels firmly in the grid for longer.
The year is likely to see cooperation between China and the European Union become more important, but both sides will have to carefully navigate developments that could lead to more trade friction. Transition finance is expected to grow.
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“Homeshoring”, or moving production back to a company’s home country, to counter geopolitical tensions is driving demand for low-cost migrant workers, raising labour risks in markets once deemed “low risk”, says the global assurance firm.