and use, secure energy supply and protect the
environment. China’s dependence and impact on
the international energy market opens great
opportunities for its international energy and
environmental industries. China’s enormous
demand for energy requires it to adopt comprehensive and diversified energy supply strategies,
enhance international cooperation in the development and deployment of alternative energy
technologies, and scale up the deployment of
renewable and new energy. China needs to
strengthen international energy information
exchange and data sharing and increase the
transparency and stability of international energy
markets. It also needs to improve international
energy cooperation by establishing a multilevel
international dialogue mechanism covering the
government, business community, academia and
non-governmental organisations.
10.4.5 Multi-task International Energy
Cooperation Processes
First, build a new international energy governance platform. Within the framework of the Belt
and Road Initiative (BRI), China will establish
new regional energy governance organisations,
expand cooperation with existing global energy
governance organisations, improve the dialogue
mechanisms, promote the reform of multilateral
energy laws and regulations, create energy trade
rules and standards, and establish new regional
energy financial systems.
Second, enable the interconnection of infrastructure networks. China will strengthen the
construction of Asia-Europe infrastructure, build
oil and gas pipelines in Asia, develop new
combined sea and road transport routes, and
construct and improve cross-border power
transmission systems to create all-round, multilevel, sophisticated and interconnected energy
networks.
Third, enhance international oil and gas
cooperation. China will deepen industry-wide
cooperation and seek the joint development of oil
and gas resources, promote the diversification of
overseas oil and gas resources and channels,
establish world-class transnational oil and gas
companies and international petroleum trading
centres, and deeply involve itself in the global oil
and gas pricing system.
Fourth, strengthen cooperation in clean
energy and energy efficiency technologies, and
lead the regional energy transition. China will
increase the export of energy-efficient technologies and make more effort to strengthen cooperation in energy technology innovation and
cooperation mechanisms to promote regional
renewable energy development.
Fifth, drive equipment manufacturers and
service companies to adopt China’s Go Out policy. China will enhance international cooperation
in energy equipment manufacturing, services and
engineering; actively participate in equipment
bidding activities for exploration and exploitation
projects of shale gas, coalbed methane and offshore oil and gas in BRI countries; and encourage
renewable energy equipment manufacturers of
solar photovoltaic panels and wind turbines to Go
Out to overseas markets. China will also
encourage domestic energy think tanks to participate in the activities, research, consulting and
assessment services of the International Energy
Agency, and provide intellectual support to deepen international energy cooperation.
In summary, China should become an active
participant in international energy cooperation
and help strike a balance in international energy
relations through cooperation. The Chinese
government should regard the advantages of
energy cooperation as an important prop to
economic development and its geostrategic
interests. The government should proactively
carry out energy diplomacy and adopt flexible
policies based on China’s national interests. It
should develop extensive relations with all types
of international energy participants to ensure
China’s energy security and maintain a stable
international energy market, thus facilitating
sustainable economic development in China and
globally.
672
W. Jigang and P. Webb
environment. China’s dependence and impact on
the international energy market opens great
opportunities for its international energy and
environmental industries. China’s enormous
demand for energy requires it to adopt comprehensive and diversified energy supply strategies,
enhance international cooperation in the development and deployment of alternative energy
technologies, and scale up the deployment of
renewable and new energy. China needs to
strengthen international energy information
exchange and data sharing and increase the
transparency and stability of international energy
markets. It also needs to improve international
energy cooperation by establishing a multilevel
international dialogue mechanism covering the
government, business community, academia and
non-governmental organisations.
10.4.5 Multi-task International Energy
Cooperation Processes
First, build a new international energy governance platform. Within the framework of the Belt
and Road Initiative (BRI), China will establish
new regional energy governance organisations,
expand cooperation with existing global energy
governance organisations, improve the dialogue
mechanisms, promote the reform of multilateral
energy laws and regulations, create energy trade
rules and standards, and establish new regional
energy financial systems.
Second, enable the interconnection of infrastructure networks. China will strengthen the
construction of Asia-Europe infrastructure, build
oil and gas pipelines in Asia, develop new
combined sea and road transport routes, and
construct and improve cross-border power
transmission systems to create all-round, multilevel, sophisticated and interconnected energy
networks.
Third, enhance international oil and gas
cooperation. China will deepen industry-wide
cooperation and seek the joint development of oil
and gas resources, promote the diversification of
overseas oil and gas resources and channels,
establish world-class transnational oil and gas
companies and international petroleum trading
centres, and deeply involve itself in the global oil
and gas pricing system.
Fourth, strengthen cooperation in clean
energy and energy efficiency technologies, and
lead the regional energy transition. China will
increase the export of energy-efficient technologies and make more effort to strengthen cooperation in energy technology innovation and
cooperation mechanisms to promote regional
renewable energy development.
Fifth, drive equipment manufacturers and
service companies to adopt China’s Go Out policy. China will enhance international cooperation
in energy equipment manufacturing, services and
engineering; actively participate in equipment
bidding activities for exploration and exploitation
projects of shale gas, coalbed methane and offshore oil and gas in BRI countries; and encourage
renewable energy equipment manufacturers of
solar photovoltaic panels and wind turbines to Go
Out to overseas markets. China will also
encourage domestic energy think tanks to participate in the activities, research, consulting and
assessment services of the International Energy
Agency, and provide intellectual support to deepen international energy cooperation.
In summary, China should become an active
participant in international energy cooperation
and help strike a balance in international energy
relations through cooperation. The Chinese
government should regard the advantages of
energy cooperation as an important prop to
economic development and its geostrategic
interests. The government should proactively
carry out energy diplomacy and adopt flexible
policies based on China’s national interests. It
should develop extensive relations with all types
of international energy participants to ensure
China’s energy security and maintain a stable
international energy market, thus facilitating
sustainable economic development in China and
globally.
672
W. Jigang and P. Webb