[The investment ratio of clean energy to fossil energy increased to 1.7:1] Recently, the International Energy Agency's "2023 World Energy Investment" report was released in Beijing. Tim Gould, chief energy economist at the International Energy Agency, said that five years ago, the ratio of investment in clean energy to fossil energy was 1:1; now the ratio is 1.7 to 1. At the same time, investment in solar energy will surpass investment in oil production for the first time in 2023. In recent years, driven by economic growth, rising fossil fuel prices, and policy support, investment in the clean energy sector has maintained strong growth. Global energy investment is expected to reach $2.8 trillion in 2023, of which more than $1.7 trillion will be invested in clean energy, including renewables, electric vehicles, nuclear power, grids, energy storage, low-emission fuels, energy efficiency improvements and heat pumps, Gould said. At the same time, the gap between clean energy and fossil fuel investment is widening. Five years ago, the ratio of investment in clean energy to fossil energy was 1:1; today, the ratio has increased to 1.7 to 1. At the same time, solar investment will surpass oil production investment for the first time in 2023. In terms of fossil energy, more than $1 trillion is expected to be invested in traditional energy sources such as coal, natural gas and oil by 2023. Upstream oil and gas investment will grow by 7%, but will not return to pre-pandemic 2019 levels. Editor/Xu Shengpeng

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• 2024.05.07 17:10
• [Qatar has announced the launch of a national renewable energy strategy]
• Qatar Hydro Corporation (Kahramaa) today announced the launch of the Qatar National Renewable Energy Strategy (QNRES) to advance the sustainable development goals of Qatar's National Vision 2030. The strategy, developed by Kahramaa in coordination with 22 major energy entities in the country, aims to increase and diversify the use of renewable energy, with a focus on the use of solar power. With more than 2,000 KWH of solar power per square meter per year, Qatar ranks first in the world and is one of the countries with the greatest potential to produce photovoltaic power. According to the newly published strategy, Qatar aims to expand its large-scale renewable energy facilities to about 4 GW by 2030, while installing about 200 MW of distributed solar power generation equipment. The strategy will not only reap economic benefits, but also focus on environmental protection, improving air quality and contributing to Qatar's energy security through the diversification of the country's sources of power generation. Editor/Xu Shengpeng

• 2024.05.07 17:10
• [Malaysia is actively building a logistics hub in Southeast Asia]
• The Malaysian government has developed short - and long-term strategies aimed at strengthening the competitiveness of the country's major ports, namely Port Klang and Tanjong Palapas. Malaysian Transport Minister Lok Siu-fook said the strategy covers increasing port capacity, improving efficiency and productivity, and transforming to a low-carbon green port. In recent years, Malaysia has vigorously developed its port economy through a number of initiatives such as port expansion, port digitization and the establishment of free trade zones, and is committed to becoming a logistics hub in Southeast Asia. With the deepening of the Belt and Road Initiative, China and Malaysia have deepened port cooperation and further upgraded the level of port infrastructure construction and operation in Malaysia. At present, the Belt and Road cooperation between China and Malaysia has formed a pattern of the Malaysia-China Kuantan Industrial Park in the East, the Kuantan Port "One Park and one port", and the Port Klang in the west through the East Coast Rail line. Editor/Xu Shengpeng