Medjunarodni problemi 2021 Volume 73, Issue 1, Pages: 7-38
https://doi.org/10.2298/MEDJP2101007Z
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Cited by
China’s energy cooperation within the 17+1
Zakić Katarina (Institute of International Politics and Economics, Belgrade), katarina@diplomacy.bg.ac.rs
Šekarić Nevena (Institute of International Politics and Economics, Belgrade)
The paper analyses Chinese energy cooperation within the 17+1 Cooperation
Framework. In order to present the broader political context of this
collaboration, special attention is given to Chinese energy interests and EU
energy policy. Since the existing databases about Chinese energy projects in
17+1 were incomplete, the authors created a new dedicated database. The
authors address key questions about the principal projects involved such as:
what are the countries and energy subsectors in which China invests the
most; what are the main obstacles in existing energy cooperation; does this
kind of energy cooperation have a positive impact on the development of 17+1
members and is China successful in fulfilling its geo-economic strategy in
17+1 in regards to its overall energy policy. The authors find that China is
primarily interested in building coalfired power plants, but results remain
below expectations, with performance affected by a combination of EU
opposition, project costs, and internal political issues in the 17+1
countries. The nuclear energy subsector is where Chinese enterprises have
experienced some of their greatest failures, while the hydro energy
subsector still has potential for future development. In addition, China is
strongly investing in green energy and slowly but surely achieving its
energy policy goals as part of its broader geo-economic strategy. The
authors conclude that the overall effects of cooperation in the energy field
are promising, but there is still space for further improvement.
Keywords: China, 17+1, energy policy, energy cooperation, energy projects