China’s energy cooperation within the 17+1

Zakić, Katarina and Šekarić, Nevena (2021) China’s energy cooperation within the 17+1. Međunarodni problemi = International problems, LXXIII (1). pp. 7-38. ISSN 0025-8555

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Abstract

The paper analyses Chinese energy cooperation within the 17+1 Cooperation Framework. In orderto presentthe broader political context ofthis collaboration,special attention is given to Chinese energy interests and EU energy policy. Since the existing databases about Chinese energy projectsin 17+1 were incomplete,the authors created a new dedicated database. The authors address key questions about the principal projectsinvolved such as: what are the countries and energy subsectorsin which China investsthe most; what are the main obstaclesin existing energy cooperation; doesthis kind of energy cooperation have a positive impact on the development of 17+1members and is China successful in fulfilling its geo-economic strategy in 17+1 in regards to its overall energy policy. The authorsfind that China is primarily interested in building coalfired power plants, but results remain below expectations, with performance affected by a combination of EUopposition, project costs, and internal political issuesin the 17+1 countries. The nuclear energy subsectoris 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 butsurely 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 isstillspace for further improvement.

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