According to Prime Minister David Cameron, China is a crucial trading partner for the United Kingdom.
“.. the partnerships being made today will see real investment going into the north.”
The “Northern Powerhouse” deal is a government economic plan to open investments to Chinese investors to help the UK push forward economic growth to its maximum.
The North East Combined Authority will transfer powers over transport, strategic planning, employment and skills from the UK central government devolving to the region. In turn, it would build an investment fund with an initial allocation of £30m every year.
As the UK and China are to agree on a number of partnerships to unlock Britain’s potential, China will assign a Beijing firm as a contractor for educational, infrastructure and public works development projects.
Included is the Middlewood Locks regeneration project in Manchester.
Xi and Cameron will attend the Hainan Airlines direct flight route from China to Britain.
Many described the leader of China’s first visit since 2005 monumental as it will bring about the “golden era” of Chinese-British diplomatic relations.
Breaking The Old Model
The devolution of powers from Whitehall England Chancellor George Osborne says is a solution to the broken model of “running everything” from central London.
“It has led to an unbalanced economy and made people feel remote from the decisions that affect their lives.”
He added: “I am determined to end this situation and I want to thank those civic leaders who want to work with us to achieve it.”
A report from the International Renewable Energy Agency describes Africa’s modernisation could come from an accelerated uptake on renewable energy development in the country. Renewable energy development could lead to quadruple energy production that could contribute to technological developments in the continent.
IRENA views hydropower, solar power and biomass cooking systems as major contributing factors that by 2030, would help Africa quadruple its renewable energy production.
Solar and wind energy production in Africa, spearheaded by supportive policies, allowed the continent to produce floor-priced electricity prices. Biomass, which makes up 50 per cent of energy use in Africa to heat and cook food, is set for reduced indoor pollution development and efficiency development.
IRENA urges other countries to follow the examples of some African governments when it comes to policies for renewable energies and regulatory frameworks.
IRENA Director-General Adnan Z. Amin said the lower prices in African electricity production is due to Africa’s readily-available renewable energy sources combined with advanced energy-production technology.
“Tapping into renewable energy resources is the only way African nations can fuel economic growth, maximise socio-economic development and enhance energy security with limited environmental impact,” he said in a statement. “The technologies are available, reliable and increasingly cost-competitive. The onus is now on Africa’s governments to create conditions to accelerate deployment, paving the way for Africa’s unfettered, sustainable development.”