(Source: Climate Action Programme) China and India have overtaken the U.S. to become the two most attractive nations for renewable energy investment – according to a report released by Ernst & Young. The U.S. now stands at third place behind first place China, followed by India. Read full story….
(Source: First Post) India is treading a strong renewable energy path post-Paris Agreement as it witnesses a step-up in Chinese investments in solar energy. Additionally, there’s a significant slowdown in Chinese investments in thermal power plants. This fact of slowdown came to light in a just-released report of the Global Environmental […]
(Source: Bloomberg) China is setting its sights on U.S. energy as a growing reliance on imports forces it to look beyond traditional suppliers, according to the head of the country’s biggest oil and gas company. China National Petroleum Corp. will import more crude oil and natural gas from the U.S. and […]
(Source: Chinadaily) China will close its only offshore coal mine, which has been in operation for more than 30 years, in October, as the government toughens its efforts to phase out excess production capacity. The Beizao Coal Mine, owned by the Shandong Energy Longkou Mining Group in eastern Shandong province, is […]
(Source: Bloomberg) Saudi Arabian Oil Co. agreed to build a refinery and petrochemical plant in China, deepening ties between world’s biggest oil seller and its largest importer. Saudi Aramco, as the company is known, and state-owned China North Industries Group Corp. signed an agreement Tuesday for an integrated refining and chemical […]
(Source: World Coal) China’s coal industry is undergoing a massive transformation that is reducing coal consumption and making the coal-burning process more efficient. It is predicted that by 2020, efficiency standards for coal-fired power plants in China will be so strict that not a single US coal plant will be able […]
(Source: Clean Technica) The changing face of coal use in both China and India is likely to reduce the projected global carbon emissions growth by approximately two to three billion tonnes by 2030 compared to forecasts made a year ago, according to a new briefing by the Climate Action Tracker. China’s […]
(Source: CNE Mission) Guangzhou carbon emissions exchange releases a “2013-2-15 Guangzhou carbon market evaluation & China’s carbon market analysis report”. The purpose of the report is to analyse the various policies, carbon products and transation data in Guangdong carbon exchange and the national pilot carbon market. Read full story….
After four weeks of high volumes, liquidity subsided in the Chinese ETS pilots reflecting the drop in volumes in the spot markets of Chongqing and Guangdong. The total volume (610,869 tons) fell by 80% from the previous week and the total turnover generated Y9.5 trillion. The volumes in CQEA retreated back to five […]
(Source:Reuters) China is expected to complete the sections of the massive Russian oil and gas pipelines that lie in the northeastern province of Heilongjiang by the end of next year, a top provincial official said on Friday. The oil pipeline, from Mohe at the Russian border to the city of Daqing, […]