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News

Market Updates

March 25, 2014

Huaneng and Shenhua leading Carbon Capture and Storage development in China

Wired journalist Charles C. Mann recently published an extensive piece on how CCS technology is working in China, visiting the GreenGen project by China Huaneng Group at the industrial city of Tianjin in north-east China and other CCS projects at the Shenhua Group’s Wulanmulun facility in Inner Mongolia. (Wired)

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March 25, 2014

China's Hangzhou latest city to restrict car sales

China's eastern city of Hangzhou has proposed limiting car sales to 80,000 units every 12 months, joining major cities, including Shanghai and Beijing, in the fight against snarling traffic and heavy smog. A final decision on details of the curbs will be released at the end of April, the government added. (Reuters)

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March 23, 2014

Chinese banks under “almost negligible” pressure to protect the environment

Companies and officials get blamed for pollution incidents, but rarely the financial bodies that lent the money, says senior state researcher Yuan Qingdan. (China Diologue)

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March 23, 2014

China premier says environment protection will spur growth

Chinese Premier Li Keqiang said on Sunday that efforts to improve the country's environment would create new business opportunities. "Environmental work and economic expansion shall be coordinated, because reducing production capacity creates huge business potential for new, green industries," Xinhua cited Li as telling a meeting. (Reuters)

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March 21, 2014

China to introduce tiered gas prices for household users

China will introduce tiered natural gas pricing for residential use by the end of 2015, as the world's biggest energy user moves to reduce consumption and raise revenues for companies supplying city gas. The reforms are part of a broad plan by Beijing to bring regulated domestic fuel prices more in line with those on the global market. (Reuters)

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March 20, 2014

Hanwha Solar to develop 100 megawatts of rooftop power in China

Hanwha SolarOne Co, the China-based photovoltaic manufacturing unit of South Korea's Hanwha Group, agreed to develop 100 megawatts of rooftop power systems in eastern China. The Wuxi New District Administrative Committee, in Jiangsu province, will provide rooftop space and facilitate government approval and grid connections. (Bloomberg)

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March 19, 2014

China deploys drones to spy on polluting industries

The deputy minister of environmental protection, Zhai Qing said drones have recently been used in Beijing, Shanxi and Hebei provinces to inspect for pollution. While the drones are mainly used to gather evidence about environmental breaches they are also employed to evaluate the performance of local governments in enforcing environmental protection. Environmental campaigners say that while increased monitoring is good, there should be more focus on policy and legal reforms. (Guardian)

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March 19, 2014

China's Shanghai aims for cleaner energy, lower CO2 growth

Shanghai will reduce the energy intensity of its economy by 3 percent this year through shifting from coal to natural gas and limit the growth of carbon dioxide emissions to 8.5 million tonnes, the city government said. (Reuters)

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March 19, 2014

Beijing brings forward deadline for world's first thorium-fuelled facility

In an effort to reduce the number of coal-fired plants, the Chinese government has brought forward by 15 years the deadline to develop a nuclear power plant using the radioactive element thorium instead of uranium. (The Guardian)

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March 19, 2014

Maker of in-wheel electric car motors goes to China

Protean Electric, an automotive start-up headquartered in Auburn Hills, Mich., is currently scouting sites for a manufacturing center in China and says the assembly line will be operational before the end of the year. The company expects its first customers to be Chinese automakers, who will use the motor in their plug-in hybrids or pure electric cars. (IEEE)

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