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Market Updates

February 7, 2014

Shijiazhuang plans to cut coal consumption

Shijiazhuang, one of China's smoggiest cities, plans to cut coal consumption by 15 million tonnes in four years, including 4 million tonnes this year. (China Daily)
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February 6, 2014

China pledges more efforts to enhance water management

China's Ministry of Water Resources said it has established a new performance appraisal system to evaluate local governments on their management of water resources. China will start implementing the performance assessment system in March. (Global Times)
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February 4, 2014

UN highlights China's progress on 'greening' its finance sector

China is the only major economy that has begun to integrate climate constraints into financial regulation. While these new regulatory policies are still in a development phase, they set the stage for comprehensive regulatory reform designed to decarbonise the Chinese financial sector. (China Diologue)
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January 27, 2014

China's top diplomat wants free-trade deal with Europe

Beijing's top diplomat called on Monday for China and the European Union to consider a multi-billion-dollar free-trade deal, a once unthinkable step that shows a big improvement in relations between two of the world's largest markets. (Reuters)
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January 27, 2014

Beijing to build 16 water reclamation plants

Beijing will begin construction on 16 new water reclamation plants this year to ease the thirsty capital with a stable "second water source," said water authorities on Saturday. To date, there are already 16 reclamation plants in Beijing. It is estimated that the consumption of reclaimed water in the city will reach 860 million cubic meters in 2014. (Xinhua)
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January 27, 2014

Energy efficiency to slow China's growth in coal, oil consumption

China is expected to continue increasing energy efficiency this year, resulting in muted growth in oil and coal consumption, according to new projections unveiled by the National Energy Administration on Friday. (Platts)
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January 27, 2014

Hanergy Solar to start building 3GW CIGS thin-film manufacturing complex in China

Hanergy Solar has said it will start construction of a planned 3GW CIGS thin-film manufacturing complex in Caofeidian, Hebei Province, China in March 2014 with tool install starting by the end of the year. (PV Tech)
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January 24, 2014

China's carbon market may remain a solo one as companies get rights to offset pollution with non-CO2 credits

China will allow big emitters to use offset credits from nitrous dioxide (N2O) destruction to meet domestic climate targets, giving its nod to a type of project that has been banned in other carbon markets. (Sydney Morning Herald)
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January 24, 2014

China bank regulator said to issue alert on coal loans

China’s banking regulator ordered its regional offices to increase scrutiny of credit risks in the coal-mining industry, said two people with knowledge of the matter, signalling government concern about possible defaults. (Bloomberg)
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January 24, 2014

China's BYD looks to triple sales of electric vehicles

The Shenzhen-based company, which has struggled for years to develop its green-cars business, aims to more than triple its electric-vehicle sales this year to 8,000 units, including 2,000 buses, with the bulk of the cars targeted at the taxicab industry. (Wall Street Journal)
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