China Solar Group and regulator propose reforms in tendering to increase prices
The Chinese industry ministry and the solar sector association are proposing changes to power plant tendering in order to combat falling equipment prices which has led to manufacturers making losses. China's solar panels producers are calling for government intervention to boost prices that have been kept low due to overcapacity, even though China's trading partner have complained about overproduction's effects on their domestic industries. In the proposed plan…
China to Expand Coal Ban to Suburbs
China will expand its bans on coal burning to include suburban areas as well as city centres in efforts to tackle air pollution, the top energy agency said on Tuesday. Detailing its clean coal action plan 2015-2020, the National Energy Administration (NEA) said it would promote centralised heating and power supply by natural gas and renewables, replacing scattered heat and power engines fuelled by low quality coal. The world's biggest coal consumer will ban sale…
China: Reduce Coal Use, Pollution
China will reduce coal consumption and boost energy efficiency as part of efforts to lessen air pollution, according to an action plan released by the government on Friday. The world's top consumer will cut coal consumption by over 80 million tonnes by 2017 and more than 160 million tonnes by 2020 through efficiency measures, under the 2015-2020 plan from the Ministry of Industry and Information Technology. China's annual coal consumption, at about 3.7 billion tonnes, accounts for roughly 66 percent of the country's energy demand.
Oil Falls to $85 on Strong Dollar, Supplies
Brent falls 10 pct in October, WTI down 11 pct; Dollar strong after U.S. GDP data. Brent crude oil fell more than a dollar towards $85 a barrel on Friday as a firmer dollar and a well supplied oil market pushed the benchmark towards its steepest monthly decline since 2012. The U.S. dollar rose to a three-week high on Thursday, after data showed the U.S. economy grew 3.5 percent in the third quarter, topping market estimates for a 3 percent rise. A strong dollar makes commodities such as oil more expensive for buyers using other currencies, suppressing demand.
China's coal industry says times are hard, outlook worse
More than 70 percent of China's coal firms are making losses, the head of the coal industry association said on Thursday, with prices eroded by falling demand growth, a worsening supply glut and a war on smog. Wang Xianzheng, the chairman of the China Coal Industry Association, told an industry forum that the problems facing the coal sector were expected to get worse, official news agency Xinhua reported. Wang said the problems had been piling up for the sector since the second half of 2012…
