Official: China hopes US climate collaboration will continue whoever wins the election
A senior official in the Chinese government said that China hoped the United States would be able continue to work with other countries to combat climate change regardless of the results of the presidential elections next week. The 2015 Paris Agreement was made possible by the cooperation between China and the United States. They are the two largest emitters of greenhouse gases that cause climate change. The re-election by Donald Trump of the former president could bring an end to bilateral climate engagement…
China releases guidelines on green energy trading
A notice posted on the website of China's state planner said that China had issued guidelines on medium- and long term green power trading. The notice called for a market based approach. According to the joint notice issued by National Development and Reform Commission and National Energy Administration, the rule lays down a pricing mechanism whereby the green power price will be determined based on the electricity price plus price of the green certificates. The green certificates issued by NEA are tradable and represent 1…
China releases guidelines on green energy trading
A notice posted on the website of China's state planner said that China had issued guidelines on medium- and long term green power trading. The notice called for a market based approach. According to a notice jointly released by the National Development and Reform Commission and the National Energy Administration, the rule outlines a pricing mechanism whereby the green power price will be determined based on the electricity price plus a green certificate price. The report said that transactions should not have a price limit…
Report: China's declining coal plant approvals indicate a shift in energy policy
The sharp decline in the number of new coal plants in China indicates that the world's biggest builder polluting power stations is shifting its energy policy to more renewable development. However, coal will continue to play a major part, according a report on Thursday. China approved only 10 new coal-fired plants with a combined capacity of 9 gigawatts in the first six months of 2024, a drop of 83% from the previous year. This is according to the Helsinki-based Centre for Research on Energy and Clean Air and the U.S. Global Energy Monitor.
China wants to invest more in energy upgrades
China's State Planner has called for increased investment in equipment upgrades, to support the energy transformation. He said the market should be a leader. The National Development and Reform Commission issued a notice on Wednesday calling for an increase of 25% in investment to upgrade China's equipment to improve energy efficiency from 2023-2027. According to the notice, these investments will help support a Chinese cabinet-led program for equipment upgrades and trade-ins of consumer goods launched in March.
Greenpeace reports that China has reduced new coal power plant approvals by almost 80%.
A report by an environmental group shows that China, the largest coal-fired power station builder in the world, has cut the number permits for new plants almost 80% during the first half 2024. The report says time will tell if this is a turning point. Based on data from new project approvals, the Greenpeace East Asia Report also found that China's combined solar and wind capacity of 11.8 Terawatts (TW), exceeded coal capacity (11.7TW), for the first in the first half. This capacity accounted for 84.2% all new grid-connected power.
China to Boost Energy Reserve Capacity, Support Unconventional Gas Exploration
China said on Friday it will bolster the capacity of the country's energy reserves and offer lower gas and electricity charges to key industries, as it looks to ensure energy supply and offset the impact of the coronavirus pandemic.In energy announcements on the first day of the parliament, known as the National People's Congress (NPC), authorities also pledged to boost the country's oil and gas network and continue to support exploration for unconventional gas reserves.The…
China Cuts Gasoline, Diesel Retail Prices
China announced on Tuesday it would cut retail ceiling prices for gasoline and diesel for the second time in 2020 to reflect the decline in global oil prices, taking total cuts so far this year to around 10%.The National Development and Reform Commission said gasoline prices would be reduced by 415 yuan ($59.24) per tonne and diesel by 400 yuan.
China Expects Balanced Energy Supply/Demand
China's state planner expects this winter's energy supply and demand to be generally balanced amid increasing natural gas output and liquefied natural gas (LNG) imports, state news agency Xinhua reported on Tuesday.Citing unidentified officials from the National Development and Reform Commission (NDRC), Xinhua reported natural gas demand from residential users will grow by more than 3.8 billion cubic meters (bcm) this winter as China enters a third year of a drive to replace…
China Names CNPC Exec Top Energy Official
China's government has appointed a senior oil industry executive as the country's top energy official, state-run media China Energy News reported on Wednesday.Zhang Jianhua, president of China's largest oil and gas group CNPC, has been named director of the National Energy Administration, according to China Energy News, becoming the first oil industry executive to take that role.Zhang, 54, has spent most of his career in the refining industry, including over a decade of…
China Keeps LNG off Tariff List - for Now
China embroiled in festering trade dispute with United States even as Chinese imports of U.S. LNG expected to surge -Morgan Stanley. China's omission of liquefied natural gas (LNG) from its vast list of U.S. products that face hefty import duties from Friday has preserved a potential weapon should the trade war with Washington deepen. It also underscores Beijing's desire to ensure supplies of gas as it pushes to switch millions of households and businesses away from using coal as a key part of its 'war on pollution'. China will on Friday impose tariffs on $34 billion of U.S.
China, Venezuela Discuss Oil-related Cooperation
A senior official of China's National Development and Reform Commission (NDRC) and Venezuela's finance minister held discussions in Beijing on Wednesday about oil-related cooperation between the two countries. Earlier in the week, Venezuela said it will receive $250 million from the China Development Bank to boost oil production. The South American country previously accepted a $5 billion loan from China, which became Venezuela's principal financier over the last decade, but has recently cooled on Venezuela amid its economic meltdown and sharply declining oil production.
China Ramping Up Renewable Power
China will ramp up electricity generated by renewable energy this summer and give priority to residential use as some regions are due to experience power shortages, a spokesman for the nation's central policy planner said at a news briefing."The maximum load on the power grid has increased from last summer, leading to tight electricity supplies in some regions. Utilities will increase power output. We will also improve long-distance transmission of electricity to support provinces that report shortages…
China to take action against 'uncontrolled' hydro on Yangtze
China's has urged local governments along the Yangtze river to survey the environmental damage done by the "uncontrolled" development of small-scale hydropower, warning that some plants could be closed, according to a government notice on Wednesday.Local authorities have been instructed to conduct a survey into hydropower construction along the Yangtze River Economic Belt, which stretches from Yunnan in the far southwest to Jiangsu and Zhejiang on the eastern coast.Small plants that damage the environment…
China Could Meet Emissions Pledge Earlier Than Expected
China emissions could peak before 2030. China's top climate envoy on Wednesday said the country could meet its pledge to cap carbon emissions ahead of its target of around 2030, while a senior environmental official said plans for a carbon market were on track despite ministerial restructuring. Xie Zhenhua, China's chief negotiator on the Paris climate agreement in late 2015, said China has already met several objectives it promised to fulfil by 2020, including cutting its carbon intensity by 40 percent to 45 percent three years early.
China's CEFC Investigation Hits $9 billion Russian Oil Deal
Chinese conglomerate CEFC had already started paying for a stake in Russian oil giant Rosneft when the economic crime police took its chairman Ye Jianming away, halting the $9.1 billion deal in its tracks, according to three sources close to the matter. The fate of the deal, one of the largest Chinese investments in Russia, has become a litmus test of how far President Xi Jinping's government is prepared to go with a crackdown on financially risky activities among big-spending conglomerates.
China's Australian Coal Imports Slip on Port Congestion
Shipments from Australia slipped, imports from Russia surged. Chinese imports of coal from key supplier Australia slipped in November from a year ago, customs data showed, hit by heavy traffic congestion in Australian ports. Shipments from Australia <COA-AUCN-IMP> fell 0.3 percent in November from the same month a year ago to 5.59 million tonnes, data from the General Administration of Customs showed on Tuesday. That compared with October's 5.61 million tonnes. More than…
China's Utilities Ready for Coal Buying Spree
China's utilities are readying for a months-long buying spree to shore up thermal coal reserves ahead of the hotter summer months, sources say, in a strategy aimed at averting a supply crunch but which may drive prices higher. Top power generating companies will need to purchase more than 40 million tonnes of thermal coal by the end of June to provide a cushion of supply during the third quarter, the second-highest demand period of the year after winter, according to internal government calculations provided by a source briefed on the matter.
China's Crude Output to Dip 7 pct by 2020
Govt plans 4 mln bpd crude output for 2020, vs analyst's 3.5-3.6 mln bpd. China's crude oil output is expected to drop by 7 percent by 2020 compared with the previous five-year plan as output from some of the nation's largest, but oldest, wells falls, while natural gas supplies will rocket by almost two-thirds. Under a plan covering the period 2016-2020 published by the National Development and Reform Commission (NDRC) on Tuesday, crude output will be around 200 million tonnes by 2020, equivalent to 4 million barrels per day (bpd).
China's Coal Producers Seek to Increase Output
China's coal producers have sought government approval for a plan to increase output, sources said on Thursday, partially reversing efforts to cut capacity that has sent prices soaring and depleted domestic stockpiles this year. The State Council must now decide whether to give the greenlight to the draft proposal, which was discussed at a meeting in Beijing of major producers, provincial officials and the state planner, the National Development and Reform Commission, three sources familiar with the gathering said.
