In its effort to curb greenhouse gas emissions China is prepared to strictly control the consumption of non-renewable energy in the next five years by setting mandatory ceilings for local governments, a senior energy official said over the weekend.Jiang Bing, director of the development and planning department of the National Energy Administration, said at a forum that the central government has set ceilings for energy consumption at local levels for the 12th Five-Year Plan period (2011-2015).
China's biggest offshore oil producer, CNOOC Ltd , has been hit by another oil leak in north Chinese waters, state media reported on Saturday, following a June spill at a field run with ConocoPhillips that sparked wide concerns.
China's State Council announced on Monday that it will tax all natural resource products starting November 1, extending the resource tax on domestic sales of crude oil and natural gas from some regions to the entire country.Yesterday, the list of taxable resources widened from crude oil and natural gas to coal, rare earth, salt and metal.
The Chinese government will launch a nationwide campaign starting Saturday to inspect the country's offshore petroleum drilling and exploration businesses to prevent future oil spills, according to a report in Xinhua.
AES-VCM Mong Duong Electricity Ltd, in which AES Corporation holds a 51 percent interest, has deposited USD32.4 million with Vietnam's Ministry of Industry and Trade for the build-operate-transfer contract for the Mong Duong 2 thermo power plant project.
A national energy-saving campaign involving over 1,000 companies managed to save equivalent to 150 million tonnes of coal from 2006 to 2010, China's top economic planner said this week.
The Chinese government is to establish two new companies from the design and construction businesses of the power grid groups in a long deliberated move to restructure the power industry.
The International Energy Agency (IEA) has praised China's efforts in developing carbon capture and storage (CCS) technologies, the China Daily has reported."The Chinese government is making serious efforts in CCS in both investment and technological research, which has put it ahead of many other countries," said Ellina Levina, energy analyst of the agency's CCS unit, the newspaper quoted.
Biomass power plant provider DP CleanTech has been contracted to convert an ageing coal-fired power plant in Thailand to operate on waste wood such as eucalyptus bark.
China will encourage investment from various sources into the exploration and development of shale gas, an official said Sunday, as the world’s second biggest economy seeks to diversify its energy sources, according to the Global Times.
Japan's plans to move away from nuclear power and replace it with renewable energy sources will cost the country around USD280 billion in new investment by 2020 according to Greenpeace.
Legal experts have suggested China's maritime authorities file a criminal case against ConocoPhillips China, the operator of the two leaking platforms in Northeast China's Bohai Bay.
Australia’s government-backed Global Carbon Capture and Storage Institute announced on Monday that it will open an office in Tokyo in order to cooperate more closely with Japan on research into clean coal technology
The collaboration is focused on Japan’s research into converting brown coal into cleaner burning synthetic gas and Australia’s massive coal reserves and potential CO2 storage sites in Bass Strait.
US oil firm ConocoPhillips said yesterday it will suspend production at the Penglai 19-3 offshore oilfield in compliance with the order by China's maritime authority after missing a deadline to seal off oil leaks, according to a report in the Shanghai Daily.
Israel-based Lextran, a company focused on the removal of pollutants and toxics from flue gas emissions, has signed its second contract in China for the treatment of coal-fired flue gases of a steel factory.
Sino Clean Energy has announced a memorandum of understanding to design and build a pilot coal-water slurry plant in Thailand for Nathalin Welstar Energy. It took five months of negotiations to ink the deal.
Singapore's Neste Oil has been awarded the Frost and Sullivan's Asia Pacific Green Excellence Award for Product Innovation in Bioenergy. It was ranked as the best performer for its product profile and business commitment to sustainability and environmental accountability in the category of chemicals.
China's top maritime official on Thursday urged US oil giant ConocoPhillips to finish cleaning up oil spills in north China's Bohai Bay before the arrival of a deadline set by the government, stating that the company will face "enhanced supervision" if it does not do so, according to Xinhua.
This report by the World Bank spells out what the world would be like if it warmed by 4 degrees Celsius, which is what scientists are nearly unanimously predicting by the end of the century, without serious policy changes.
Companies in Asia reveal expectations that regulations that could lead to rising costs for reporting and reducing GHG emissions will also be the main sources of climate-related business opportunities.
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