China will end its one-year-old control of thermal coal prices beginning January 1 as prices for coal have stabilized and demand balanced, a statement issued on Monday by the National Development and Reform Commission said.
China has set a price for electricity generated from waste-to-energy plants that is double the amount paid to generators of power from coal-fired projects in a bid to encourage more development of renewable energy.
Even as coal production continues to rise in Mongolia to meet increasing regional demand, the country’s energy sector has actively embarked on a campaign to and tap into one of the world’s biggest alternative energy sources.
China's five biggest power companies reported sharply wider losses in their thermal power ventures in the first seven months, hit by increasing costs of coal and financing, according to the latest figures.
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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