Energy Efficiency

Read Full Story Despite its on-going political clamor about how the “war” against pollution is a national priority, the Chinese government doesn’t seem to be putting its money where its mouth is.
Last year China spent more on energy efficiency than the US for the first time, accounting for almost a third of the world’s total with USD4.3 billion invested, according to Bloomberg New Energy Finance (BNEF). Global energy efficiency spending rose almost five percent to USD14.9 billion in 2013.
Newly elected Tokyo governor Yoichi Masuzoe is following through on a campaign promise to create a joint public-private green fund for the development of renewable energy, according to the Japan Times.
Read Full Story Bloomberg has obtained an as yet unpublished United Nations report that states the cost of holding global temperatures to 2-degrees Celsius in order to avoid drastic changes in the planet’s climate may cost as much as four percent of economic output by the year 2030.
 Aussie Coal demand
China’s moves to clean up emissions in the manufacturing industry is putting billions of dollars in investment in the Australian coal industry at risk, according to new report from the Smith School of Enterprise and the Environment at the University of Oxford. The study, commissioned by HSBC’s Climate Change Centre of Excellence, found that coal projects could be “stranded” by a range of Chinese measures, including environmental regulation, carbon pricing, investment in renewable energy and energy efficiency.
Battling some of the worst pollution it has ever faced and increasing discord from the public and its neighbors, China has so far this year substantially stepped up the pace of adding clean energy capacity.
The Philippines Department of Justice (DOJ) has approved the Department of Public Works and Highways (DPWH) addition of green-building regulations in the National Building Code of the Philippines (NBCP).
China is facing significant environmental and social challenges that must be addressed if it is to achieve its sustainable development goals, according to a joint report released by the United Nations Environment Programme (UNEP) and the Chinese government.
HK Electric will provide subsidies on a matching basis to owners of old residential blocks to carry out energy improvement projects in public areas of their buildings with the setting up of an energy efficiency fund.
Tokyo Electric Power Co (Tepco) and three Mitsubishi group firms plan to build a new type of energy-efficient coal-fired power plants in Japan’s Fukushima prefecture.