Thursday, August 19th, 2010
China is likely to become the largest market for plug-in electric vehicles thanks to a larger relative government investment, but will trail the U.S. in hybrid sales.
The Chinese government announced it will spend $14.7 billion through 2020 on alternative drivetrain vehicles, with the bulk of the money going towards all-electric vehicles, according to news reports quoted (more…)
Wednesday, August 18th, 2010
(Reuters) – A UN panel will review carbon offset issuances requests by three Chinese greenhouse gas destroying projects, a UN spokeswoman said on Tuesday, a sign the most lucrative projects under the Kyoto Protocol may face more scrutiny.
The Shandong Dongyuen, Zhejiang Dongyang and China Fluoro projects, which (more…)
Friday, August 13th, 2010
For a long time the energy efficiency industry operated largely under the two-guys-and-a-truck-model: local businesses made up of small contractors.
Then the ‘super’ energy efficiency service companies (ESCOs) emerged, big operations taking on big contracts often for government, schools or hospitals, like the (more…)
Tuesday, August 10th, 2010
The Chinese government has ordered the closure of 2,087 aging steel and cement mills and other factories in an aggressive push to improve the country’s energy efficiency. The closings — which target “backward” facilities that produce steel, coke, paper, and other products — are part of a drive to reduce energy consumption per unit of economic output (more…)
Friday, July 30th, 2010
North America and Europe are typically viewed as the leaders in the green building marketplace. Collectively, they have thousands of commercial and residential properties certified under an alphabet soup of programs such as LEED, BREEAM, and HQE. However, the Chinese market is catching up quickly—with the force of the Chinese government behind it. (more…)
Wednesday, July 21st, 2010
China has overtaken the United States to become the world’s largest consumer of energy, according to the International Energy Agency (IEA). The agency reported that in 2009 China consumed 2,252 million metric tons of oil equivalent in the form of crude oil, coal, natural gas, nuclear power, and renewable sources, surpassing the 2,170 million tons used by the United (more…)
Monday, July 12th, 2010
China, which last year walked away from COP 15 without agreeing to anything, now wants to hold its own climate talks.
The talks, scheduled for October, according to the UN’s top environmental official, Achim Steiner, will take place in the northern Chinese port of Tianjin, northwest of Beijing.
Government officials around the industrialized world are hoping that the Tianjin talks will pave the way for a new, binding, climate change treaty after COP 15’s (more…)
Tuesday, July 6th, 2010
The Chinese government has applied for the rights to conduct deep-sea mining for valuable metals in the international waters of the southwestern Indian Ocean. Using remotely operated underwater vehicles, China identified a reserve of sulphide deposits near a pocket of hydrothermal vents, located more than 5,000 feet beneath the ocean’s surface. They hope to mine valuable metals — including copper, nickel, and cobalt, which are used in the production of high-tech products such as cellphones, laptop computers and batteries. (more…)
Tuesday, June 15th, 2010
The US wind power industry is facing huge problems that have led analysts to forecast a 60% drop in installations this year. This will be the first year since 2004 that the industry will not grow. The main reason for this set back is that we have nearly run out of high wind areas with easy access to transmission. This combined with extremely low prices for natural gas have led the industry back to the drawing board. (more…)
Wednesday, April 7th, 2010
China’s offshore oil and gas company CNOOC agreed in early April to buy 3.6 million tons of liquefied natural gas (LNG) per year until 2030. The Australian LNG energy project is operated by BG Group. Though the precise value for the deal is confidential, Australian officials confirmed estimates its worth about AU$80 billion (S$103 billion) — the country’s biggest single company-to-company contract ever.
The latest CNOOC deal now makes China the world leader of investments in clean energy. For 2009, China spent $35 billion, double what the U.S. did at $18.6 billion ranking second. China plans to spend even more in the year ahead, ramping up projects in renewable energy, including wind power and solar PV manufacturing, clean water and non-renewable energy sources, such as natural gas and oil. In total more than $162 billion was invested in clean energy worldwide, reports the Pew Research Center Trust.