China increased its rare earth mining quotas for the first-half of the year to a record level of 84,000 tonnes, a 27.6% jump from a year earlier, according to a Friday statement released by the Ministry of Industry and Information Technology, reported Caixin. The total quota for rare earth smelting and separation has been set at 81,000 […]
Category: Energy & Environment
Six Chinese state-owned utilities and infrastructure companies issued the nation’s first batch of carbon-neutral bonds totaling RMB 6.4 billion ($992 million) as part of China’s efforts to achieve President Xi Jinping’s pledge to become carbon neutral by 2060, reported Caixin. Carbon neutral bonds, as a type of green bonds, require assessment and certification by third-party […]
China will set up a new information platform to allow the public to track the emissions of polluting enterprises and help authorities prosecute those that break the rules or try to “evade supervision”, the environment ministry said, reported Reuters. According to the environment ministry, the new information platform will allow authorities and members of the […]
China put 38.4 gigawatts (GW) of new coal-fired power capacity into operation in 2020, according to new international research, more than three times the amount built elsewhere around the world and potentially undermining its short-term climate goals, reported Reuters. The country won praise last year after President Xi Jinping pledged to make the country “carbon […]
Renewable power has for the first time made up the bulk of China’s Belt and Road Initiative energy investments as the coronavirus pandemic accelerated a shift away from fossil fuels, new analysis showed, reported the Financial Times. The share of wind, solar and hydropower made up 57%, or about $11 billion, of China’s total investment […]