All four of China’s major coal-price indices have stopped being updated after a concurrence of factors sent the price of coal surging in recent weeks – signalling that the government has stepped in to cool the overheated coal market, reported the South China Morning Post. The factors said to be responsible for the soaring prices […]
Category: Energy & Environment
China will fully lift access restrictions on foreign investment in coal, oil, gas, power generation, excluding nuclear, as well as the new energy businesses, according to a sector white paper released on Monday, reported Reuters. Separately, a top energy official told reporters that recent power shortages in some Chinese regions are singular cases and the […]
The new energy arm of power generation behemoth China Three Gorges Corp. has taken one step closer to a RMB 25 billion ($3.8 billion) IPO in Shanghai as it seeks keep up its cash-burning offshore wind farm expansion even as government subsidies dwindle, reported Caixin. China Three Gorges Renewables (Group) received approval for the IPO […]
China vowed to nearly triple its wind and solar capacity during the next decade, as President Xi Jinping joined other world leaders at a UN climate summit focused on new emissions targets, reported the Financial Times. Xi’s statement was the most consequential at a virtual summit that included more than 70 heads of state, hosted […]
China will improve its green finance standards to support carbon neutrality objectives and make it easier for foreign investors to enter the green finance market, central bank governor Yi Gang said on Wednesday via video at the Singapore Fintech Festival, reported Reuters. “We will promote harmonisation of green finance standards at home and aboard by […]