China has suspended its plan to implement a nationwide gasoline blend containing 10% ethanol this year, said Reuters sources, following a sharp decline in the country’s corn stocks and limited production capacity of the biofuel, reported Reuters. The reversal is a heavy blow to domestic producers that have built new plants, as well as biofuel […]
Category: Energy & Environment
Tesla delivered its first mass-market Model 3 from its Shanghai factory to Chinese customers on Tuesday, turning the screw tighter on foreign carmakers as they struggle to make the switch to electric in the world’s biggest auto market, reported the Financial Times. With the axing of generous subsidies for battery-powered cars and ambitious targets to […]
China must end the construction of all new coal-fired power plants in order to meet long-term climate goals in the most economically feasible manner, according to a study co-authored by a government-backed research institute, reported Reuters. China’s energy strategy over the next decade is under close scrutiny as it aims to bring climate warming carbon […]
Categories
China falls back on coal
China’s efforts to wean itself off coal are losing steam, as the world’s biggest carbon emitter is putting economic growth and energy security above its ambitions to be a leader in combating climate change, reported the Wall Street Journal. Coal consumption is back near peak levels after rebounding over the past three years, despite China’s […]
China’s State Grid has agreed to buy a 49% stake in Oman’s Electricity Holding Company, signaling a renewed push by the world’s largest utility to strike big-ticket deals for overseas assets, reported the Financial Times. State Grid said in a statement on Monday that the purchase — by far the largest Chinese investment on record […]