Turkmenistan has started to sell gas to China through the world’s longest natural gas pipeline as it continues to develop an international export market for its vast energy reserves. Read more
Developing countries invested more in renewable energy than their developed counterparts for the first time last year, according to a report commissioned by the UN Environment Programme (UNEP). Read more
Try as it might to outrun market forces, China’s decision to hike electricity prices from June 1 shows that even the mighty mandarins in Beijing cannot ignore basic laws of supply and demand. They finally flinched late on Monday, announcing a roughly 3 percent increase in power prices for non-residential users in a move to combat looming blackouts by stimulating more electricity production and discouraging consumption. Read more
Chinese officials have warned in recent weeks that the country could face power shortages this summer in what would be an embarrassing setback for the world’s largest energy consumer. Read more
With oil firmly over $120 this week, Beijing responded by raising motor fuel prices on Thursday, the second time it has done so in a year.
More significant than the rises, however, is their restraint. The threat of inflation is such that Beijing has kept motor fuels much cheaper than the basket of international crude oils it uses as its reference. Read more
As Italy becomes the latest European government to consider changing its solar subsidies, ministers should pay attention to today’s report into green investment from the Pew Environment Group. Read more
In the immediate aftermath of the Japanese quake and beginning of the nuclear crisis, I wrote that the responses of the China and India, which are both planning major investment into new nuclear plants, was much more pro-nuclear than that of Western governments.
But now both have changed position. Read more
I wrote on Monday that China and India were pressing ahead with their nuclear building programmes even in the wake of the Japan crisis. Well, no longer, at least for the moment. China has just made an announcement that could have a huge impact on the nuclear industry. Read more
Just when you thought you’d heard all the impressive predictions about China in the coming years, BP comes out with another.
In a report released on Wednesday, the energy giant claims that China will be the largest source of oil consumption growth over the next 20 years – increasing consumption to 17.5m barrels per day – overtaking the US as the world’s biggest oil consumer in the process. Read more