China National Petroleum Corp., the parent of the country’s biggest energy company PetroChina Co. (857), said its chairman was given a “disciplinary warning” by the government after accidents at Dalian port since July last year.
Showing posts with label China energy. Show all posts
Showing posts with label China energy. Show all posts
Saturday, November 26, 2011
Friday, October 28, 2011
Emerging Markets Bulls Seeing Rebound Push Calls to Two-Year High: Options
Options traders are making more bets than any time since 2009 that emerging market equities will climb after valuations fell to the lowest levels in three years.
Saturday, March 5, 2011
For China, Energy a Dual Security Threat
China laid out ambitious goals for slashing energy consumption and easing its environmental woes on Saturday, signaling that the government is taking note of national-security risks that come with the nation’s voracious appetite for natural resources.
Energy consumption and environmental protection are key topics in Chinese premier Wen Jiabao’s work report this year, with new targets outlining the nation’s efforts to raise its use of nonfossil fuels to 11.4%, from 8% currently. Beijing also aims to reduce energy consumption by 16% per unit of GDP over the next five years.
Energy consumption and environmental protection are key topics in Chinese premier Wen Jiabao’s work report this year, with new targets outlining the nation’s efforts to raise its use of nonfossil fuels to 11.4%, from 8% currently. Beijing also aims to reduce energy consumption by 16% per unit of GDP over the next five years.
Friday, January 21, 2011
Energy security a journey of 1000 miles
The deeper you delve into the proposed vision of a smart, clean-energy grid — much less a supergrid — the more daunting the task appears. Looking into the future is like working your way through a set of matryoshka dolls, never quite sure where it will all end.
Still, as the Chinese proverb says, a journey of a thousand miles begins with a single step. And there are some good steps forward being taken in the smart-grid space these days.
Some energy companies, for example, seem well on their way to meeting smart-metering and energy-management targets. In the UK, electricity supplier Opus Energy recently announced it had installed a total of 12,000 smart meters and expects to outfit 20 per cent of its customers with the meters this spring. The company says that puts its well ahead of the government’s 2014 deadline for smart-metering maximum-demand users.
Meanwhile, a group of 10 countries — the UK, Ireland, Sweden, Denmark, Germany, the Netherlands, Luxembourg, France, Norway and Belgium — is backing plans for a North Seas supergrid that would link renewable energy sources across a wide swath. The idea behind the plan is to eliminate some of the problems with intermittent clean-energy sources by broadening the offshore electricity grid’s reach. In theory, if British winds are producing lots of energy when local demand is low, the surplus electricity could be transmitted all the way to Norway, where it could be used to pump water at hydropower plants. That stored hydropower energy could then be sent back to the UK when local demand goes up but the wind isn’t blowing.
It’s still early in the process, of course. For now, the supergrid organisation’s goals are primarily to identify policy considerations, scenarios and cost assessments. The actual work of building the supergrid remains farther out.
There’s no question that just maintaining the grid we have, never mind building new transmission lines and smart interconnections, will be a costly, time-consuming proposition. Will it be worth it, though? Undoubtedly yes … not only in terms of greater amounts of usable renewables but in more resilience of the system overall. Besides, there are a lot of efficiencies we can wring out of the grid we have today, if we only choose to. As Nick Milne-Home, president of 1E Inc., put it, “The smart grid exists today in very small islands. The challenge is to link them.”
Or to lift out those ever-smaller matryoshkas, one doll at a time.
Source: http://www.greenbang.com
Still, as the Chinese proverb says, a journey of a thousand miles begins with a single step. And there are some good steps forward being taken in the smart-grid space these days.
Some energy companies, for example, seem well on their way to meeting smart-metering and energy-management targets. In the UK, electricity supplier Opus Energy recently announced it had installed a total of 12,000 smart meters and expects to outfit 20 per cent of its customers with the meters this spring. The company says that puts its well ahead of the government’s 2014 deadline for smart-metering maximum-demand users.
Meanwhile, a group of 10 countries — the UK, Ireland, Sweden, Denmark, Germany, the Netherlands, Luxembourg, France, Norway and Belgium — is backing plans for a North Seas supergrid that would link renewable energy sources across a wide swath. The idea behind the plan is to eliminate some of the problems with intermittent clean-energy sources by broadening the offshore electricity grid’s reach. In theory, if British winds are producing lots of energy when local demand is low, the surplus electricity could be transmitted all the way to Norway, where it could be used to pump water at hydropower plants. That stored hydropower energy could then be sent back to the UK when local demand goes up but the wind isn’t blowing.
It’s still early in the process, of course. For now, the supergrid organisation’s goals are primarily to identify policy considerations, scenarios and cost assessments. The actual work of building the supergrid remains farther out.
There’s no question that just maintaining the grid we have, never mind building new transmission lines and smart interconnections, will be a costly, time-consuming proposition. Will it be worth it, though? Undoubtedly yes … not only in terms of greater amounts of usable renewables but in more resilience of the system overall. Besides, there are a lot of efficiencies we can wring out of the grid we have today, if we only choose to. As Nick Milne-Home, president of 1E Inc., put it, “The smart grid exists today in very small islands. The challenge is to link them.”
Or to lift out those ever-smaller matryoshkas, one doll at a time.
Source: http://www.greenbang.com
Tuesday, January 11, 2011
London, Beijing target low-carbon growth
LONDON, Jan. 11 (UPI) -- Joint green economic ventures between the Chinese and British governments will support energy security for both countries, a climate secretary said.
British Energy Secretary Chris Huhne welcomed a Chinese delegation to London to sign a memorandum of understanding to promote a low-carbon economy at the provincial level in China.
"Making green growth a reality for both countries will be crucial for prosperity, the environment and for our energy security," Huhne said in a statement.
London is looking for alternative and renewable energy resources as conventional energy sources in the North Sea start to run dry. China is one of the world's leading energy consumers and emitters of harmful greenhouse gases.
Both sides, under the memorandum, will exchange expertise on low-carbon planning and emissions accounting and trading.
Initially, the joint effort will work on low-carbon policies in the Chinese provinces of Chongqing, Guangdong and Hubei.
"Today's agreement demonstrates that the U.K. and China want to accelerate this shift to low carbon and are committed to greater collaboration on energy markets and low carbon technology," said Huhne.
Source: www.upi.com
British Energy Secretary Chris Huhne welcomed a Chinese delegation to London to sign a memorandum of understanding to promote a low-carbon economy at the provincial level in China.
"Making green growth a reality for both countries will be crucial for prosperity, the environment and for our energy security," Huhne said in a statement.
London is looking for alternative and renewable energy resources as conventional energy sources in the North Sea start to run dry. China is one of the world's leading energy consumers and emitters of harmful greenhouse gases.
Both sides, under the memorandum, will exchange expertise on low-carbon planning and emissions accounting and trading.
Initially, the joint effort will work on low-carbon policies in the Chinese provinces of Chongqing, Guangdong and Hubei.
"Today's agreement demonstrates that the U.K. and China want to accelerate this shift to low carbon and are committed to greater collaboration on energy markets and low carbon technology," said Huhne.
Source: www.upi.com
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