Results tagged “energy”

In more environmental news, the government has decided to subsidize 294 solar power plants which will generate 642 megawatts of power. The subsidies are part of China's "golden sun" plan, a project meant to find alternative energy sources. As Obama made carbon emissions a key point in his town hall meeting with students earlier today, it looks as if Hu Jintao will have some bragging points.

• China database to track children [BBC] "China is setting up a DNA database to help trace missing children, as the authorities struggle to tackle people trafficking. By the end of the month, a network of more than 200 DNA centres is due to be set up. Thousands of children in China are stolen or sold each year."
• More on Beijing doping: cyclist, runner, walker join list [LA Times] "Five down, one to go." On the list of athletes at the Beijing Olympics who doped: German cycler Stefan Schumacher, Croation 800-meter runner Vanja Persic and Greek race walker Athania Tsoumeleka.
• China announces regulations for financial information in settlement with US, Europe [AP] "Beijing announced rules that ease controls on foreign financial information providers Thursday under an agreement with the U.S., Europe and Canada, but said those already operating in China must apply for permission to continue. The rules eliminate a requirement that foreign providers must work through a Chinese agent and reduce the amount of information they must disclose about their operations."

Multimedia enterprise China Green has been using some very well produced short films to document China's ongoing environmental issues. In this one, they take a look at Sohota Electric, a small Guangdong firm that has been making a big profit helping the country's various giants (including CCTV) retrofit their offices to become energy efficient. Considering that reports by China’s Ministry of Construction have deemed all buildings constructed before 2000 energy inefficient, it looks like Sohota will have a lot of work on their hands in the near future.

Tony Cheng of Al-Jazeera visits an old woman in Tokay village in Xinjiang who is only now experiencing electricity in her home for the first time in her life, thanks to the new solar cells that have been installed in homes around the region.

Meanwhile, the Chinese have reduced exports by over eight percent, idled more than 60 coal plants and announced they will lower import tariffs on the commodity, all because of shortages. It’s more than foreign competition and transport prices the country has to worry about — energy supplies within the PRC are dwindling to dangerous lows. We in Shanghai got a taste of what such scarcity might mean when blackouts struck the scorched city earlier this month.

Photo from Brian's Tree

Effective today, China will raise gasoline and diesel fuel prices 16 percent and 18 percent, respectively, news that sent global oil prices down nearly US$5 a barrel. Electricity prices are also expected to rise sharply. Reuters offers a poorly displayed chart that shows China's domestic gasoline prices, fixed since November 1, have climbed 95 percent and diesel prices have more than doubled since 2003. Retail fuel prices in China are expected to increase to $3.05 per gallon for gas and $3.31 for diesel. Says the New York Times, "Costlier fuel and electricity could prompt businesses and individuals across China to use less of it, slowing somewhat China’s voracious increase in oil consumption in recent years as well as its steep rise in emissions of global warming gases." [Sources: AP, Reuters, LAT, NYT, CNN]

A record power shortage hits China:

By Derek Sandhaus