CHINA'S RENEWABLE ENERGY
REUTERS - China will launch the trading of green certificates for solar and wind power on July 1 in a bid to help reduce government subsidies to the renewables sector, the National Development and Reform Commission (NDRC) said.
In a pilot program, the NDRC said solar and wind producers would be issued tradeable certificates, proving that electricity has been generated through renewable energy sources.
Renewable energy users such as private and state businesses would be encouraged to buy the certificates, which would then entitle them to an unspecified payment. Each certificate would represent 1 megawatt hour of power, the NDRC said.
Solar and wind power producers who had sold their certificates would no longer receive a direct subsidy for electricity production, it said, without giving further details.
The NDRC said it would monitor the pilot program and could launch a mandatory green certificate scheme in 2018.
Renewable energy makes up about 11 percent of China's energy consumption, with producers granted heavy subsidies.
China said last month it would cut the guaranteed subsidized prices paid for electricity supplied to its national grid by newly built large-scale solar power plants and onshore wind turbines starting Jan. 1.
The NDRC said the change reflected the decreasing cost of renewable energy production and would reduce the burden of state investment in the sector.
|November, 19, 11:50:00|
|November, 19, 11:45:00|
|November, 19, 11:40:00|
|November, 19, 11:35:00|
|November, 19, 11:30:00|
|November, 19, 11:25:00|
U.S. DT - The sum total in September of all net foreign acquisitions of long-term securities, short-term U.S. securities, and banking flows was a net TIC outflow of $29.1 billion. Of this, net foreign private inflows were $23.5 billion, and net foreign official outflows were $52.7 billion.
U.S. FRB - Industrial production edged up 0.1 percent in October, as a gain for manufacturing outweighed decreases elsewhere. As a result of upward revisions primarily in mining, the overall index is now reported to have advanced at an annual rate of 4.7 percent in the third quarter, appreciably above the gain of 3.3 percent reported initially.
WNN - "nuclear energy is a "mature, low greenhouse gas emission source of baseload generation that could make an increasing contribution to global development based on low-carbon energy supply".
ARAB NEWS - Saudi Arabia has shown investment interest in Pakistan’s largest coastal refinery, a multibillion-dollar project being set up at Khalifa Point, near Hub, Balochistan, officials have confirmed.