China Hints at a Shift on Climate

HONG KONG—The environmental report was unusually harsh: China’s National Energy Administration had skirted air-pollution regulations, allowed excess construction of coal plants and failed to heed leader Xi Jinping’s instructions on environmental matters.

“Some comrades at the National Energy Administration believe that the energy sector’s most important task is to ensure supply and that excessive ecological requirements will increase production costs for enterprises,” China’s Ministry of Ecology and Environment concluded in a report late last month.

The rare public rebuke—authorized by two of China’s top state authorities, the Chinese Communist Party’s Central Committee and the country’s cabinet—signaled to some that environmental regulators in one of the world’s worst polluters had been empowered to counter the country’s entrenched coal industry.

“China’s top leaders are saying that in the future, it’s impossible to think about the economy and energy without also considering climate,” says Zhou Xizhou, a managing director at IHS Markit who advises a number of Chinese state-owned energy companies and says Beijing’s renewed emphasis on environmental protection caught these firms by surprise.

The National Energy Administration, which has 30 days to respond, said it would work quickly to address the issues identified in the report.

Read More

Spread the love
Nicholas ‘Nick’ Statman entered the property industry in 2001 and set up a property buying company that quickly established itself as one of the biggest in the sector. During this time the Company successfully transacted on thousands of residential properties across the UK. Nicholas Statman was an early pioneer of the ‘quick sale’ niche market which has since grown considerably with a multitude of companies now operating in the sector. Nicholas Statman has strategically built a sizeable residential and commercial property portfolio with a view to holding for optimum capital growth and a long term passive income. Nicholas Statman has been involved in almost every aspect of the property sector over a 20 year period – this includes buying and selling, development, letting and management and is now involved in the fast growing online/ hybrid Estate Agent industry.

Latest articles

Cork v Waterford – Rebels look to get off...

Cork welcome Waterford in Allianz NHL Division 1 this afternoon...

Driver (20s) dies in Co Cork road crash as...

A man in his 20s has died in a road crash in Co Cork in the early hours of this morning...

RTÉ defends telling rappers Kneecap to remove pro-Palestinian symbols...

Rap trio Kneecap were told to remove pro-Palestinian badges ahead of their appearance on the Late Late Show, a spokesperson for RTÉ has confirmed...

‘We’re no home wreckers’ – Pleasure Boy hits back...

A member of the male stripping group that found itself at the eye of a storm after a show in Belfast has said they did nothing wrong, are “no homewreckers” and will return to the city...

Similar articles

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Subscribe to our newsletter

Spread the love