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OECD urges China to initiate reforms for greener economy
The Organization for Economic Cooperation and Development (OECD) urged Beijing to initiate reforms in financial and land systems to ensure a more sustainable and greener economy, even if China made huge efforts toward inclusive growth.
read more... 12/04/2013
China’s wind power output up 41% in 2012
According to National Energy Administration, China has registered a 41% increase in the production of wind power in 2012. The Asian nation has produced 100.8 billion kilowatt-hours of wind power last year, while in 2011 it produced 71.5 billion kilowatt-hours.
read more... 11/04/2013
China on the track to become Russia’s biggest oil buyer in 2018
China is on the way to become Russia’s largest oil buyer within five years, after the Russian oil giant Rosneft decided to more than double the shipments in exchange for loans.
read more... 09/04/2013
OPEC: China on the track to become the largest oil importer in the world by 2014
China is on the track to overtake the U.S. as the world’s top crude importer by 2014, with China's oil needs continuing to rise, according to a report released by OPEC.
read more... 05/04/2013
China: Power production from wind increased more than coal in 2012
According to new statistics released by China Electricity Council, power production from wind increased more than from coal in 2012. Fossil-fired production of electricity increased 0.3 % last year, an addition of about 12 terawatt hours (TWh) of electricity, at the same time as wind-generated electricity grew 35.5% to 26 TWh, while solar-generated electricity reached a cumulative 3.5 terawatt-hours. Under China's 12th Five Year Energy Plan (2011-2015), the objective for renewables is to supply 30% of electricity-generating capacity, while coal plunges from 70% to 65% of energy production.
read more... 27/03/2013