China’s power industry may incur losses this year as rising coal prices may take the sheen off the 9 per cent growth in consumption.
The Japanese cabinet has approved a draft Global Warming Mitigation Law. With regard to the emissions trading scheme, which had been a focus of controversy until the final process of the discussion, the bill proposes establishment of a total emissions cap as the basic control method while also including the emissions intensity approach in the provisions.
A survey conducted on electricity consumers in Japan revealed that more than half the respondents were not willing to accept price increases exceeding 5 per cent to reduce CO2 emissions.
Two American companies have teamed with a Chinese company to develop a $1.5 billion wind farm project in west
Britain and India have agreed on the text of a deal that will allow British companies to compete to supply nuclear power equipment worth $150 million to India.
With reports circulating that a deal is already in place for the equity divestment of shareholders in National Grid Corporation of the Philippines (NGCP), the prospective parties in the acquisition plan are being cautioned on the cross ownership ban under the power industry reform law.
Huandeng Power International has said that it is trying to raise $1.1 billion through the sale of 800 million Shanghai-traded shares and 400 million Hong Kong-traded shares.
Denmark’s Prime Minister, Lars Rasmussen, the new COP President, has spoken of “very fruitful” talks, in which he claimed that the USA and China have indicated the possibility that they might be willing to consider making some concessions in order to achieve some sort of deal that will enable the world leaders in Copenhagen to claim the conference to have been a major triumph.