Published News » Green Economy

LOCAL companies will be fined up to 50,000 yuan (US$8,025) for selling goods with too much packaging, according to a new law approved yesterday.

The new law to take effect in February next year aims to cut down on unnecessary use of resources and reduce the city's waste, according to Shanghai People's Congress.

China currently restricts packaging of two commodities: moon cakes and cosmetics
China will spend 2 trillion yuan (8.5 billion) on science and technology, making biotechnology a major priority, in the next five years, Chinese State Councilor Liu Yandong said at the ongoing 2011 International Conference for Bio-economy (Bio Eco 2011).

The Chinese Government will work to further combine biotechnology with economic development and with improving ordinary people's livelihood,
China's National Energy Administration may reinstate its control over onshore wind-power projects with less than 50,000 kilowatts of capacity, the China Securities Journal said, citing an unidentified person.
Power plant contractor China National Electric Equipment Corporation (CNEEC) has won a contract to build a $750 million power station in Australia.

The Latrobe Valley power station near Melbourne in Victoria will use new technologies to enable it to run on low-grade coal, which is often left unused.

The State-owned enterprise, which derives 80 percent of its business from overseas projects,
China may double its target for photovoltaic power capacity over the next five years in the wake of Japan's nuclear crisis, Reuters reported, citing a China Securities Journal report.

Citing unnamed sources, the China Securities Journal said the government may be looking at a new target of having installed capacity of 10 gigawatts (gW) of PV power by 2015, up from its existing target of 5 gW.
As a new carbon tax sets China's aviation industry fidgeting over projected losses, Fu Pengcheng, a Chinese biofuel expert, is feeling the pressure.

Fu's office at the China University of Petroleum is developing new biological fuels. China's major airlines are now looking to his research to trim their flights' carbon emissions.

"We don't have much time. A locally-developed biofuel is desper
China and Spain on Thursday pledged to expand bilateral cooperation in trade and renewable energy in a bid to advance the comprehensive strategic partnership between the two countries.

The pledge was made during a meeting between China's top legislator Wu Bangguo and Spain's Prime Minister Mariano Rajoy.

Wu, chairman of the Standing Committee of China's National People's Congress (NPC), sai
China Datang Corporation Renewable Power Co Ltd will join efforts to establish a joint venture for developing wind farms and other renewable energy resources in Australia, said Datang in a statement published on its website Wednesday.

This joint venture -- AusChina Energy Group -- will be founded by Datang Renewable in cooperation with CBD Energy Limited, an Australian-based company, and Baodi

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