Fiscal implications of global decarbonization
Internationally coordinated climate mitigation policies can effectively put the world on a path toward achieving the agreed Paris temperature goals. Such coordination could be initiated by large players,
China
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China, Australia Agree On Climate Cooperation
China, Australia Agree On Climate Cooperation AUSTRALIA: April 14, 2008 CANBERRA - Australia and China have agreed to hold annual ministerial talks on climate change and to work together to clean up carbon pollution from coal-fired power stations, Prime Minister Kevin Rudd said on Friday. The Mandarin-speaking Rudd made the announcement in Beijing on Friday after talks a day earlier with China's Premier Wen Jiabao, saying both countries needed to cut greenhouse gas emissions, which are blamed for global warming.
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Chinese Co may resume work on Thar coal project
Chinese Co may resume work on Thar coal project RAMZAN CHANDIO KARACHI - The Mines and Mineral Department of the Sindh government has made a comprehensive plan to utilise the natural resources of province while three large granite factories would be set up in Nagarparkar of Tharparker and 30 percent energy will be produced from the coal reserves by 2030, the senior official told The Nation.
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China, India Urged To Avoid Obsession With Cars
China, India Urged To Avoid Obsession With Cars CHINA: April 14, 2008 BOAO - China and other big developing countries such as India need to take steps to avoid being over-reliant on private cars, the head of the Nobel Peace Prize-winning UN climate panel said. Rajendra Pachauri, head of the Intergovernmental Panel on Climate Change (IPCC), told Reuters that investing in improving railways and urban public transportation was one way countries such as China could balance the need for fighting climate change with that for economic growth.
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China Drought Leaves 670,000 Without Drinking Water
China Drought Leaves 670,000 Without Drinking Water CHINA: April 14, 2008 BEIJING - A drought in China's northeast Liaoning province has left nearly 700,000 people without drinking water after rainfall in the first three months of 2008 tumbled to one-fifth levels last year, the Xinhua agency said on Sunday. The area is a top grain producer, and maize and rice farming is due to begin next week, but from January to the end of March it had got less than 2 centimetres (less than an inch) of rain.
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China in second place in purchasing power table
China has passed Germany and Japan to become the world's second-largest economy, the World Bank confirmed yesterday, as it unveiled a new report examining the purchasing power of global economies. The report also found that developing countries' share of the $58,600bn (
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China signs big Qatar LNG deal
China yesterday signed two multibillion-dollar long-term deals to buy liquefied natural gas from Qatar, marking a milestone in Asia's evolution as the hottest market for the fuel. PetroChina struck a deal to buy 3m tonnes of LNG a year over 25 years from 2011 with Qatar and its partner, Royal Dutch Shell. Analysts said the deal could could be worth as much as $60bn. CNOOC, China's primary LNG importer, also signed a framework supply agreement. Al-though it is yet to be formalised in a binding contract, it is for 2m tonnes a year from 2009.
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Olympics - Beijing Seeds Clouds To Protect Opening Ceremony
Olympics - Beijing Seeds Clouds To Protect Opening Ceremony CHINA: April 11, 2008 BEIJING - More than 100 people and three aircraft will be on standby at the Beijing Olympics to manipulate the weather if storms threaten the opening ceremony. Staff at 21 locations around the capital will fire rockets to seed storm clouds if there is a danger that rain would disrupt the Aug. 8 ceremony, officials said on Thursday.
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China at risk of food shortages tied to the loss of arable land, analysts say
BEIJING: The fear of failing to grow enough corn, wheat or rice to feed its people has spurred China into action this year, but Beijing may be doing too little, too late to overcome the powerful forces of urbanization. Just as global grain markets grapple with ultralow stocks and record-high prices, China is battling to stem the destruction of its arable land due to urban sprawl, the growing scarcity of water and the exodus of labor to its booming cities by directing tens of billions of dollars to rural areas.
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European gas oil prices rise to high
European gas oil prices set a new high above $1,000 a tonne on Tuesday, boosted by a fire in a key European refinery last week and unexpectedly strong demand. Power blackouts in South Africa, Chile and China have forced many companies to run diesel generators to offset electricity supply interruptions, while a harsh winter in south-east Asia has boosted heating oil demand. ICE April gas oil futures hit a record $1,017 a tonne on Tuesday, up 1.3 per cent on the day and 21.2 per cent since the start of the year.
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Rudd refuses to be impaled on dilemmas
Kevin Rudd, Australia's recently elected prime minister, is watching his country being pulled in several directions at once. A natural resource and investment boom are dragging its febrile economy towards China, while climate change and water shortages are threatening its longer-term future. It is an interesting time for a Sinophilic internationalist to take control. For the moment, Mr Rudd, who has made a confident start since his resounding victory in November's election, seems convinced he can manage. But tough decisions in both domestic and foreign policy are pressing.