In today’s Caixin energy news wrap: The Yantian container terminal in Shenzhen resumes full operation after weeks of Covid disruption; China moves to include steel industry in the national carbon trading market; national energy regulator calls for more rooftop solar power
Mining city in Shaanxi tightens oversight of coal trading
Resources-rich Yulin city in northwest China’s Shaanxi province ordered all local coal mining companies to trade on a centralized online platform in a move to tighten supervision and stabilize prices. In a meeting with industry representative, the city government urged Yulin’s coal enterprises to strengthen self-regulation and vowed to punish companies that refuse to trade on the Yulin Power Chemical Trading Center platform. The move followed a recent surge in coal prices amid mine closures and rising demand. Some coal mining companies illegally increased prices through offline transactions that fell outside regulatory oversight, the Yulin government said in a statement.
NEA launches pilot project for rooftop solar power
The National Energy Administration (NEA) launched a pilot program to promote rooftop solar power. According to a notice issued by the administration, government buildings should equip at least 50% of rooftops with solar panels. Public buildings such as schools, hospitals and village committees should install solar panels on at least 40% of rooftops. At least 30% of industrial and commercial premises and 20% of rural residences should have solar panels, according to the notice.
China prepares steel industry for carbon trading
China’s Ministry of Ecology and Environment told the China Iron and Steel Association to prepare for inclusion of the steel industry in the national carbon market, the ministry said. The association will work on plans to set carbon trading quotas for the industry, test supportive mechanisms and set up infrastructure.
NDRC collects information about local carbon-related projects
The National Development and Reform Commission (NDRC) asked local authorities to report information on local projects related to carbon dioxide capture, utilization and storage (CCUS). According to NDRC, the purpose of the request is to facilitate reaching emission reduction goals and assess current CCUS technologies.
Yunnan Energy Investment to fund Tongquan wind farm project
Yunnan Energy Investment Co., Ltd. (002053.SZ) approved a plan for its wholly owned subsidiary Malong Cloud Energy Investment New Energy Development Co. Ltd. to invest in construction of the Tongquan wind farm project in Qujing, Yunnan province. The investment will total 2.2 billion yuan ($346.4 million,), Yunnan Energy said Wednesday. The installed capacity of the wind farm is projected at 350 megawatts.
China joins with IRENA to address climate change
China’s Ministry of Ecology and Environment signed an agreement with the International Renewable Energy Agency (IRENA) to enhance cooperation in renewable energy development and climate change response. IRENA is an intergovernmental organization with 180 member countries, according to its website.
Shenzhen container port resumes operation after Covid shutdown
Yantian International Container Terminals, which handles cargo at one of the world’s busiest container ports, will restore normal operations after a Covid-19 outbreak caused a month of disruptions that snarled global supply chains and led to a surge in shipping rates. All berths at the port of Yantian, part the Port of Shenzhen in southern China, were to be fully operational Thursday as the virus situation is now under control, Yantian International said in a statement. The company closed three berths May 21 to address the outbreak, which infected some of its workers.
Contact editors Han Wei (weihan@caixin.com) and Bob Simison (bobsimison@caixin.com)
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