Blackouts have occurred in some Chinese provinces as local governments try to meet energy efficiency targets by the end of the year, according to the National Reform and Development Commission of China .
China must meet its energy intensity reduction target for the five years ending 2010, Xie Zhenhua, vice chairman of the National Development and Reform Commission, said in a statement on the government agency’s website today. The Chinese government will face “enormous pressure” at the Mexico climate talks at the end of this year if the goal isn’t achieved, Xie said in the statement, without elaborating.
For much of 2006 and into 2007, Environmental Defense Fund had been battling to stop TXU Corp., Texas’s largest power producer, from building 11 coal-fired plants. The barrage of lawsuits, town-hall meetings and online community groups was also becoming a major headache for KKR & Co. , TPG Capital and Goldman Sachs Group Inc.’s private-equity arm, which were planning the world’s biggest leveraged buyout of the utility company.
China, the biggest carbon emitter, said it will meet its five-year projection for saving energy and curbing greenhouse gases through 2015 even after missing its 2011 target following a drought that reduced hydropower.
The hilltop city of Yulin, about 500 miles (800 kilometers) southwest of Beijing, was once a strong point in the defensive wall that protected the Chinese heartland from the tribes to the north. An ancient fortress survives in the old part of the city, the Chinese characters for “Suppress the Barbarians” carved over its gate.
Bloomberg BNA -- The Global Reporting Initiative, the organization that develops the most widely used sustainability reporting framework in the world, released an updated version of the guidelines May 22.
Rising oil prices driven by turmoil in North Africa and the Middle East may undermine eastern Europe’s economic recovery because industry in the former communist region is less energy efficient than in the west.