Subscribe free to our newsletters via your
  Energy News  

Subscribe free to our newsletters via your

China releases draft energy law

by Staff Writers
Shanghai (AFP) Dec 3, 2007
China released the draft version of a long-awaited energy law Monday, calling for more environment-friendly energy policies and a more market-based pricing mechanism.

The law aims to "construct a stable, economical, clean and sustainable energy supply and service system, increase energy efficiency and safeguard energy security", said the draft posted on a government agency website.

The law was published on the website of Office of the National Energy Leading Group, an elite policy-making body, and will solicit opinions from the public until February 1.

China will establish energy pricing systems mainly determined by market forces but government controls will continue to play a role, it said.

It added that pricing should reflect "the scarcity of resources and costs of damaging the environment".

China currently maintains strict control over prices as it fears higher prices may lead to a spike in inflation, already at its highest level in more than a decade, and set off social unrest.

Last month, Beijing raised retail prices of gasoline, diesel oil, and aviation kerosene by around 10 percent to entice refiners to release more product to ease a wave of nation-wide fuel shortage.

According to the draft law, the government will also adopt tax policies encouraging development and use of renewable energy, energy-saving products and imports of related technologies.

It will improve the energy resource tax regime and expand consumption taxes to adjust energy consumption and promote efficient use, it added.

The office of was established in 2005 and led by Ma Kai, director of the National Development Reform Commission, the state economic planning agency that currently supervises major energy issues including prices.

State media has reported the office will eventually be upgraded to a new energy ministry in March next year.

Email This Article
Comment On This Article

Related Links
Powering The World in the 21st Century at

Memory Foam Mattress Review
Newsletters :: SpaceDaily :: SpaceWar :: TerraDaily :: Energy Daily
XML Feeds :: Space News :: Earth News :: War News :: Solar Energy News

Outside View: Russia hikes gas to Ukraine
Moscow (UPI) Dec 3, 2007
On Nov. 27 the Russian energy giant agreed to buy Turkmenistan's gas at a higher price, and this sparked the rumor that the gas price for Ukraine would be raised since Gazprom resells Turkmen gas to Ukraine.

  • Outside View: Russia hikes gas to Ukraine
  • China releases draft energy law
  • Canadian Govt Calls On Industry To Participate In New Biofuels Initiative
  • Philippines seeks Spain investments in alternative fuels

  • IAEA inspects Russian fuel for Iran: factory
  • French, Italian energy groups reach deal on nuclear cooperation
  • Seoul offers to use North Korean nuclear fuel rods: report
  • Two years to start Japan's giant nuke plant: expert

  • A Breathable Earth
  • Researchers Find Origin Of Breathable Atmosphere Half A Billion Years Ago
  • Study Reveals Lakes A Major Source Of Prehistoric Methane
  • Giant Atmospheric Waves Over Iowa

  • World's largest mangrove badly hit by cyclone: official
  • Indonesia's Papua scarred by vanishing forests
  • Reduce forest concessions, says Indonesian president: report
  • More than a billion trees planted in 2007: UN

  • Scientists to discuss ways to 'climate-proof' crops
  • Noah's Flood Kick-Started European Farming
  • Greenpeace slams 'unsustainable' new tuna quota
  • FAO report urges paying poor farmers to be green

  • US House to take up fuel efficiency standards after deal
  • NIST Measures Performance Of Auto Crash Warning Systems
  • German cars world champs, except in Germany
  • Honda Debuts All-New FCX Clarity Advanced Fuel Cell Vehicle

  • Announcement Of Opportunity For Sounding Rocket And Balloon Flights
  • China to order up to 150 Airbus jets during Sarkozy visit: report
  • Time Magazine Recognizes The X-48B
  • Virgin to offer carbon offsets alongside drinks and perfume

  • Nuclear Power In Space - Part 2
  • Outside View: Nuclear future in space
  • Nuclear Power In Space
  • Could NASA Get To Pluto Faster? Space Expert Says Yes - By Thinking Nuclear

  • The content herein, unless otherwise known to be public domain, are Copyright 1995-2007 - SpaceDaily.AFP and UPI Wire Stories are copyright Agence France-Presse and United Press International. ESA Portal Reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. Advertising does not imply endorsement,agreement or approval of any opinions, statements or information provided by SpaceDaily on any Web page published or hosted by SpaceDaily. Privacy Statement