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Ministry of Environmental Protection of China annouced new rules: listed companies to disclose environmental emergencies in 1 day (part 1)

Ministry of Environmental Protection of China announced yesterday (Sept 14, 2010) the draft of "Guide to Environmental Information Disclosure of Listed Companies" , to the public for comments. The draft stipulates that listed companies in heavy polluting industries should release the interim environment report within 1 day if sudden environmental incidents occur.

The new policy of Ministry of Environmental Protection of China, will involve 575 listed companies. That means the performance of about 1/3 listed companies in China will be affected.
environmental pollution

Analysts pointed out that the 1-day period will prevent the delays of disclosure of information in environmental incidents.

Ministry of Environmental Protection of China also requirements, listed companies in 16 categories in heavy polluting industries, including thermal power, steel, cement, electrolytic aluminum, coal, metallurgy, chemical, petrochemical, building materials, paper making, brewing, pharmaceutical, fermentation, textile, leather and mining,   should regularly disclosure of environmental information, publish annual environmental reports.

RMB 5 trillion yuan investment opportunities in new energy (green energy) in China

In the next 10 years, China will open the markets to attract foreign investment on green energy (renewable power, alternative energy). The cumulative increase in direct investment will be RMB 5 trillion yuan. The development of new energy (clean power, renewable power, alternative energy) industry, will enable significant acceleration of structural adjustment of domestic energy resources, also strategic transformation of more Central Enterprises.

Long-awaited "new energy development plan" will soon be settled. Recently, Jiang Bing said, who is The Secretary of the general office of National Energy Administration of China, new energy (green power, clean power, renewable power, alternative energy) development plan has been prepared and is ready to be reported in accordance with the procedures and approval.

Electric Vehicles sales up to nine million in 10 years

In the next two to three years, tens of thousands of electric vehicles (EVs) will appear in the streets of Europe, road of the United States and expressway of Asia. Analysts in the auto industry estimate that sales of electric vehicles (EVs) could reach 2 million within 10 years, or even 9 million.

Electric vehicles: electric vehicle

The Tesla electric sports car (TESLA Roadster) is the best in all electric sports cars. Only one charging time of Tesla electric sports car can drive up to 400 km. Most of other electric vehicles (EVs), with one charging time, can travel about 160 kilometers.

Automotive consulting firm JD Power said sales of electric vehicles (EVs) in 2020 will reach 2 million. And HSBC even have a more optimistic estimate of 9 million in 2020.

Strategic emerging industries in China will be supported by special funds

The list of seven new industries is decided, including:

1. Energy-saving & environmental protection industry:

The industries of technical, industrial equipment and services, which conserve resources and protect the environment.

2. High-end equipment manufacturing industry:

including high-speed rail technology in China

3. Bio-industries:

including bio- agriculture, bio-medicine

4. The new materials industry:

including nano-materials represented by the application of new materials

5. vehicles powered by new energy (renewable power):

including fuel cell cars, hybrid cars, hydrogen cars and solar powered cars, etc.

6. A new energy (renewable energy, green power) industry:

including solar energy, geothermal energy, wind energy, ocean energy, biomass

Credit Suisse forecasts low carbon economy will be included in 12th Five-Year Plan In China

The research report of Credit Suisse predicts that China's 12th 5-year (2011-2015) plan will make structural adjustments in three areas, including low carbon economy, green and sustainable development.

The research report of Credit Suisse forecasts that in the 12th Five-Year Plan of China, which will be published in next month, the focus of economic development planning will focus on how to become a more balanced income distribution, promoting urbanization and providing more public services, including the construction of more affordable housing, reduce carbon emissions and promote the green economy.

Solar Power in Bulgaria

 

There are many old solar panel installations in Bulgaria, especially along the Black Sea coast and due to the growth and transformation of the region due to tourism; the Government is investigating ways to encourage home owners and business users to take advantage of these installations. Many of these systems have been left in a poor neglected state and have been unused for an extended period of time. Even though government incentives are now available for solar installations, the country’s financial institutions have maintained a very strict lending criterion. This rules out a high percentage of the countries home-owners due to the documented financial problems within the country.

This financial situation is one of the major reasons why the Solar Energy market has not looked so favorable in Bulgaria even though parts of Bulgaria do have a climate which ideally lends itself to the solar panel market. With the cost of rejuvenating the present solar panel projects within the country it is estimated that the period of time required to recoup the initial investment for an average size solar system would take approximately 8 years. Together with the financial limitations many investors are reluctant to get involved and find alternative funding methods. The costs of the newer projects are relatively cheap and the average cost of a system is $250 to $290 per square meter which is comparatively low due to the availability and the present technology so this adds to the investment capital making the older project cost prohibitive.

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