China-based solar producer Suntech Power announced plans this week to build a manufacturing facility in the United States to serve the growing U.S. market for large-scale utility projects and to take advantage of government incentives. (more…)
Jiangqiao Bamboo and Wood hails from China’s Jiangxi province, where bamboo resources are plentiful. Though the company began as a flooring company, they are now diversifying their production to include the latest in green design: bamboo keyboards.
For the fifth year running, Fortune China has published its “25 Most Influential Business Leaders in China 2008” list, the feature article in the April issue. As in the past, selection was based on “leading executives influential within their corporation and industry, and capable of changing things on a wide scale,” both in China and internationally, said the syndicate.
Shanghai, often recognized for its free-market tendencies and environmental leadership, is introducing China’s first municipal trading mechanism as a means to curb pollution. Last Friday, in advance of a major carbon trade industry event taking place in Beijing this week, word began surfacing in the Chinese media that Shanghai plans to pilot an emissions trading scheme that will involve more than 300 companies’ trading “pollution discharge rights.”
Hong Kong magnate Stanley Ho is at it again. Not formulating a “Ho Plan” for Hong Kong energy security that centers around wind power, as the growing similarities between him and T. Boone Pickens might suggest. Stanley Ho’s investment du jour, while on par with his recently established eco-trend, will not be in Asia. Rather, the biofuel play will be located off of the Western coast of Africa.
In a rare admission of China’s strategic petroleum reserve capacity, a senior industry executive acknowledged that all four state-owned emergency oil reserve tanks – holding a total 100 million barrels – are filled to the brim.
A “green economy” can be built in China in less than 20 years, argues a new McKinsey report. The new study, “China’s Green Revolution,” offers the most comprehensive quantitative analysis to date of China’s abatement cost curve. (more…)
Legislation on the management of electronic waste, signed into effect this week by China’s cabinet, the State Council, is a key example of China’s continued commitment to making progress on environmental protection.
Hong Kong tycoon Stanley Ho is most famous in business for his vast and infamous casino empire and unofficial title as one of Asia’s richest people (his estimated US$8 billion net worth earned him the 113th rank in Forbes’ 2007 list of “the World’s Billionaires”). Might news of his recent clean energy joint venture with Portugal’s top power company bring him a new title: “the Chinese T. Boone Pickens“?
Elizabeth Balkan advises private and public stakeholders on energy and climate policy, and cleantech investment strategies in China. Based in New York City, she has over ten years of China experience.
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