Dan Murtaugh

1 month ago | bloomberg.com | Dan Murtaugh |Wenjin Lv |Yujing Liu

China should raise consumption to a level close to those of developed countries in the next decade, a government adviser said, adding to calls to rebalance the world’s second-largest economy away from investment and export. Peng Sen, president of the China Society of Economic Reform, said Tuesday authorities should make efforts to boost consumption as a share of gross domestic product to 70% by 2035 from about 55% currently.

1 month ago | bloomberg.com | Dan Murtaugh |Alfred Cang

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1 month ago | energyconnects.com | Dan Murtaugh |Haidi Lun |Shery Ahn

CLP Holdings Ltd. plans to focus on investing in Hong Kong and mainland China, while projects in other areas will need to be self-funded as the utility seeks a greener power generating portfolio. “We have a quite significant capital requirement and we want to focus on our core markets in Hong Kong and China to help decarbonize these markets,” Chief Executive Officer T.K. Chiang said in an interview with Bloomberg TV.

1 month ago | japantimes.co.jp | Stephen Stapczynski |Dan Murtaugh |Will Wade

Languishing global prices today mask a very different future for the world’s most-consumed source of power. Australian thermal coal contracts, the benchmark for Asia, are hovering close to $100 a ton thanks to a mild winter and global oversupply, a price level last seen in May 2021, before the energy-market upheaval that followed Russia’s invasion of Ukraine. While that is battering producers and will cheer those predicting the end of the dirtiest fossil fuel, it’s a trough that may not last.

1 month ago | energyconnects.com | Stephen Stapczynski |Dan Murtaugh |Will Wade

Languishing global prices today mask a very different future for the world’s most-consumed source of power. Australian thermal coal contracts, the benchmark for Asia, are hovering close to $100 a ton thanks to a mild winter and global oversupply, a price level last seen in May 2021, before the energy-market upheaval that followed Russia’s invasion of Ukraine. While that is battering producers and will cheer those predicting the end of the dirtiest fossil fuel, it’s a trough that may not last.