China to unveil plan for "new energy"

Coal-dependent China will unveil a plan to foster the development of "new energy" sources, including wind, solar and nuclear, by the end of this year, state media on Monday quoted a senior energy policy official as saying.

Sun Qin, vice head of the National Energy Administration (NEA), told a forum in southern Guangzhou city that a guide for developing energy technologies would also be released, but gave no further details.

The development and utilization of clean coal technologies would be an important part in the "new energy" plan, Sun was quoted as saying.

China has long been seeking to diversify away from coal, which currently provides over 70 percent of its power, but produces large amounts of greenhouse gas carbon dioxide and pollutants like acid-rain causing sulfur dioxide

Labels: China, Solar News, Solar Projects, Solar Stocks

posted by Ertai at 10:55 AM