China to open energy sector to foreign investment as it seeks to balance energy security with carbon neutral pledge

//China to open energy sector to foreign investment as it seeks to balance energy security with carbon neutral pledge

China to open energy sector to foreign investment as it seeks to balance energy security with carbon neutral pledge

China will open its energy sector wider to foreign investment as part of its plan to ensure security and prioritise the development of renewables, according to a new government white paper, although “efficient” use of fossil fuels will continue.Investment restrictions will be lifted on coal, oil, gas, power generation – except nuclear – and new energy businesses during the 14th five-year plan period between 2021-25, said Zhang Jianhua, head of the National Energy Administration, on Monday.At…

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By | 2020-12-22T10:15:06+00:00 December 22nd, 2020|Headlines|Comments Off on China to open energy sector to foreign investment as it seeks to balance energy security with carbon neutral pledge