Page 12 - AsiaElec Week 33

AsiaElec
NEWS IN BRIEF
AsiaElec
US blacklists Chinese
nuclear companies with
militaryties
e US Department of Commerce has placed China’s biggest state-owned nuclear company on its Entity List, according to an announcement on Aug. 14.
China General Nuclear Power Group (CGNPG) and three of its a liates—China General Nuclear Power Corporation (CGNPC), China Nuclear Power Technology Research Institute, Suzhou Nuclear Power Research Institute—are now banned from buying parts and technologies from US rms without special government approval.
ese four Chinese entities are on the list because they “engaged in or enabled e orts to acquire advanced US nuclear technology and material for diversion to military uses in China,” according to the announcement.
Hong Kong-based company Corad Technology was also on the Entity List because it sold U.S. technology to Iran’s military and space programmes; front companies of North Korea; and subordinate entities of Beijing and the Chinese defence industry.
According to Reuters, the restrictions were the result of a review by the U.S. National Security Council that began in 2017, which examined China’s e orts to obtain nuclear material, equipment, and advanced technologies from U.S. companies.
RENEWABLES
Australia now world’s third- biggestemissionsexporter
Australia’s booming coal industry has made it the world’s third-biggest exporter of potential carbon dioxide emissions locked in fossil fuels, placing it only behind oil giants Russia and Saudi Arabia, Bloomberg reported.
Australia makes up 7% of all global fossil fuel exports by carbon dioxide potential, as
it accounts for almost one-third of the world coal trade, according to a report Monday from e Australia Institute, which has been critical of the federal government’s e orts to combat global climate change. While China and the US are the world’s top greenhouse gas emitters in absolute terms, the report highlights the role relatively smaller polluters play in selling fossil fuels to other nations. Australia, which is also one of the biggest gas exporters, supplies economies throughout Asia, including Japan, China and South Korea.
“Australia has a unique opportunity, and obligation, to face up to the climate crisis through policies to limit its carbon exports, starting with a moratorium on new coal mines,” it said. “ e scale of exports from countries like Australia bring into stark
relief why e orts to reduce world emissions must limit both demand and supply.” e institute based its analysis on data from the International Energy agency, with coal and gas gures for 2017 and oil for 2016. Emission
factors for the fuels are from the United Nation’s Intergovernmental Panel on Climate Change.
TEPCOtounbundle renewables business
Japan’s TEPCO is forming a new company dedicated to handling its renewable energy generation business.
e aim of separating the renewables unit into a new entity is to increase the recognition of the renewables business and better co- ordinate with both domestic and overseas partners, the company said. It aims to develop up to 7 GW of capacity both at home and overseas.
e company also wants to improve its management and decision making for large- scale green investment.
According to TEPCO, the new company will be formed by April 2020.
e new company will be formed as
a succeeding company in October 2019
a er which TEPCO and the subsidiary will execute an absorption-type split agreement in November.
e new rm aims to make a pro t of up to JPY100bn ($944.2mn) by the 2030 scal year, the company said.
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Week 33 20•August•2019