[10/11]Global renewable energy capacity to increase by 700 GW over next 5 years; China to roll-out recharging facilities-Weekly Energy News-Center for Energy and Environmental Policy Research

[10/11]Global renewable energy capacity to increase by 700 GW over next 5 years; China to roll-out recharging facilities

Author：JING TIAN Source：ceep Date：2015-10-12 Views：

Global renewable energy capacity to increase by 700 GW over next 5 years; China to roll-out recharging facilities

（2015/10/05-2015/10/11）

Review of International Energy News
——The International Energy Agency (IEA) published its latest Renewable Energy Medium-Term Market Report 2015 report on Friday, in which it claims that renewable energy will represent the single largest source of electricity growth over the next five years, ending with a predicted 700 GW of global renewable energy capacity increase.
——According to the projections of International Energy Agency (IEA) , by 2024 the U.S. will become the third largest LNG exporter in the world—after Qatar and Australia.
——Iran is to introduce over 50 new oil exploration and production contracts in the near future, the head of the country's oil contracts re-negotiation team told in a conference in London on Tuesday.
——The United Arab Emirates (UAE) will invest 35 billion U.S. dollars to diversify energy sources and reduce dependence on imports of natural gas, state news agency WAM reported.

Review of Domestic Energy News
——According to a guideline released by the State Council, China aims to build power charging infrastructure to support over 5 million electric cars by 2020, which will be the significant guarantee of developing the green car industry.
——China's National Energy Administration decides to increase 5.3GW of installed capacity of PV installation after it reformed China’s PV installation target of 2015 by about 20% — from 15GW to 17.8GW of installed capacity.
——Inner Mongolia has established the first independent system of power transmission and distribution price in China after the National Development and Reform Commission approved the west Inner Mongolia power grid distribution electricity price reform pilot .
——According to the experts from Ministry of Land and Resources of the People’s Republic of China, Peiling Shale Gas Block in Chongqing has the second largest recoverable reserves of shale gas in the world.
——On the afternoon of 8th October, the Indonesian energy minister said that Indonesia with China and Mexico would be a member of the International Energy Agency (IEA).