IEA details plunge in costs of producing electricity from renewables; Legislation of China’s energy law may enter a new stage

（2015/08/31-2015/09/06）

Review of International Energy News
——Projected Costs of Generating Electricity: 2015 Edition, a joint project by the International Energy Agency and the Nuclear Energy Agency, provides in detail the contrasting costs for different power generation technologies around the world and shows that renewable sources can produce electricity at close to or even below the cost of new fossil fuel-based power stations.
——One forecast report from Platts, a division of The McGraw-Hill Companies (NYSE: MHP), and a leading global provider of energy and commodity information, pointed out that China would still make the largest contribution to the growth of crude oil demand in the world.
——The largest-ever gas field in the Mediterranean Sea has been found in the Egyptian offshore, according to an Italians company with the announcement released on Sunday, which will be able to ensure satisfying Egypt's natural gas demand for decades after its full development.
——According to one report from United Nations, with only one third of electric waste being recovered and disposed, Europe has failed to obtain an expected recycling rate of electric waste, also known as “e-waste”.

Review of Domestic Energy News
——The legislation for energy in China may step into a new stage where there is a need for regulating the process of energy law as soon as possible, according to Energy Law Annual Conference 2015 with the theme named “Advance Rule of Law and Perfect Legislation of Energy Law”.
——According to National Energy Administration, the construction and renovation of distribution network will be accelerated with a five-year investment of not less than 2000 billion yuan.
——The first solar photovoltaic power project in Baotou has been approved by national sector by using the way to tender and bid for the sake of constructing the large-scale photovoltaic plants.
——The 17th China International Optoelectronic Expo has been held in Shenzhen and consisted of many exhibition areas for displaying information about LED technology, optical communication, and smart cities and so on.