Review of International Energy News

◆ It is reported that UK is preparing to lower tax rate of shale energy to 30% as average tax rate of other countries is 62%.

◆US energy use dropped in 2012 as renewables, natural gas rose, according to the analysis of Lawrence Livermore National Lab.

◆The UK government released a reform plan which invests 110 billion dollars in energy infrastructure construction and offers 250 thousand jobs.

◆IEA says in a new report that global renewable energy generation capacity will increase 40% in 5 years.

Review of Domestic Energy News

◆ 13 energy policies will be released in 2013, involving coal, electricity and new energy industries.

◆PV dispute between China and EU has reached to price undertakings after a hard and intensive negotiation.

◆As domestic coal price continue to fall and coal enterprises face huge losses, Shanxi province government plans to make policies to support the development of coal industry.

◆ According to National Bureau of Statistics, the total sales revenue of coal industry decreases 2.6% while the amount of loss-making enterprises increases 33.3%.