Climate change conference has been much anticipated; oil prices have no tendency to increase
（2015/12/07-2015/12/13）

Review of International Energy News
——The goal of Climate change conference in Paris is to develop an agreement to curb global warming and make sure the temperature will not increase by 2 degrees compared to that before industrial revolution.
——Fatih Birol, the director of IEA, said that the international oil price in 2016 will fall future, which will challenge those governments trying to encourage people to use more sustainable energy and undoubtedly affect the investment in petroleum industry.
——Despite the downturn in oil prices, OPEC countries refused to cut down on oil production and bet America and Russia would cut first.
——There are reports that the two well-known mining companies, BHP and Rio, are quietly sell coal assets and will no longer invest in new coalfields.

Review of Domestic Energy News
——Chinese research institutions published a report in the Climate Change Conference warning that in order to realize the goal of reaching the peak of China's carbon emissions, China needs rapid increase in investment before 2020 in response to climate change. It's predicted that China's climate financing needs will peak at 2.56 trillion yuan in 2020.
——Compared to the US annual sales of 180,000 new vehicles, China’s new vehicles sales this year will be about 220,000 to 250,000. In terms of volume, China will be the largest new vehicle market in the world.
——The anti-dumping and countervailing (" the two sides ") investigations of America and Europe against China severely hit China's photovoltaic industry. In order to help domestic photovoltaic enterprises, it’s important to develop the distributed generation technology.