Energy cooperation in One Belt One Road focused
Reporter: Zhang Mengyuan 丨 CCTV.com
06-16-2015 16:47 BJT
The Global Forum on Energy Security is being held in Beijing. China's belt and road initiative and a proposed energy trading center are among the hot topics at the forum.
A report from the China Academy of Social Sciences shows that as the world's largest energy consumer, China is responsible for over half of the world's coal consumption. However, China's coal consumption declined nearly 3 percent last year and coal imports also decreased over 10 percent.
"With China's economic restructuring and reduction of big energy consumption industries, our coal consumption is decreasing. China mainly lacks oil and natural gas."
A report from the China Academy of Social Sciences shows that as the world's largest energy consumer, China is responsible for over half of the world's coal consumption. However, China's coal consumption declined nearly 3 percent last year and coal imports also decreased over 10 percent.
"With China's economic restructuring and reduction of big energy consumption industries, our coal consumption is decreasing. China mainly lacks oil and natural gas."
"Any price fluctuation of energy, no matter on the supply side or demand side, will cause insecurity to the whole economy," said Li Ping, director of Institution of Quantitative & Technical Economics.
Regional cooperation in building a more integrated and stable energy market was one of the focuses at the forum. China's One Belt One Road initiative is believed to be able to make huge contributions.
Experts also emphasized that efforts should be made to push forward with the construction of an energy pipeline between China and Central Asia, so as to promote grid and hydro power cooperation with members of the Association of South East Asian Nations.
Regional cooperation in building a more integrated and stable energy market was one of the focuses at the forum. China's One Belt One Road initiative is believed to be able to make huge contributions.
Experts also emphasized that efforts should be made to push forward with the construction of an energy pipeline between China and Central Asia, so as to promote grid and hydro power cooperation with members of the Association of South East Asian Nations.
Related Videos
- Energy, resources cooperation takes priority at Boao Forum for Asia2015-06-11 15:03:59
- Rural Beijing village opens up new energy2015-06-05 14:42:00
- Studio interview: China should work on safe & clean nuclear energy2015-06-03 04:42:01
- China's energy use in period of medium-low growth2015-05-29 12:43:59
- Experts seek to balance development & environment at Pacific Energy Summit2015-05-29 06:32:01
- Street lights powered by sun and wind energy to light up Barcelona2015-05-27 06:56:01
- US retailers to produce 7 billion kilowatt renewable energy by 20202015-05-22 11:45:59
- Nuclear Energy Congress opens in Beijing2015-05-21 19:38:08