The first draft of China's first energy law, which
will shape the country's future energy policies, will be outlined
before the end of the year, according to the National Development
and Reform Commission (NDRC).
Energy experts have called for the law, which needs
two years to be passed by the legislature, to define clearly the
regulations for foreign acquisitions and to set up an authoritative
body through which all energy projects have to be
approved.
Experts also suggest that the responsibilities of the
central government and the local governments regarding the approval
of energy projects should be stipulated, along with specific
regulations on environmental and safety measures.
Meanwhile, the draft of the recyclable economy law has
been completed and will be submitted to the legislature next year,
according to a recent forum on a recyclable economy.
The 11th Five-Year Plan guiding China's
development between 2006 and 2010 emphasized that building a
recyclable economy was an important way for China to build a
resource-efficient and environment-friendly society, thus realizing
sustainable development.
As the second largest energy producer and consumer in
the world after the United States, China now has four specific
energy laws, covering the coal industry, electric power, energy
conservation and renewable energy.
However, the country has yet to draw up legislation on
petroleum and natural gas.
(Xinhua News Agency November 27, 2006)
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