China in need of energy ministry: industry group
China Daily/Asia News NetworkBEIJING -- A leading Chinese industry group has proposed the setting up of an all-encompassing energy ministry, to take control of China's energy industry, which is currently handled by various government departments.
September 28, 2012, 1:53 pm TWN
A report released by the energy policy research center within the China Energy Society — an academic community of the country's most prominent energy researchers — says the potential redistribution of power between all those bodies could prove complicated, but that the creation of such a new super-ministry “is not only feasible, but also an urgent need.”
The report suggests that the National Development Reform Commission — the country's top economic planning agency or NDRC — would maintain the power to set electricity, oil, gas and coal prices, and approve new energy projects.
But that a new ministry could largely take responsibility for all other energy-related duties, currently scattered among more than 10 ministries, including the National Energy Administration, it said.