China is trying “to green” its economy
China will force its industrial sector to cut carbon emission and energy intensity by up to 18 per cent over the next five years in the latest push to ‘green’ the nation’s economy.
The mandatory goals are higher than initially expected and will entail large industry reducing carbon and energy intensity levels by more than four per cent this year, the Xinhua news agency reported.
Water use will also be slashed by seven per cent this year, as part of an overall reduction in consumption of 30 per cent by 2015.
China’s latest five-year plan includes a 17 per cent cut to carbon emissions per unit of GDP and a 16 per cent reduction in energy consumption by 2015, as the country looks to meet its international pledge to reduce carbon intensity by 40 to 45 per cent by 2020 from 2005 levels.
Its huge power plants, steel mills, aluminium smelters and cement factories are in the frame to bear the brunt of the cuts. Over the 2006-10 period, China reported a 26 per cent decline in energy use per unit of industrial value-added, with 750 million tonnes of coal equivalent saved.
China has been investigating market mechanisms to reduce carbon, in the hope it can avoid cutting off the power supply to large plants in order to meet its 2010 efficiency goals.
VN:F [1.9.22_1171]China is trying “to green” its economy,
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