Energy pricing reforms may quicken
Print Edition
China has underperformed in several energy and environmental-related indexes, below what the government planned for the five years through 2015, which may prompt the authorities to quicken pricing reforms of resource-based products.
With only two years to go, China’s energy intensity, or the energy used for every unit of gross domestic product, has fallen just 5.54 percent so far, below the government’s five-year goal of 16 percent, according to Xu Lin, head of the planning department of the National Development and Reform Commission.
“We have intensified our efforts in resource conservation and environmental protection over the past years,” Xu told a press conference yesterday. “We have made achievements, although some indicators are now behind targets.”
Although the share of non-fossil fuels in total primary energy consumption has risen to 9.4 percent from 8 percent, China needs to proceed faster to meet its official target of 11.4 percent by the end of 2015, he said.
The targets for carbon intensity and nitrogen oxide emissions also lagged official targets, he said.
China has been closing outdated factories and imposing stricter environmental rules to ensure sustainable economic growth. The government has also been reforming the pricing of fuel, natural gas, water and power to encourage conservation.
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