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September 30, 2010

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Home » Business » Energy

China can meet energy target

CHINA can realize its five-year goal to conserve energy by the end of the year but will find that its climate-change target for the next decade will be a tougher and costly act to follow, a senior official said yesterday.

China has a target to cut energy intensity - the amount of energy required to produce one unit of gross domestic product - by a fifth in five years through 2010 as part of its 11th five-year plan. The energy intensity use fell 15.6 percent by the end of 2009, but rose 0.09 percent in the first half of this year.

Xie Zhenhua, deputy chief of the National Development and Reform Commission, said the goal is still achievable as China is spending 83.3 billion yuan (US$12.5 billion) in environmental and energy conservation projects this year and closing hundreds of inefficient plants.

But he said considerable effort is needed to meet the 2020 target of slashing carbon intensity - emissions per unit of GDP - by 40 to 45 percent from the 2005 level.

"The easiest problems were already generally dealt with in the 11th five-year plan, and there will be increasing difficulty in the 12th and 13th five-year (plans)," Xie said. But he added the government will persist and unveil measures, such as tax incentives and price reforms, in the next five years to spur conservation.

Xie, also China's lead climate official, spoke at a press conference to announce that Tianjin will host a UN climate working group meeting from October 4-9, the last formal negotiations ahead of a key United Nations Climate Change Conference in Cancun, Mexico, at the end of the year. This will be the first time that China is hosting UN climate negotiations.




 

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