Shanghai’s energy-saving measures pay off
Print Edition
THE output of Shanghai’s energy-saving industry hit 32.3 billion yuan (US$5.2 billion) in 2014, up 12.2 percent year on year, officials told an annual energy-saving conference yesterday.
Investment in energy saving surged 55.7 percent from 2013 to 7.9 billion yuan last year, the officials said.
Shanghai managed to save energy equal to 300,000 tons of coal and cut 700,000 tons of carbon dioxide in the past year.
There were 112 new energy-saving firms registered in Shanghai last year, up 35.6 percent from 2013. This brought the total number of such firms to 427 by the end of 2014.
Industrial energy accounted for 54 percent of the city’s total energy use in 2013, down from 70 percent in 2000. The proportion of coal energy in total energy use had been cut to 41 percent in 2013 from 65 percent in 2000.
Shanghai said it will offer 3 billion yuan in subsidies to promote renewable energy and new-energy cars.
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