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August 18, 2021

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Curbs on projects that waste energy

China will curb development of projects that use large amounts of energy and have high carbon emissions, the state planner said yesterday, as the country struggles to meet its climate pledges with many regions falling short of their targets for the year.

The world鈥檚 second-largest economy has pledged to bring down its carbon emission to a peak by 2030 and reach carbon neutrality by 2060 and is laying out stricter rules for companies and provinces to help achieve those goals.

However, nine provinces and regions in China, including Guangdong, Guangxi, Yunnan and Jiangsu, increased their energy consumption on an annual basis in the first half of the year, Meng Wei, spokeswoman for the National Development and Reform Commission, said at a news conference.

鈥淭he national energy conservation situation is very severe,鈥 Meng said.

Only 10 out of 30 Chinese mainland regions achieved their goals to cut energy consumption and energy intensity, or the amount of energy consumed per unit of economic growth, in the first six months of this year, according to NDRC鈥檚 statement yesterday.

That shows the same result as the assessment for the first quarter this year, indicating no outstanding improvement after Beijing鈥檚 previous warnings.

The NDRC has stopped reviewing proposals in those areas for new high energy-consuming projects that don鈥檛 have the support of the national government for the rest of the year to try to meet annual targets, Meng said.

The state planner also recently urged local governments to reduce more than 350 planned projects, and pledged to take down those that have failed to meet government requirements, she said.

While some regions approved high energy-consumption projects illegally, the NDRC noted there are other industries and companies that set overly ambitious goals, while some financial institutions had cut credit lines for coal power projects.

The state planner said it is working with relevant departments to formulate work plans and to ensure 鈥渘o deviation鈥 from central government policy.


 

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