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China Outlines Reduction Targets in Energy Consumption by 2015

Industry News 08:52:45AM Sep 08, 2011 Source:SMM

BEIJING, Sept. 7 (Xinhua) -- China said on Wednesday that it aims to cut energy consumption per 10,000 yuan (1,563 U.S. dollars) of gross domestic product (GDP) by 16 percent in 2015 from the level last year.

Energy use per 10,000 yuan GDP will drop to 0.869 tonnes of coal equivalent by 2015, compared with 1.034 tonnes in 2010, the government said in a statement on its website, www.gov.cn.

The target amount will represent a 32-percent decline from the 1.276 tonnes of coal equivalent of energy consumption in 2005, according to plan.

By 2015, China will have saved 670 million tonnes of coal equivalent, the plan said.

To meet the goal, the government will rein in excessive growth in high-energy-consuming and high-polluting industries and step up elimination of outdated industrial capacities during the period, the statement said.

China will strictly control approval of new projects in energy-consuming and polluting sectors and those with overcapacity. Polluting industries and sectors with outdated production are prohibited from moving to the central and western regions of the country, the statement said.

China will work to increase the share of the service sector and strategic new industries in its national economy, the statement said.

The value-added output of service sector will account for 47 percent of the country's GDP by 2015, and that of strategic new industries will contribute 8 percent, according to the plan.

Non-fossil fuels will take up 11.4 percent in overall primary energy use by 2015, it added.

The plan also said the government will step up reform of resource taxation, and collect taxes from oil, gas and coal according to price instead of volume while increasing the tax rate.

Key Words:  energy consumption 

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1# Zinc
Sep.17
19160.0
-170.0
(-0.88%)
0# Zinc
Sep.17
19230.0
-170.0
(-0.88%)
T/C for domestic zinc concentrate
Sep.01
6325.0
0.0
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Sep.01
280.0
40.0
(16.67%)
Zinc Alloy (Zamak3/ZX01)
Sep.17
20130.0
-170.0
(-0.84%)

China Outlines Reduction Targets in Energy Consumption by 2015

Industry News 08:52:45AM Sep 08, 2011 Source:SMM

BEIJING, Sept. 7 (Xinhua) -- China said on Wednesday that it aims to cut energy consumption per 10,000 yuan (1,563 U.S. dollars) of gross domestic product (GDP) by 16 percent in 2015 from the level last year.

Energy use per 10,000 yuan GDP will drop to 0.869 tonnes of coal equivalent by 2015, compared with 1.034 tonnes in 2010, the government said in a statement on its website, www.gov.cn.

The target amount will represent a 32-percent decline from the 1.276 tonnes of coal equivalent of energy consumption in 2005, according to plan.

By 2015, China will have saved 670 million tonnes of coal equivalent, the plan said.

To meet the goal, the government will rein in excessive growth in high-energy-consuming and high-polluting industries and step up elimination of outdated industrial capacities during the period, the statement said.

China will strictly control approval of new projects in energy-consuming and polluting sectors and those with overcapacity. Polluting industries and sectors with outdated production are prohibited from moving to the central and western regions of the country, the statement said.

China will work to increase the share of the service sector and strategic new industries in its national economy, the statement said.

The value-added output of service sector will account for 47 percent of the country's GDP by 2015, and that of strategic new industries will contribute 8 percent, according to the plan.

Non-fossil fuels will take up 11.4 percent in overall primary energy use by 2015, it added.

The plan also said the government will step up reform of resource taxation, and collect taxes from oil, gas and coal according to price instead of volume while increasing the tax rate.

Key Words:  energy consumption