SHANGHAI, Nov. 14 (SMM) –

MIIT Warns of Alarmingly Low Energy Utilization Rate in China
China will continue to push ahead with acceleration in industry restructuring, improvement in energy efficiency in industrial sector as well as low-carbon production, said Miao Wei, head of the Ministry of Industry & Information Technology (MIIT).
 
Energy utilization rate in China is a mere 33%. As a consequence, energy consumption per unit of GDP in China is 2.2 times that of the world average and 3-4 times that of the average in developed countries. These alarming data have prompted the central government to take greater efforts to cut carbon emissions and promote development of clean energy.   

IEA Acknowledges China’s Progress in Emission Cuts and Energy Mix Adjustment
China has made some progress in national energy mix adjustment, charging fees for carbon emissions and termination of subsidies for fossil energy, Maria van der Hoeven, Executive Director of the International Energy Agency ( IEA), said in an interview.

China is planning to establish renewable energy quota system, optimize power grid and provide financial incentives to distribution power generation projects, but details regarding quota system still need to be discussed, she added.