2010/11/24

Fwd: China’s Nine-Month Energy Intensity Falls 3%, China Daily Says

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China's Nine-Month Energy Intensity Falls 3%, China Daily Says
2010-11-25 01:37:53.661 GMT


By Bloomberg News
Nov. 25 (Bloomberg) -- China used 3 percent less energy for
every economic unit produced in the first nine months compared
with a year earlier, China Daily reported, citing Xie Zhenhua,
vice chairman of the National Development and Reform Commission.
The world's fastest-growing major economy is on track to
meet its year-end energy conservation goal, the state-run daily
cited Xie as saying at a Beijing conference Nov. 24, days before
the start of global climate change talks in Cancun, Mexico.
China aims to cut energy intensity by 20 percent in the
five years ending next month. Energy use per unit of gross
domestic product rose 3.2 percent in the first quarter and 0.09
percent in the first six months, prompting the government to
take steps to curb consumption, including shutting factories.
The Asian nation will impose "stricter measures" for
energy conservation and emissions reduction in the next five-
year plan for 2011-2015, including making energy saving a
compulsory target, setting up carbon trading markets and
implementing green taxes, the newspaper cited Xie as saying.

For Related News and Information:
Top Energy Stories: ETOP <GO>

--Chua Baizhen. Editors: Ryan Woo, Jane Lee.

To contact the reporter on this story:
Baizhen Chua in Beijing at +86-10-6649-7561 or
bchua14@bloomberg.net

To contact the editor responsible for this story:
Jane, Ching Shen Lee at +60-3-2302-7855 or
jalee@bloomberg.net