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Strategies & Market Trends : China Warehouse- More Than Crockery

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To: RealMuLan who wrote (3781)11/25/2004 10:34:18 PM
From: RealMuLan  Read Replies (1) of 6370
 
Energy use to double by 2020, report says
By Fu Jing (China Daily)
Updated: 2004-11-25 22:09

China plans to double its energy consumption as its economy quadruples by 2020, officials say.

Up to 1.4 billion tons of standard coal, an amount nearly equal to energy consumed by the nation last year, should be saved by 2020 when China meets its target of an all-around well-off society.

With an annual savings rate of 3 per cent, China's energy consumption is expected to reach 3 billion tons of standard coal in 2020.

The goals are included in a medium- and long-term energy savings plan unveiled yesterday by National Development and Reform Commission (NDRC), a powerful State Council department that helps govern China's social and economic development.

Officials and experts urged concrete measures to reach the energy-savings goals while maintaining robust economic growth.

Zhao Jiarong, NDRC department director in charge of resources-savings, said energy-conservation efforts will by mainly involve sectors that include power generating, steel, petroleum, coal, communication and construction.

In the plan, Zhao's commission also requires that coal, a major energy resource consumed by China, will be mainly used to generate power, oil will be used as a power for transportation and chemical resources, while cities will be encouraged to burn natural gas for heating and other household uses.

Zhao said the plan has partly resulted from China's present worst energy crunch since the late 1980s.

Two-thirds of the nation's area have been afflicted with brownouts and regular blackouts since last year. Supply failures are attributed to insufficient construction of new power plants over the past few years, and rampant consumption increases in energy-intensive sectors industries such as the steel, aluminum, cement and chemical industries.

Zhao's commission is worried that energy shortages and increasing imports will become bottleneck economic growth and become a threat to the environment and national security.

She said China has great potential to improve its energy efficiency and to alleviate the impact of energy supply shortfalls.

According to an official report, China spends 13 per cent of its GDP on energy consumption, almost double the US level. In the booming housing sector, for instance, only 2.5-5 per cent of new houses meet energy conservation standards.

Experts agree the new plan is a sign the Chinese Government is facing up to the challenge and is working to develop a sustainable economy.

"China's big challenge over the next 20 years will be a shortage of resources, especially an energy shortage," Zhang Jianyu, head of the Beijing Office of the US-based non-governmental environmental organization, Environmental Defence, told China Daily.

chinadaily.com.cn
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