Sunday, June 20, 2010

Chinese government plans more curbs on energy consumption


China is about to get tougher on energy-intensive industries, according to Xie Zhenhua, a top official responsible for the country’s climate-change policies. Xie, vice-chairman of the powerful National Development and Reform Commission, sounded a note of alarm about China’s decrease in energy efficiency this year and outlined stricter policies to curb energy consumption in an interview with the People’s Daily earlier this week.

Xie said the government may cap electricity supplies in some areas, and that any subsidies provided to energy-intensive industries must end immediately. The Chinese government has set an ambitious goal of reducing China’s energy intensity-a measure of the energy consumption vis a vis GDP-by 20 per cent between 2005 and 2010.

See full Article.