REFILE-UPDATE 1-China to cut energy intensity 17.3 pct by 2015

Mon Oct 18, 2010 9:59am GMT
 

* To cut energy intensity by 17.3 pct in 2011-2015

* Eyes another 16.6 pct cut in 2016-2020 (Refiles to clarify units in fifth paragraph)

BEIJING Oct 18 (Reuters) - China, the world's top energy consumer, will cut the energy used for each dollar of economic output by 17.3 percent from 2011 to 2015, compared with levels in 2010, state media reported on Monday, citing an energy official.

The goal is part of an effort to cut energy intensity by 31 percent by 2020, Huang Li of the National Energy Administration was quoted as saying by a Chinese news portal (www.163.com) as well as by state radio.

The country plans to cut energy intensity by 16.6 percent during 2016-2020 period, Huang was quoted as saying.

Local governments across China have been struggling to meet the current national target of reducing energy intensity by 20 percent in the five years from 2005 to the end of this year.

Consumption of non-fossil fuels including nuclear and hydropower will reach 780 million tonnes of standard coal equivalent by 2020, Huang said.

The reports did not specify where Huang made the comments.

Huang said China's hydropower generating capacity should reach 380 gigawatts (GW) by 2020, nuclear capacity will rise to 80 GW, and wind, solar and biomass capacity will reach 200 GW by then, reiterating similar forecasts by other energy officials.   Continued...

Market Update

  • Africa
  • US
  • Europe
  • Asia
UK £ USD =1.6185
Euro USD =1.2594
Rand USD =0.0886