China Watch Blog has learnt that China is planning a major energy plan. To promote the development of the emerging energy industries and meet the carbon emissions reduction targets of 2020, the National Energy Administration (NEA) has compiled a development plan for emerging energy industries from 2011 to 2020 that will require direct investments totaling 5 trillion yuan, according to the NEA on July 20.
Jiang Bing, director-general of the Policy Planning Department under the NEA, said that the plan has specified major policy measures for the development and utilization of nuclear, wind, solar, biomass, geothermal, unconventional natural gas and other new energies. The plan has also detailed the industrialized application of new clean coal, smart grid, distributed energy and alternative-fuel vehicle technologies.
According to initial calculations, the new plan will greatly ease China’s excessive reliance on coal in 2020 and cut sulfur dioxide emissions by about 7.8 million tons and carbon dioxide emissions by about 1.2 billion tons in a year. Furthermore, this will contribute 1.5 trillion yuan in added-value per year and create 15 million job opportunities.
The key energy structural adjustment tasks during the 12th Five-Year Plan period include taking effective measures to increase energy efficiency, enhancing the utilization levels of traditional clean energy and expanding the utilization scales of natural gas and other clean energies. It also includes accelerating the construction of hydropower and nuclear power facilities, according to a People’s Daily report.
If you think China Watch Blog's information is useful, buy me a coffee!!!




