A major nationwide energy efficiency drive appears to be behind the Chinese government's plan to spend a total of USD2.8bn on energy-saving and anti-pollution projects this year.
As part of the planned spending, China's National Development and Reform Commission will channel USD$1.32bn into energy conservation and emission reduction programmes, Interfax reports.
China is bidding to reduce energy consumption per unit of GDP growth by around 20 per cent by 2010 period, and to cut emissions of major pollutants by 10 per cent. In 2006, China failed to meet its annual target of a four per cent cut in energy usage by a margin of more than
two per cent.
The stated objective of the NDRC is to reduce the growth of energy-intensive and high-polluting industries, and enact a fuel tax to act as a disincentive to use traditional fuels and encourage the utilisation of renewable energy sources. China also plans to reform its energy pricing mechanisms.
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A major nationwide energy efficiency drive appears to be behind the Chinese government's plan to spend a total of USD2.8bn on energy-saving and anti-pollution projects this year.
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