CHINA SETS GHG CUT GOALS

China Sets New Greenhouse Gas Emission Reduction Goals
Vivian Ni, January 18, 2012 (China Briefing)

"In its newest ‘12th Five-year Plan on Greenhouse Emission Control’…China has set its new goals of reducing carbon emissions in the next five years and called for pilot programs that aim to promote a low-carbon economy… The newly released Plan aims to reduce China’s carbon intensity – the amount of carbon emitted per unit of GDP – by 17 percent by 2015, compared with 2010 levels…

"…Energy consumption intensity by GDP will also be reduced by 16 percent…[Specific reduction goals indicated by China’s National Development and Reform Commission vary geographically]…"

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"…[E]ach province/municipality/autonomous region has been given specific carbon intensity and energy consumption intensity targets. Regions more economically developed or more heavy industry centered – such as Guangdong, Shanghai, Jiangsu, Zhejiang and Tianjin – are required to meet higher goals.

"China is also quickening its pace with regards to industrial upgradations, vowing to restrict high energy consuming industries while developing services and strategic emerging industries. By 2015, the newly added value of services and strategic emerging industries will take up 47 percent and 8 percent of China’s GDP, respectively…"