Home / Business / News Tools: Save | Print | E-mail | Most Read | Comment
Financial Muscle for Energy Conservation
Adjust font size:

China has put muscle into its drive for saving energy and reducing pollution with 10 billion yuan funded by the central government, according to the website of the country's top economic policy-planning agency.

 

Through the allocation of 6.3 billion yuan in treasury bonds and 5 billion yuan from the national budget appropriated at the start of the year, the country now has a total of 21.3 billion yuan in its green drive war chest.

 

The National Development and Reform Commission (NDRC) said that as part of the effort, about 9 billion yuan, 13 times of the amount allocated last year, will be used in 10 key energy saving and pollution reduction projects.

 

"It is great that a government's efforts are reflected in its policies and fund allocations, which correspond with its commitments," said Zhang Jianyu, an environmental visiting scholar in Tsinghua University.

 

"It also shows that the government is taking this (energy conservation and emission reduction) as its own, rather than allocating the responsibilities to enterprises," Zhang said.

 

China has set a target to cut energy consumption per unit of gross domestic product by 20 percent from 2006 to 2010 compared to the 2005 levels and reduce major pollution emissions, such as sulphur dioxide and chemical oxygen demands, by 10 percent.

 

Ten key projects for energy saving and pollution reduction are a significant part of the green effort, which planners estimate can save 240 million tons of coal equivalent.

 

The projects include saving and seeking substitutes for oil, improving coal-burning industrial boilers, developing regional combined circular power plants (CCPP), increasing energy efficiency in power generation systems, improving overall energy system performance, developing energy saving construction and lighting systems and requiring governmental lead in energy conservation, as well as providing monitoring systems and related service development.

 

Through saving and seeking substitutes for oil, the country is projected to conserve 38 million tons of oil by 2010.

 

Improvement in coal-burning industrial boilers will help the nation save 35 million tons of coal equivalent, while adoption of regional CCPP technology is estimated to save 35 million tons of coal equivalent.

 

The country's new buildings for both domestic and public use are required to save 50 percent of energy from 2006 to 2010 by adopting green technology and materials, which the NDRC estimates can conserve at least 100 million tons of coal equivalent.

 

(China Daily July 28, 2007)

 

Tools: Save | Print | E-mail | Most Read

Comment
Username   Password   Anonymous
 
Related Stories
Social Status Overtaking Environmental Safety in Car Purchases
Local Gov'ts 'Ignoring' Green Model
Clean Production Evaluation Standards Issued
Premier Urges Saving Energy in Constructing Olympic Facilities
Small Power Plants Closed to Save Energy
Coal Industry Told to Speed up Energy Saving
China to Draft Legislation on Energy-saving Buildings
Top Priority to Energy Statistics
No Air Conditioning for Gov't Offices Until 33 Celsius Degree
Nation Shifts Focus to Cut Energy Use
China Steps up Supervision of Energy Saving, Pollutant Reduction Performance

July 19 Shanghai Shanghai Finance Forum

Aug. 8-10 Beijing Company Summit Conference of China

Aug. 18-19 Beijing China Economic Development Forum

- Output of Major Industrial Products
- Investment by Various Sectors
- Foreign Direct Investment by Country or Region
- National Price Index
- Value of Major Commodity Import
- Money Supply
- Exchange Rate and Foreign Exchange Reserve
- How Does the VAT Works in China?
- How Much RMB or Foreign Currency Can Be Physically Carried Out of or Into China?
- What Is the Electrical Fitting in China?
SiteMap | About Us | RSS | Newsletter | Feedback
SEARCH THIS SITE
Copyright © China.org.cn. All Rights Reserved E-mail: webmaster@china.org.cn Tel: 86-10-88828000 京ICP证 040089号