Coal con­sump­tion cap at 4.1b tons by 2020

China Daily (Canada) - - BUSINESS -

China aims to cap coal con­sump­tion at 4.1 bil­lion tons by 2020 and use cleaner fuel. By 2020, the share of coal in the coun­try’s en­ergy mix should fall be­low 58 per­cent, said the en­ergy sec­tor’s five-year plan for 2016-20, re­leased by theNa­tional Devel­op­ment and Re­form Com­mis­sion and theNa­tional En­ergy Ad­min­is­tra­tion. Coal ac­counted for 64 per­cent of pri­mary en­ergy in 2015. By 2020, China’s to­tal en­ergy con­sump­tion will be capped at 5 bil­lion tons of coal equiv­a­lent, rep­re­sent­ing an an­nual rise of about 2.5 per­cent be­tween 2016 and 2020. The share of non-fos­sil fu­els will rise to more than 15 per­cent and the share of nat­u­ral gas should reach 10 per­cent. on av­er­age, and 15.6 per­cent of them own at least four each, ac­cord­ing to the re­port pub­lished byHu­run Re­search In­sti­tute. Over 50 per­cent of the prop­er­ties they bought were pur­chased for school district ac­cess, the re­port said, adding that chil­dren’s ed­u­ca­tion and the need to hedge against risks are two ma­jor rea­sons for their pur­chases. As of May 2016, the Chi­nese main­land had about 1.34 mil­lion peo­ple with as­sets worth of more than 10 mil­lion yuan, up 10.7 per­cent year-on-year, the re­port said.

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