New green pol­icy gives in­dus­tries a big boost

Value of en­ergy- sav­ing sec­tor’s out­put to reach $ 728b by 2015

China Daily (Hong Kong) - - FRONT PAGE - By DU JUAN du­juan@chi­nadaily.com.cn

China will speed up de­vel­op­ment of the en­ergy-sav­ing sec­tor and make it a pil­lar of the national econ­omy by 2015, top pol­i­cy­mak­ers said on Sun­day.

The State Coun­cil vowed in a state­ment to spur tech­no­log­i­cal in­no­va­tion, ex­pand de­mand for en­ergy- sav­ing prod­ucts and boost the en­vi­ron­men­tal­pro­tec­tion ser­vice in­dus­try.

Ac­cord­ing to the State Coun­cil, the value of the en­ergy-sav­ing in­dus­try’s out­put will reach 4.5 tril­lion yuan ($728 bil­lion) by 2015, an aver­age an­nual growth of 15 per­cent.

Wang Xiaokun, an en­ergy an­a­lyst at Sub­lime China In­for­ma­tion, a Chi­nese com­modi­ties con­sult­ing firm, said the pol­icy gives clear di­rec­tion to the in­dus­try and brings op­por­tu­ni­ties to in­vestors, in­clud­ing pri­vate com­pa­nies.

The govern­ment will play a lead­ing role and al­low non­State cap­i­tal to in­vest in en­er­gysav­ing projects.

“The govern­ment en­cour­ages low-car­bon and en­er­gysav­ing de­vel­op­ment, which means busi­ness op­por­tu­ni­ties to the sup­pli­ers for such in­dus­tries,” said Wang. “For in­stance, the equip­ment man­u­fac­tur­ers for power plants and grid will ben­e­fit from the pol­icy.”

Ren Jun­ming, a com­men­ta­tor on Xin­huanet.com, said the

The govern­ment en­cour­ages low-car­bon and en­ergy-sav­ing de­vel­op­ment, which means busi­ness op­por­tu­ni­ties to the sup­pli­ers for such in­dus­tries.”

WANG XIAOKUN EN­ERGY AN­A­LYST AT SUB­LIME CHINA IN­FOR­MA­TION

pol­icy is sig­nif­i­cant in terms of ex­pand­ing do­mes­tic de­mand and pro­mot­ing up­grad­ing of tra­di­tional in­dus­tries.

China will in­vest 1.8 tril­lion yuan in the re­new­able en­ergy in­dus­try dur­ing the 12th FiveYear Plan (2011-15) and spend an­other 2.3 tril­lion yuan on en­ergy-sav­ing and emis­sions re­duc­tion, Xie Zhen­hua, deputy di­rec­tor of the National De­vel­op­ment and Re­form Com­mis­sion, said in late July.

China has com­mit­ted to re­duce its car­bon emis­sions per unit of GDP by 40 to 45 per­cent by 2020 from the 2005 level and raise its non-fos­sil en­ergy con­sump­tion per­cent­age to 15 per­cent of its en­ergy mix.

From 2006 to 2012, China’s en­ergy con­sump­tion per unit of GDP was re­duced by 23.6 per­cent, equiv­a­lent to a re­duc­tion of 1.8 bil­lion met­ric tons of car­bon emis­sions. Mar­ket share of high­ef­fi­ciency en­ergy-sav­ing tech­nol­ogy and equip­ment will rise from the cur­rent 5 per­cent to 30 per­cent by the end of 2015, Xie said.

“Fac­ing the promis­ing green and low-car­bon mar­kets, re­lated com­pa­nies should in­crease their in­vest­ments in re­search, de­vel­op­ment and the ap­pli­ca­tion of low­car­bon tech­nol­ogy to strengthen their com­pet­i­tive­ness in the global mar­ket,” said Xie.

“By cop­ing with cli­mate change and adapt­ing to the new trend, com­pa­nies can make prof­its and ful­fill so­cial re­spon­si­bil­ity at the same time.”

The mar­ket share of en­er­gy­ef­fi­cient prod­ucts will in­crease at least 50 per­cent by 2015, the State Coun­cil said.

Ur­ban sewage treat­ment ca­pac­ity will also in­crease to 200 mil­lion cu­bic me­ters per day by 2015.

The new en­ergy ve­hi­cles in­dus­try will em­brace its rapid de­vel­op­ment thanks to the pol­icy.

In Bei­jing, Shang­hai and Guangzhou, use of new en­ergy ve­hi­cles for pub­lic trans­porta­tion will be ex­tended. Such buses will ac­count for more than 60 per­cent of all buses by 2015.

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