Over the next five years, China plans to introduce new regulatory measures including energy price reform, carbon trading pilots, energy labelling for consumer products and support for energy services companies (ESCOs).
The government also wants to see a four-fold growth in nuclear power (from 10 GW to 40 GW), 63 GW of new hydroelectric power, 48 GW of wind capacity and 5 GW of solar power. But coal generation will continue to provide 260 GW, although its share of China’s energy mix is predicted to fall from 72% to 63%.
Meanwhile, industrial energy efficiency measures will remain and the nation plans to target ‘aggressive growth’ in seven strategic areas including energy efficient products, renewable energy and new technologies like plug-in electric vehicles and LED lighting.
Read the article in the Energy Efficiency News
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