China’s energy intensity falls at fastest pace as non-fossil fuel consumption grows

Source:Reuters-Global Times Published: 2017/8/24 17:58:40

China's energy intensity is declining at the fastest pace, a government economist was quoted as saying by the State Council on its website on Thursday, as the country strives to adjust its energy structure and improve energy efficiency.

Data from the National Energy Administration (NEA) shows that energy consumption per unit of gross domestic product in China reduced 14.6 percent from 2013 to 2016.

"Energy development in China should follow a low-carbon principle and the proportion of natural gas and non-fossil fuel in energy consumption should increase," said Guo Zhi, chief economist at the NEA.

China's installed capacity of hydropower, wind, solar and nuclear power has ranked No.1 in the world, according to the NEA.

The world's biggest energy consumer pledged to raise its non-fossil fuel portion of primary energy consumption to 15 percent from 12 percent by 2020.

Natural gas and non-fossil fuel consumption has grown 4.2 percent over the past four years, while coal consumption declined, the NEA data shows.

The central government is considering efficiency improvements as the crucial part of its long-going energy reform. "In the next step, the NEA will work with relevant authorities to achieve the goals of energy consumption control and carry out inspections," said Guo.

"[The authorities] will also eliminate outdated capacity and strictly limit new capacity in high energy-consuming industries such as steel and construction materials."

Coal consumption rose 1 percent to 1.83 billion tons in the first half of this year from a year earlier, driven by higher consumption in power, steel and chemical sectors, according to the NEA data.

Posted in: MARKETS

blog comments powered by Disqus