China's Latest Five-Year Plan

CHINA have revealed details of their latest five-year plan, 2011 to 2015, which will include targets to curb carbon emissions and energy use, according to Xinhua.

In a statement released after Friday's Chinese national leadership team meeting on combating climate change, the government announced that it will include targets to curb carbon dioxide emissions and energy consumption in its new plan, which will run from 2011 to 2015.

The statement said: "China, as a responsible country, always supports jointly coping with the challenges of climate change through solid and effective international cooperation."

The statement also said that China will improve energy efficiency, further develop low-carbon technologies, establish a carbon trading scheme, plus honour pledges they made in Copenhagen last year to continue reduce energy intensity by 40-45 percent by 2020 based on 2005 levels.

It also pledged to make "progressive efforts" to establish a carbon market, work towards improving energy efficiency, and further develop low-carbon technology.

As we reported last week China has said it will maintain its ‘fast economic growth’ and increase its domestic demand, hence reducing dependence on foreign exports and investment. The danger is this rapid growth could hit their energy intensity reduction targets, as it has already this year.

The United Nations summit in Cancun, Mexico starts next week where the Chinese contradictory stand may raise questions as representatives meet to negotiate a new climate change deal.

The US and China will take the focus at the summit as the leading protagonists, with forecasts that is not likely to be any major breakthrough.

Many observers are hoping that at least a limited deal will be struck to provide funds for developing nations, along with ways to share clean technology and protect for the world’s forests.

Picture by Jakob Montrasio

Tuesday 23rd November 2010

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