BEIJING Jan 10 China's carbon intensity, or its
emissions relative to economic output, fell more than 3.5
percent in 2012, outperforming its average annual target,
China's chief climate change official said on Thursday.
China aims to cut carbon intensity by 17 percent during the
2011-2015 period, which means an annual average target of around
3.5 percent. Intensity is the amount of carbon dioxide emitted
per unit of gross domestic product.
"The situation last year was relatively good. Based on a
preliminary estimate, China could achieve a more than 3.5
percent fall in carbon intensity," said Su Wei, director general
of climate change department of National Development and Reform
Cutting carbon intensity allows China to meet international
demands for it to curb emissions and also keep its priority that
development must come first while many Chinese still live in
The government is currently drawing up a national plan on
climate change till 2020, which is expected to be finalised
soon, Su said.
China recently published a new industrial carbon emissions
plan. Steel, nonferrous metals and petrochemical sectors are
required to cut CO2 intensity by 18 percent by 2015 compared
with the 2010 level.
By 2020, China aims to cut its carbon intensity by 40 to 45
percent versus the 2005 level, a target that is stimulating a
sharp increase in investment demand in energy efficiency and
Its efforts to control emissions are also paving the way for
creation of a carbon market, which requires accurate
measurements of the carbon emitted.
China's biggest listed steelmaker, Baoshan Iron and Steel
, is among the industrial companies that must
participate in a pilot carbon trading scheme in Shanghai, the
local government said last month.
China will need 1.24 trillion yuan ($199.2 billion) in
energy conservation investments in 2011-2015, an increase of 50
percent from the level in 2006-2010, according to a research
report released by Tsinghua University on Thursday.
The investment in China's renewable energy sector in
2011-2015 will increase 37.5 percent to 1.8 trillion yuan, the
($1 = 6.2262 Chinese yuan)
(Reporting by Wan Xu and David Standway; editing by Jane Baird)