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September 26 – China has been the world's largest energy producer for five consecutive years and has been able to meet 90% of its energy needs, Wu Yin, deputy director of the National Energy Administration, said at an industry meeting.
September 22 – China will introduce new emissions standards for coal fired power plants on January 1, 2012, according to a joint announcement by the Ministry of Environmental Protection and the General Administration of Quality Supervision, Inspection and Quarantine. Experts estimate the new standards will generate a ¥260 billion market for the removal of nitrates, sulfur and dust technologies.
September 15 – China's electricity consumption rose 11.9% year on year to 3.12 trillion kW hours in the first eight months of this year, according to the National Energy Administration. Electricity usage by primary industries was up 4.7% to 70.6 billion kW hours; electricity usage by secondary industries was up 11.8% to 2.34 trillion kW hours; electricity usage by tertiary industries was up 14.6% to 336.5 billion kW hours; and civilian electricity usage was up 11.4% to 373 billion kW hours. A total of 47.84 million kW of power generation capacity started working from January through August, including 32.24 million kW of coal fired capacity and 8.17 million kW of hydropower capacity.
September 6 – China's consumption of non-fossil fuels will total the equivalent of 470 million tons of coal by 2015, representing 11.5% of total energy consumption, according to state councilor Xu Dingming.
August 31 – Renewable energy is expected to account for 9.5% of China's total energy consumption by 2015, according to a five-year plan for the energy conservation industry.
August 22 – China's top five coal-fired electricity producers reported a combined ¥18.09 billion loss in the first seven months, ¥11.3 billion more than in the same period a year ago as a result of burgeoning coal prices, the China Electricity Council said.
August 22 – China will rebate value-added taxes on some expensive natural gas imports from January 1, 2011 through December 31, 2020 to ease oil producers' overloaded cost burden, according to a Ministry of Finance circular.
August 22 – China will need to invest ¥1 trillion developing coalbed methane over the next decade, according to the National Energy Strategy Commission. It is projected that China has 37 trillion m3 of coalbed methane accounting for 13% of global total. Just 3.4 billion m3 had been uncovered by the end of 2010.
August 22 – The energy conservation and environmental protection industry is expected to be the number one industry among China's top four economic pillars by 2015, along with the IT, biotech and high-end equipment manufacturing industries, according to a blueprint on the issue to be published in September. Experts estimate investment in the energy conservation and environmental protection industry would total ¥3 trillion over the next four years.
$1 = ¥6.37
@2011 China Economy @ The China Perspective.
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