The agency also urged all governments to include energy efficiency as key index in their project evaluations. More than percent of the estimated percent increase in global primary energy demand by However, China is also playing leading role in the global carbon market, according to World Bank.
However, China is also playing leading role in the global carbon market, according to World Bank. The energysaving task is very challenging. The agency also urged all governments to include energy efficiency as key index in their project evaluations. In addition, the central government has launched variety of energy conservation projects, such as the use of energysaving light bulbs nationwide and the construction of energyefficient buildings.
China, in particular, is envisioning sustainable energy future to meet its rising demand and has high hopes to ramp up energy production while simultaneously cutting back on energy use.Yongsheng Xu, vice director general of the Bureau of Energy with Chinas National Development and Reform Commission NDRC, noted recently that China will likely pass the United States as the worlds top energy producer in the next two years, with more than 10,000 billion yuan US1.
From to of this year, it held dominant percent share in the Clean Development Mechanism CDM, an arrangement under the Kyoto Protocol that allows industrial countries to offset their own releases of greenhouse gases by investing in emissionsreducing projects in developing countries. In its World Energy Outlook launched 7, the International Energy Agency IEA projected that China will likely pass the United States as the worlds top energy producer in the next two years, with more than 10,000 billion yuan US1.
NDRC chief Kai Ma confirmed Chinas role as an energy powerhouse in recent article on the nations energy security, noting that in China accounted for percent of world coal production and was the sixth largest oil producer at million tons, the second largest electricity producer, and the largest hydropower producer. Ma stressed that China also has huge potential for energy savings by adjusting its economic structure and growth modelfor example, by moving from dominance in manufacturing to the lessenergyintensive service sector, and by applying energyefficient technologies in all areas of commercial and household consumption.
Tags: coal, oil
