China struggling to reduce energy consumption

China will be struggling to meet targets for reducing energy consumption unless it takes serious measures to change its economic growth patterns, experts said. In the first four months this year, China's coal consumption rose by 13.8% over the same period last year, coke, 11% and electricity, 12.5%, while China's GDP growth continues at around 10% this year.

Five industrial sectors - iron and steel, chemicals, building materials, oil and coke refining and electricity and heat generation - use over half of the country's total energy consumption. Some steps have been taken to raise the prices of refined oil products, coal and electricity, but the price rises are still not large enough as only a market-oriented pricing system could act as a real signal for efficient energy consumption.

(2006-07-05 12:41:37 SGT) [Energy] Permalink

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