China to Continue to Look for Ways to Face Challenges in Energy Development
As the demand for energy continues to rise and the supply is mounting challenges, the country is looking for a new way to produce and consume energy. During a news conference President Xi Jinping stated that the country’s energy development is successful and although facing challenges ranging from huge demand pressures, serious environmental losses production and supply restraints that is paired with the consumption of energy and technological backwardness that country still moved forward.
The country is already the largest energy consuming nation needs to look for a way to restrain any irrational energy consumption and impose controls on the country’s energy use. China already promised to control overall energy consumption and in their 2011-2015 plan for the energy sector will further strive to keep energy consumption within 4 billion tons of coal for 2015, although the target is not mandatory but 23 percent higher compared to 2010.
Jinping also asked the country to look into a supply that involves the country in diversifying into non coal energy sources. For the moment coal is being supplied to two-thirds of the country total primary energy demand and the country is striving to bring that figure down to less than 65 percent before the end of the year. China also needs to strengthen their cooperation with major oil and gas producing regions such has central Asia, America, the Middle East and Africa and boost their gas and oil storage and distribution capacity.