China to Meet its Energy and Environmental Goals for 2015
China is optimistic in meeting its energy and environmental goals for 2015. As one top economic planner stated that officials are shedding light on efforts to slash green house gas emissions. Energy consumption per unit of GDP was down to 5.6 percent for the first quarter compared to the same period last year thus suggesting that the full year target of 3.1 percent is within reach.
But such efforts should not be relaxed as pressure being caused by economic adjustment and lower prices for fossil fuels might divert attention of local governments and entrepreneurs away from saving energy. Thus the country is promising that it will be able to meet the 16 percent energy saving goal for 2011 to 2015 and there is a possibility of it exceeding. Studies related to energy saving projects and targets for the period of 2016 to 2020 is well on the way.
Economic restructuring os one of the major factor in the efforts in saving energy, as investments in fuel guzzling industries are being controlled. Furthermore changes in the economic structure has bared fruit and the service sector accounting for 51 percent of the GDP in the first quarter surpassed the growth of the industrial sector.
China must maintain is ambitious energy saving target of no less than 16 percent in the next five years as China is also preparing for the United Nations Climate Change Conference that will place in Paris.