Key takeaways on China's all-round effort to reform energy consumption

BEIJING, Dec. 21 (Xinhua) -- China perseveres with its fundamental national policy of conserving resources and protecting the environment.

Prioritizing energy saving, the country understands that energy conservation means increasing resources, reducing pollution, and benefiting humanity, and exercises energy saving throughout the whole process and in all areas of economic and social development.

Here are some key takeaways on China's all-round effort to reform energy consumption stated in the white paper titled "Energy in China's New Era" released Monday by the State Council Information Office of China.

A DUAL CONTROL SYSTEM OF TOTAL ENERGY CONSUMPTION, INTENSITY

China sets the targets of total energy consumption and energy intensity for different provinces, autonomous regions and municipalities directly under the central government and applies oversight and checks over the performance of local governments at all levels. It breaks down the dual control targets of total energy consumption and energy intensity for key energy consumers, and evaluates their performance accordingly to strengthen energy-saving management.

IMPROVING LAWS, REGULATIONS AND STANDARDS FOR ENERGY CONSERVATION

China has revised the Energy Conservation Law. It has put in place an energy-saving system in key areas including industry, construction and transport as well as in public institutions. It continues to improve the supporting legal institutions for energy conservation supervision, energy-efficiency labeling, energy-saving checks on fixed assets investment projects, and energy conservation management of key energy consumers. It has strengthened standard-setting as a constraining factor and improved energy-saving standards system.

IMPROVING ENERGY-SAVING, LOW-CARBON INCENTIVES

Corporate income tax and value-added tax incentives are awarded to energy-saving businesses. China encourages the imports of energy-saving technologies and equipment, and controls the exports of energy-intensive and heavy-polluting products. China is improving the green financial system, and makes use of energy efficiency credits and green bonds to support energy conservation projects. It is exploring new ground in pricing to advance green development. Differential pricing, time-of-use pricing, and tiered pricing for electricity and natural gas have been adopted.

IMPROVING ENERGY EFFICIENCY IN KEY AREAS

China is doing all it can to optimize the industrial structure, develop advanced manufacturing, high-tech industry and modern services with low energy consumption, and promote the intelligent and clean transformation of traditional industries. China has raised the energy-saving standards of new buildings, expanded the energy-saving renovation of existing buildings, and improved the structure of energy consumption in construction. It is developing a highly efficient and comprehensive transport system with lower energy consumption, promoting the use of clean energy in transport, and enhancing energy efficiency of vehicles and other means of transport. It is building energy-saving public institutions, to set an example for the rest of society.

PROMOTING CLEAN FINAL ENERGY CONSUMPTION

China is working to reduce and find substitutes for coal consumption, and taking comprehensive measures to control the use of bulk coal. It is promoting clean and efficient coal-fired furnaces, and replacing inefficient and highly-polluting coal with natural gas, electricity and renewable energy. Now, fiscal and price policies are in place to support clean heating in winter in northern China to improve air quality. China is replacing coal and oil with electricity in final energy consumption, and popularizing new energy vehicles, heat pumps, electric furnaces, and other new forms of energy consumption. It has strengthened the development and connectivity of natural gas infrastructure, and made the use of natural gas more efficient in urban areas, as well as in industrial fuel, power generation, and transport. Enditem