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Sunday, 22 November 2009 |
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Many Chinese entrepreneurs and analysts agreed that low carbon development has gradually become a trend in China. The trend was propelled by Chinese leaders' commitment to sustainable development, according Xinhua report,
President Hu Jintao in September told global leaders at the United Nations climate change summit that China will "step up efforts to develop a green economy, a low-carbon economy and a circular economy."
He promised that the country, the world's third largest economy, would endeavor to cut carbon dioxide emissions per unit of gross domestic product (GDP) by a "notable margin" by 2020 from the 2005 level.
China Huaneng Group (Ticker: HNP), a major state-owned energy enterprises with installed capacity of more than 9,000 megawatt, plans to achieve desulphurization by the end of 2010 for all of its coal-fueled power plants. Other companies are also following the trend.
Despite positive reactions from the public and industrial sectors, Chinese energy experts warned that China's road to industrialization through low-carbon path would be hard.
A report, jointly issued in September by more than 100 Chinese energy experts, said China might reduce the intensity of carbon dioxide emissions with a persistent policy of energy saving and emissions reduction. |