China curbs CO2 emissions through industrial restructuring (4)

In 2011, the output value of the energy conservation service industry amounted to 125 billion yuan, an increase of 49.5 percent year on year. Energy service companies carried out more than 4,000 energy performance contracting projects with a total investment of 41.2 billion yuan, up 43.5 percent year on year, saving energy equivalent to more than 16 million tons of standard coal.

To optimize the energy structure, China accelerated the development of non-fossil fuels. The National Energy Administration has drawn up the Development Plan for Renewable Energy During the 12th Five-year Plan Period as well as four specific plans for hydropower, wind power, solar power and biomass energy.

It has also formulated plans for the development of recharging stations for electric vehicles in five cities, including Shanghai.

To enhance grassland carbon sinks, the Chinese government in 2011 disbursed 13.6 billion yuan to develop a subsidy and award mechanism for grassland conservation in nine provinces and autonomous regions, including Inner Mongolia, Tibet, Xinjiang and Gansu.

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