March 14, 2011

The National People’s Congress approved the 12th Five-Year Plan

The National People’s Congress approved the 12th Five-Year Plan (FYP) on March 14, 2011. While the full text of the Plan was not officially published until this afternoon (March 16), key targets were made public in advance and discussed intensively in the run-up to the Plan’s approval. CGTI tracked the major greentech-related 12th FYP targets and commentary that made news over the past week, summarized here in this special edition of the Continuous Market Updates.

Overall, China mostly met or exceeded the four mandatory greentech-related targets from the 11th FYP (2005-10), and established an additional six targets for the next five years, for a total of ten greentech-related targets in the 12th FYP (2011-15).

The full text of the 12th FYP is now available at:
http://news.xinhuanet.com/politics/2011-03/16/c_121193916.htm (Chinese only)

 

Target Details – All Sectors

Target

Details

GDP

GDP will grow by 7% annually on average.
English: http://www.chinadaily.com.cn/xinhua/2011-03-05/content_1938144.html

Energy Intensity

China aims to cut energy consumption per unit of GDP by 16%from 2010 levels by 2015, and by 3.5% by the end of 2011.
The cumulative reductions achieved during the 11th Five-Year Plan period were 2.74% (2006), 7.64% (2007), 12.44% (2008), 15.68% (2009) and 19.06% (2010), based on 2005 levels.
English: http://www.chinadaily.com.cn/xinhua/2011-03-05/content_1938144.html
http://online.wsj.com/public/resources/documents/2011NDRCReportEng.pdf

Energy Consumption

China aims to cap energy use at 4 billon tons of coal equivalent by 2015, as a mandatory ceiling. 3.2 billion tons of coal equivalent was consumed in 2010.
English: http://english.cri.cn/6909/2011/03/04/1461s624079.htm

Non-Fossil Fuel

Non-fossil fuel will account for 11.4%of primary energy consumption.
English: http://www.chinadaily.com.cn/xinhua/2011-03-05/content_1938144.html

Carbon Emission

Carbon dioxide emission per unit of GDP will be cut by 17%from 2010 levels by 2015, and by 3.5% in 2011.
English: http://www.chinadaily.com.cn/xinhua/2011-03-05/content_1938144.html

SEIs

Seven strategic emerging industries (SEIs) – energy conservation and environmental protection, new energy, biotechnology, next-generation IT industry,high-end equipment manufacturing, new materials and new energy vehicles – will account for 8% of GDP by 2015, and 15% of GDP by 2020.
English:http://www.eurochinacom.eu/advice-and-consultancy/current-publications/economic-restructuring-in-chin/
http://online.wsj.com/public/resources/documents/2011NPCWorkReportEng.pdf

R&D

Expenditure on research and development will account for 2.2%of GDP by 2015, and 1.85% of GDP in 2011.
English:http://www.chinadaily.com.cn/xinhua/2011-03-05/content_1938144.html

Urbanization

China’s urbanization ratewill grow from 47.5% to 51.5% by 2015, and 48.3% in 2011.
English: http://online.wsj.com/public/resources/documents/2011NPCWorkReportEng.pdf


Cleaner Conventional Energy

Target

Details

Denitration

China will begin efforts ondenitration in coal-fired power plants, with NOx reduction target of 10% by 2015 from 2010 levels, and 1.5% by 2011.
English: http://www.asiawaterproject.org/more-editorial/6031/
http://online.wsj.com/public/resources/documents/2011NDRCReportEng.pdf

SO2 Reduction

Reduce sulfur dioxide (SO2) by8%by 2015 from 2010 levels, and 1.5% by 2011.
English: http://www.asiawaterproject.org/more-editorial/6031/
Chinese:http://news.sina.com.cn/c/2011-03-06/161022063000.shtml

Nuclear Power

From 2011 to 2015, China plans to launch nuclear energy projects with a combined generation capacity of 40 GW. In addition to boosting the construction of nuclear power plants in the coastal areas, new plants will be planned in central regions.
English: http://english.peopledaily.com.cn/90001/90776/90785/7309352.html

Pricing Reform

China aims to improve price-setting mechanisms for refined petroleum products and natural gas.
English: http://online.wsj.com/public/resources/documents/2011NDRCReportEng.pdf


Cleaner Transportation

Target

Details

New-Energy Vehicles

Energy-Saving and New-Energy Vehicle Plan Likely Due in H1
Miao Yu, head of the Ministry of Information and Industry Technology (MIIT), told reporters on March 4 that the Energy-Saving and New-Energy Vehicle Plan has been submitted to the State Council and is likely to be made public in the first half of this year. According to one industry expert who participated in drafting the plan, the final version is unlikely to differ significantly from the draft issued late last year, and that the biggest change will likely be a revision of the 2015 target for 500,000 new energy vehicles on the road upward to 1 million.
Chinese: http://auto.sohu.com/20110307/n303992180.shtml


Clean Water

Target

Details

Heavy Metal Pollutants

China targets 15% reduction for five heavy metals, including lead, mercury, chromium, cadmium and arsenic, in key polluted areas, from 2007 levels, which was 900 tons in total.
English: http://www.chinadaily.com.cn/china/2011-02/19/content_12043264.htm

Industrial Water Consumption

Water consumption per unit of value-added industrial output tobe cut by 30%from 2010 levels by 2015, and 7% in 2011.
English: http://www.chinadaily.com.cn/xinhua/2011-03-05/content_1938144.html

COD

Reduce Chemical Oxygen Demand (COD) by8% in 2015, and 1.5% in 2011.
English: http://www.asiawaterproject.org/more-editorial/6031/
Chinese: http://news.sina.com.cn/c/2011-03-06/161022063000.shtml


Electric Power Infrastructure

Target

Details

Pricing Reform

Improve pricing mechanisms for all kinds of electricity.
English: http://online.wsj.com/public/resources/documents/2011NDRCReportEng.pdf

Smart Grid

Intensify smart grid construction.
English: http://online.wsj.com/public/resources/documents/2011NDRCReportEng.pdf


Green Building

Target

Details

Renewable Energy in Buildings

MOHURD Issues Notice on Increasing Renewable Energy Use in Buildings
By 2020, MOHURD aims for renewable energy to account for over 15% of energy consumption in the building sector. During the 12th FYP period, MOHURD calls for efforts to increase concentrated development and types of renewable energy application in buildings, striving to add over 2.5 billion sqm building floorspace with renewable applications by 2015, saving 30 million tons of coal equivalent.
Chinese: http://www.gov.cn/gzdt/2011-03/12/content_1823328.htm


Renewable Energy

Target

Details

Hydropower

China plans to build hydropower stations along major rivers such as the Jinsha River, Yalong River and Dadu River with an installed capacity of 120 GW.
English: http://english.peopledaily.com.cn/90001/90776/90785/7309352.html

Wind Power

At least 70 GW of wind power capacity will be created in the next five years.
English: http://english.peopledaily.com.cn/90001/90776/90785/7309352.html

Solar Power

At least 5GW of solar power capacity will be created in the next five years.
English: http://english.peopledaily.com.cn/90001/90776/90785/7309352.html