FACTBOX-China's 2020 clean energy plan
BEIJING, Aug 27 (Reuters) - China announced a 5 trillion yuan ($736 billion) investment plan on clean energy in the next decade, aiming to lift the non-fossil fuel component of its supply to 15 percent of its total primary energy demand by 2020, from under 8 percent last year.
China, already the world's largest emitter of carbon dioxide, has also pledged to cut carbon emission in each unit of gross domestic product by 40 percent to 45 percent by 2020 from the 2005 levels.
The investment plan, to cover sectors including nuclear power, wind, solar, biomass, clean coal, unconventional gas, smart grid, distributed energy and new-energy vehicles, was drafted by the National Energy Administration and is now being reviewed by the State Council.
Some Chinese media said the detailed plans were likely to be announced as early as next month.
Analysts said most of the $736 billion expenditure would come from state-run firms such as China National Nuclear Corp, China Huaneng Group and the State Grid Corporation of China. The package should also include state grants in terms of tax rebates or power tariff subsidies.
Separately, China has called for accelerating construction of dams in the next 10 years, seeing hydropower as a crucial element in reaching its green targets.
For a related analysis [ID:nTOE67A06W]
Here is a sketch of the plans in terms of targeted capacities as disclosed by government officials or Chinese media, subject to changes pending plan finalisation.
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2009~ 2015 2020 Nuclear power(GW) 9.1 39 75 Hydropower(GW) 196 250 300 Other renewable energy (mln t standard coal)
- 110 24O in which: Wind power(GW) 17.6 90 150 Solar power(MW) 160 5,000 20,000 Geothermal, tidal power (MW) 28.1 - - Biomass power (GW) 1.09 - 30 Non-conventional gas (billion cubic metres) coalbed methane 20-30 shale gas 2 Total natgas (bcm) 89 260 300 Clean coal - - - Smart Grid - - - Distributed energy system - - -
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Smart Grid: China has planned 300 billion yuan ($44 billion) of investments on ultra high voltage power transmission networks before 2012, a key content of the "strong smart grid" advocated by the country's top grid operator.
The State Grid Corporation of China plans to kick off smart grid construction from 2011 to 2015 after earmarking less than 10 percent of its 250 billion yuan annual investment on smart grid pilot projects this year. ------------------------------------------------------------
In 2007, the National Development and Reform Commission announced a renewable energy plan for 2010 and 2020 with key targets listed below. China has overshot its wind and solar goals as a result of rapid expansions in the last few years. ------------------------------------------------------------
2005~ 2010 2020 Hydropower(GW) 117 190 300 Biomass power(GW) 2 5.5
30 Wind power(GW) 1.26 5
30 Solar Power(MW) 70 300 1,800 Tidal power (MW) - -
100 Densified solid biomass fuel(mln t) - 1 50 Marsh/soil gas (bln cu. m.) 7 19 44 Fuel ethanol(mln t) 1.02*
2^ 10 Biodiesel(mln t) 0.05 0.2 2 Solar water heater(mln cu.m) 80
150 300 Geothermal(mln t of standard coal) -
4 12 Renewable vs total energy 7.5%
10% 15% Total Investment: 2 trillion yuan ---------------------------------------------------------------- - Data not available. ~ Actual levels. # Capacity above 6,000 kilowatts each. * use grains as feedstocks. ^ use non-grain crops as feedstocks (Reporting by Jim Bai and Chen Aizhu; Editing by Ed Lane)
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