Curbing China’s coal addiction

A reported push from Beijing to cap its coal use understandably is tied with a bit of scepticism. But due to past misguided provincial government interference in the economy, there is large room for reductions in energy use without harming economic growth.

John Garnaut, Fairfax’s China correspondent, reported yesterday that the Chinese government’s State Council, the equivalent of our Cabinet, had agreed to a target that would cap 2015 energy use at levels only marginally above where they are now. It would mean energy demand that has been growing at 6.6 per cent per annum over 2005 to 2010 would need to fall to 3.5 per cent.

{{content.question}}

Mastercard

{{ twilioFailed ? 'SMS Code Failed to Send…' : 'An SMS verification code has been sent ...' }}

Hi {{ user.FirstName }}

Looks like you have already taken a free trial

Please enter your payment details

We have sent you a code via SMS to {{user.DayPhone}}

please enter this code below to complete your SMS verification

We cannot send you a code via SMS to {{user.DayPhone}}

If you didn't receive SMS code please

SMS code cannot be sent due to: {{ twilioStatus }}

Please select one of the options below:

Looks you are already a member. Please enter your password to proceed

Please untick this box when using a public or shared device


Verify your mobile number to proceed...

Please check your mobile number below and press the Send Verification Code button. This will be used to complete your verification in the next step.

Please sign up for full access

Mastercard

Updating information

Please wait ...

Trial

Mastercard
{{ productPrice }} / day
( GST included )
Price $0
GST $0
Discount -{{productDiscount}}
TOTAL {{productPrice}}
  • Mastercard
  • Visa

Please click on the ACTIVATE button to finalise your membership

Mastercard

The email address you entered is registered with InvestSMART.

Please login or select "Don't know password"

Please untick this box when using a public or shared device


Register as a new member

(using a different email)

Related Articles