Bloomberg the Company & Products

Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us

China to Cap Electricity Growth at 8 Percent Through 2015

Jan. 24 (Bloomberg) -- China, the world’s largest emitter of carbon dioxide, is seeking to cap the growth of electricity consumption at 8 percent a year from 2010 to 2015, and will limit the installation of new coal-fired power plants while boosting the share that comes from wind, solar and nuclear.

In an outline of energy-development goals under the country’s 12th five-year plan, China plans to reduce energy consumption by 16 percent annually and carbon emissions by 17 percent, as measured per unit of gross domestic product, from 2010 to 2015, according to a statement today on the website of China’s State Council, China’s cabinet.

The plan, which anticipates a near doubling of consumer power consumption per capita, calls for China to get 11.4 percent of its electricity from non-fossil sources by 2015, up from 8.6 percent in 2010, while reducing coal’s share of generating capacity from 68 percent in 2010 to less than 65 percent.

China had a total of 39 gigawatts of renewable-energy capacity in 2012, according to Bloomberg New Energy Finance.

Under the plan, power generated by solar plants will increase by 89.5 percent a year over the same period, wind capacity will increase 26.4 percent, nuclear power by 29.9 percent, natural gas by 16.2 percent and coal by 7.8 percent.

To contact the reporter on this story: Ehren Goossens in New York at egoossens1@bloomberg.net

To contact the editor responsible for this story: Reed Landberg at landberg@bloomberg.net

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.