China Targets Modest Reduction in Energy Intensity for 2024
- Aims for 2.5% reduction in energy consumption per unit of GDP
- Country has fallen behind key climate measures in 5-year plan
China is aiming to reduce energy consumption per unit of gross domestic product by 2.5% in 2024.
Source: Bloomberg
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China set a slightly more ambitious target for reducing the energy needed for economic growth this year.
The country is aiming to reduce energy consumption per unit of gross domestic product by 2.5% in 2024, according to a copy of the National Development and Reform Commission work report seen by Bloomberg News. Beijing missed its 2% target last year after energy consumption growth outpaced GDP expansion for the first time in two decades.