China curbs CO2 emissions through industrial restructuring (2)

The Chinese government has also disseminated the Plan for Industrial Transformation and Upgrading (2011-2015) to promote green and low-carbon industrial development.

It has released specific development plans for the 12th Five-year Plan period (2011-2015) to boost industrial transformation and upgrading in a number of key industries, including iron and steel, non-ferrous metals, building materials, petrochemicals and chemicals, energy-saving and new-energy vehicles, industrial energy conservation, bulk solid waste and clean production.

In 2011, the government earmarked 13.5 billion yuan (2.16 billion U.S.dollars) in technological upgrade funds, which in turn generated investment totalling 279.1 billion yuan. Efforts to stimulate technological upgrading have become more targeted and effective and have yielded very positive results.

Furthermore, the government has issued the Development Plan for National Strategic Emerging Industries During the 12th Five-year Plan Period. It charts the road map for seven strategic emerging industries: energy conservation and environmental protection; new-generation information technology; biology; high-end equipment manufacturing; new energy; new materials; and new-energy vehicles.

Additionally, China has introduced a slew of measures to vigorously develop the service industry and speed up the elimination of outdated production capacity.

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