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China to issue action plan on clean, efficient use of industrial coal soon

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2015-03-03 GMT+8:00

BEIJING, Mar. 2 (Xinhua) -- China will roll out an action plan on greener and more efficient use of industrial coal soon to cut coal consumption by more than 160 million tons (tonnes) by 2020, the National Business Daily reported on Monday.

China is targeting to cut coal use in the industrial sector by more than 80 million tonnes by 2017, reducing emissions of smoke dust, sulfur dioxide and nitrogen oxides by 500,000 tonnes, 600,000 tonnes and 400,000 tonnes, respectively, according to the action plan drafted by the Ministry of Industry and Information Technology (MIIT) and the Ministry of Finance (MOF).

By 2020, the action plan targets to cut coal consumption by more than 160 million tonnes and reduce emissions of smoke dust, sulfur dioxide and nitrogen oxides by 1 million tonnes, 1.2 million tonnes, and 800,000 tonnes, respectively, by then.

The country will offer diversified financial support to the clean and efficient use of industrial-use coal, the report cited a MIIT person as saying.

The country will also broaden financing channels and support specialized energy-saving companies to adopt models such as energy performance contracting, comprehensive environment service and financial leasing to offer technical and financial support to enterprises.

In addition, China will also encourage financial institutions to offer green credit polices to projects involved in the action plan and guide private capital to set up equity funds, industry funds and others to support those projects.   (Edited by Hu Pingchao, hupingchao@xinhua.org)

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