Although in recent years, China has done a lot of work, but by 2014 targets of emission reduction, energy consumption in the country is still facing challenges.

Last week, China's first medium-and long-term planning of the national climate change plan to address climate change (2014-2020) (hereinafter referred to as the plan) introduced. Xie Zhenhua, Deputy Director of the national development and Reform Commission said at a news conference, despite the difficulties, the Chinese "Twelve-Five" energy saving and emission reduction goals will come true.

But how to balance the relationship between climate change and economic development, including Xie Zhenhua, people in the industry have different views. In his view, climate change and economic development are not contradictory.

But for companies, it may mean that the excessive emphasis on environmental objectives will impact earnings in the short term.

Means strong administrative control

At the time of interpretation of the plan, said Xie Zhenhua, carbon intensity by up to 2013, China has dropped by 28.56%, the equivalent of 2.5 billion tons of carbon dioxide emissions reduction. The proportion of non-fossil fuel energy in 2013, has reached 9.8%, finished ahead of 1.3 billion cubic meters of forest volume has been task, reaching 2 billion cubic meters.

China's efforts are obvious. According to World Bank of data, 1990 ~2010 years, China through energy improve energy efficiency, cumulative energy volume accounted for global 58%, can renewable energy accounted for once energy share only 9.8%, from 2005 to 2013, hydropower capacity turned has a, wind electric improve has 60 times times, PV power installed improve has 280 times times, whole China of can renewable energy of capacity accounted for has global of 24%, in 2013 incremental among accounted for has 37%.

Xie Zhenhua said, to realize China's carbon intensity have been identified, namely in 2005 on the basis of by 2020 reduce 40%~45%, proportion of non-fossil fuel energy to reach 15%, did have considerable difficulties.

Xie Zhenhua said the unit GDP carbon intensity refers to emissions of carbon dioxide.

From the current situation, China's targets of emission reduction, energy consumption this year is not satisfactory. According to Xie, in 2014, China's economic growth is 7.4%, according to the original plan calls for carbon dioxide emissions should be 4%, but the first half of this year has reached 5%. Energy consumption per unit GDP, plan 3.9%, has reached 4.2% in the first half.

But with angry with the energy-saving emission reduction and environmental protection industry development opportunities. Energy Research Institute, national development and Reform Commission Jiang kejun, a researcher told the FT, the country's energy saving and emission reduction plans conducive to the development of China's environmental protection industry. He said environmental protection equipment, environmental protection and industry-related industries, low-polluting industries, as well as the high-end service industry, high finance, might become the country's future economic development.

According to the official version, energy saving and environmental protection industries in China is expected by 2015 "Twelve-Five" at the end of the, turnover could reach 4.5 trillion and employed population 32 million to 33 million people may have to absorb.

But in the short term, some proportion of coal output, industry big province, such as higher dependence on coal, Shanxi, Inner Mongolia and other places likely to be affected, scientific researcher at the Institute of science and technology policy and management, Chinese Academy of Sciences Wang Zheng said.

Yunnan province, a local government official told the newspaper, "said if the Government requires companies to use more advanced equipment to reduce carbon emissions, which would increase the cost of production. ”

Macroeconomic downturn has led some districts may relax the requirements of energy saving and emission reduction. In August, according to a new report released by the NDRC's policy research office, under the influence of downward pressures on the economy, the national energy consumption growth is picking up in some high energy-consuming industries, which could adversely affect annual energy saving and emission reduction goals.

Currently, the State has adopted administrative measures to achieve the goal of energy conservation and emission reduction.

6 trillion of "cake"

To fulfill our promise to the world and to deal with its worst smog, China has made the test: carbon emissions trading pilot in some cities.

Carbon emissions trading is to promote global greenhouse gas emissions and reduce global carbon dioxide emissions by using market mechanisms. In accordance with the market mechanism, those big carbon emissions in case of self discharge, you can purchase additional corporate savings through energy conservation and emission reduction targets.

Gradually started in carbon trading, power generation, iron and steel, petrochemicals, non-ferrous metal smelting industry will no doubt face greater pressure of energy conservation and emission reduction. China's energy consumption structure is still dominated by thermal power and coal consumption in thermal power plants account for more than half the country's coal consumption, and emissions of carbon dioxide 40% per cent of total national emissions.

In General, per 1 ton of coal combustion producing 4.12 tonnes of carbon dioxide, and 30% and 70% more than per ton of oil and gas. This means that discharge of thermal power enterprises also need to buy credits, costs will also increase.

But it is also a unique opportunity. "Future industrial development in China must be fine and low emissions. During the transition, it will produce more environmental protection industry, the environmental protection industry will also like the current traditional industries to promote domestic economic development. "Above a large central enterprises of mining industry executives told this newspaper said that while carbon trading would increase the burden on enterprises in a certain extent, is also a rare opportunity for the enterprise.

Of one of China's five major power groups who also share the power within the group. He told this newspaper that the Group has undertaken a number of CDM (clean development mechanism) projects, once went well, through carbon trading by the group, sold to other needy save energy saving and emission reduction targets companies that benefit from it.

Xie over carbon trading Shenzhen pilot operation launch ceremony said, based on the officially set 2020 carbon intensity is greatly reduced and other energy-saving emission reduction targets, by 2015, in the areas of low-carbon, energy-efficient, there will be 6 trillion yuan in China's huge market.

However, emissions trading is still a new thing in China and related policies also need to be improved. "Still finding them. "Hainan official told the ft of a large industrial group, domestic carbon trading market is still in a pilot phase, to establish a real carbon-trading market and the formation of a national scale also needs some way to go, greenhouse gas emissions, emission quota allocation and price formation mechanisms, there are many problems.

He told analysis, carbon trading market in the future will have a much larger deal size, this will depend on the design of the system, system operation is smooth, reasonably price scarcity, carbon trading permits, agencies involved in complex trading activity, and many other factors.

But he believes that, in a few years, carbon emissions trading market in the vast land of China from the "spark" to "boom".