China's government has unveiled an action plan to bring a decline in the air pollution level of the nation. China has been aiming to bring a decline in the coal consumption by more than 65% by 2017.
Main aim is to increase the clean energy usage. They have even come up with a plan that has been published on the official website of the central government.
The plan seems to be taking some harsh steps that were much needed. As per the plan, it has been unveiled that there were new projects that were scheduled to be constructed in the Beijing-Tianjin-Hebei region and also in the Yangtze Delta and the Pearl River Delta regions.
But the projects will be banned to set up coal-fired power plants. Some of the other ideas that have found place in the plan are to raise the share of non-fossil fuel energy to 13%. Not only this, it has also been found that a 20% reduction in energy consumption per unit of industrial value is going to take place.
It shall be noted that all these changes are expected to take place by 2017. "The order to halt construction and stop all production work for unapproved projects are very a tough move", said Liao Zhenyuan, an analyst working at Minmetals Futures.
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