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China’s 12th Five-Year Plan: Energy
April 2011
KPMG CHINA
China’s 12th Five-Year Plan (5YP) marks a turning point from the country’s previous
emphasis on headline growth. While the country’s GDP growth has benefited millions, it
has impacted the environment; the current plan’s emphasis on clean energy sources is
an important step to ensure sustainable growth for the nation.
Overview and significant developments
Three out of seven strategic
investment areas relate to energy:
Clean energy China’s National People’s Congress approved a new national development
Energy conservation strategy for the next five years (2011 to 2015) in March 2011.
Clean energy cars Clean energy, energy conservation, and clean energy cars are three key
investment areas (among seven special sectors) identified in China’s 12th
5YP. Clean energy outlook: hydro power is likely to see strong growth,
while the picture for nuclear energy is less clear after the nuclear crisis in
Japan. Expansion of other clean energy sources - wind, solar and biomass -
will also be part of China’s environmental efforts.
To further the goal of energy efficiency, China’s State Grid and Southern
Grid are en
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