China to remove outdated industry
CHINA: China is planning "rare" and "heavy-handed" steps to
phase out outdated industry, state media said Wednesday, days after
Beijing pledged to slow the growth in its fast-rising carbon emissions.
The government is to launch a "rare nationwide campaign" to eliminate
inefficient and excess industrial capacity, the Shanghai Securities News
reported.
It will include austerity measures that will be imposed on heavily
polluting sectors including coal, steel, cement, printing, and dyeing,
it added.
The move came after China the world's top source of greenhouse gases
last week unveiled the emissions-curbing proposal it will take to next
week's UN climate change summit in Copenhagen.
However, it also appears to be part of a drive launched this year by
authorities to rein in excess capacity amid fears that a government
economic stimulus package has fuelled over-investment in some industrial
sectors.
Key measures listed by the Shanghai Securities News include halting
the supply of land needed for the expansion of outdated capacity and
equipment, curbing demand for high-emission products, and strictly
limiting exports.
Faithfulness in carrying out the campaign will be a key factor in
assessing the overall work performance of local-level officials, it
added.
Individual companies that fail to comply will face penalties such as
denial or revocation of required licenses and a cut-off of electricity
supplies, it said.
Authorities including the National Development and Reform Commission
the top economic planning agency the Ministry of Environment Protection
and the central bank will jointly implement the policy, the report said.
China said last week that by 2020 it planned to cut the amount of
carbon dioxide it emits per unit of gross domestic product (GDP) by 40
to 45 percent compared to 2005 levels essentially a pledge of greater
energy efficiency. BEIJING, Wednesday, AFP
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