CLIMATE, POWER AND COAL<\/div>\n
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\n- China will aim to cut carbon intensity, or how much carbon is released in economic activity, by 17%, slightly below the 18% target set the previous year. Actual carbon \u200bintensity only fell 12% over the last five years. By focusing only on carbon intensity, emissions can still increase \u200bas growth does.<\/li>\n<\/ul>\n
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\n- China will push for coal consumption to peak in the next five years but omitted previous language about phasing \u200cdown \u2060coal \u2014 leaving open the possibility that coal consumption may merely plateau rather than decline.<\/li>\n
- It did, however, set a target of 25% of all energy consumed to be generated by non-fossil energy by 2030.<\/li>\n<\/ul>\n
OIL AND GAS<\/p>\n
\n- China will prioritise steady domestic oil output at 200 million tons annually but keep growing gas production and its strategic oil stockpiles.<\/li>\n
- China also said \u200bit would advance “early work” on \u200bthe Power of Siberia \u20602 gas pipeline, which Moscow has presented as all but agreed, but has been long-delayed by disagreements over price.<\/li>\n
- It would also continue to expand the dirty coal-to-liquids sector, where coal \u200bis turned into oil, gas and petrochemicals.<\/li>\n<\/ul>\n
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AGRICULTURE<\/p>\n<\/div>\n
\n- China aims to raise annual grain production \u200btarget to 725 \u2060million metric tons by 2030 and said it would lean on new technology and higher yields to reach it as new farmland gets scarce.<\/li>\n<\/ul>\n
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\n- It again emphasised the push for secure overseas supplies for the vast quantity of foodstuffs it still \u2060imports.<\/li>\n
- China said \u200bit would regulate overcapacity in the hog industry and support the \u200bdairy and beef sectors, both of which have recently been put behind tariff walls.<\/li>\n<\/ul>\n
Source: Reuters<\/strong><\/a><\/p>\n<\/div>\n<\/div>\n