China will accelerate the use of new-energy sources such as nuclear energy and put an end to blind expansion in industries such as solar energy and wind power in 2012, Chinese Premier Wen Jiabao says in a government report published on March 5.
China will instead develop nuclear power in 2012, actively develop hydroelectric power, tackle key problems more quickly in the exploration and development of shale gas, and increase the share of new energy and renewable energy in total energy consumption.
The guidance indicates a new trend for new-energy and renewable energy development in China from 2012. Analysts believe that the development of the solar and wind power industries will stabilize while hydropower will have the top priority in renewable energy development in China.
-- Hydropower to contribute two-thirds of renewable energy
According to China's development plan for 2011-2015, China aims to increase the share of renewable energy consumption to 11.4 per cent of total energy consumption in China by the end of 2015.
Please read more from source:
