Guangzhou China March 11, 2011 -The Chinese central government proposed to continue intensifying the demand for "energy-saving and emission-reduction" in the Twelfth Five-Year (2011-2015) Plan on January 19, 2011,. This act is expected to help create great commercial opportunity for the domestic bio-energy industry in 2011-2015.
The demand for "energy-saving and emission-reduction" can help lead more investments into the bio-energy industry, because the development of bio-energy industry is beneficial to "energy-saving and emission-reduction" in turn, typical cases of which are electricity generation from agricultural or forest residues instead of coal as feedstock and fuel-ethanol partially replacing gasoline.
Besides the bio-energy industry, "energy-saving and emission-reduction" also promotes the development of many other related industries. According to the report published on January 27, 2011, namely “2010 Development report of Chinese energy-saving and emission-reduction industries”, the industries concerning "energy-saving and emission-reduction" can be seen as a new economic growth point in 2011-2015. The statistics from China Environment Service Industry Association showed that the growth rate of output value from these industries reached above 15% in 2010 over 2006, and it was estimated to reach 20% in 2015 over 2011. Based on the 20% growth rate, the output value from these industries could be almost USD796 billion, taking up 10% of GDP by 2015.
Source: CCM International