China caps 2015 coal production and use

China caps 2015 coal production and use

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China will cap coal domestic production and consumption at 3.9 billion tons by 2015 in a bid to reduce pollution and curb coal consumption, according to a five-year industry plan released on Thursday, Bloomberg reported. China produced about 3.8 billion tons in 2011, said Helen Lau, a Hong-Kong-based analyst at UOB-Kay Hian Ltd. David Fang, director of the China Coal Transport and Distribution Association, said that coal demand and output growth would definitely slow because of environmental concerns, but that the new targets would be difficult to meet. If China's economy continues to grow at 7% from 2011 to 2015, its annual coal demand will expand by at least the same rate in that period, Fang said. The government is targeting a reduction in carbon emissions of as much as 17% per unit of GDP by 2015.