Jambon Boats has recently landed a deal in Shanghai, which will be huge for the company. Below is a description of China’s energy consumption, as provided by the US Energy Information Administration:
“Coal supplied the vast majority (69%) of China's total energy consumption in 2011. Oil was the second-largest source, accounting for 18% of the country's total energy consumption. While China has made an effort to diversify its energy supplies, hydroelectric sources (6%), natural gas (4%), nuclear power (nearly 1%), and other renewables (1%) accounted for relatively small shares of China's energy consumption. The Chinese government plans to cap coal use to below 65% of total primary energy consumption by 2017 in an effort to reduce heavy air pollution that has afflicted certain areas of the country in recent years. The Chinese government set a target in its 12th Five-Year Plan to raise non-fossil fuel energy consumption to 15% of the energy mix by 2020 in efforts to ease the country's dependence on coal. EIA projects coal's share of the total energy mix to fall to 63% by 2020 and 55% by 2040 as a result of projected higher energy efficiencies and China's goal to increase its environmental sustainability. However, absolute coal consumption is expected to increase by over 50% during this forecast period, reflecting the large growth in total energy consumption.
As a result of high coal consumption, China is also the world's leading energy-related CO2emitter, releasing 8,715 million metric tons of CO2 in 2011. China's government plans to reduce carbon intensity (carbon emissions per unit of GDP) by 17% between 2010 and 2015 and energy intensity (energy use per unit of GDP) by 16% during the same period, according to the country's 12th Five-Year Plan. China also intends to reduce its overall CO2emissions by at least 40% between 2005 and 2020.”
“Coal supplied the vast majority (69%) of China's total energy consumption in 2011. Oil was the second-largest source, accounting for 18% of the country's total energy consumption. While China has made an effort to diversify its energy supplies, hydroelectric sources (6%), natural gas (4%), nuclear power (nearly 1%), and other renewables (1%) accounted for relatively small shares of China's energy consumption. The Chinese government plans to cap coal use to below 65% of total primary energy consumption by 2017 in an effort to reduce heavy air pollution that has afflicted certain areas of the country in recent years. The Chinese government set a target in its 12th Five-Year Plan to raise non-fossil fuel energy consumption to 15% of the energy mix by 2020 in efforts to ease the country's dependence on coal. EIA projects coal's share of the total energy mix to fall to 63% by 2020 and 55% by 2040 as a result of projected higher energy efficiencies and China's goal to increase its environmental sustainability. However, absolute coal consumption is expected to increase by over 50% during this forecast period, reflecting the large growth in total energy consumption.
As a result of high coal consumption, China is also the world's leading energy-related CO2emitter, releasing 8,715 million metric tons of CO2 in 2011. China's government plans to reduce carbon intensity (carbon emissions per unit of GDP) by 17% between 2010 and 2015 and energy intensity (energy use per unit of GDP) by 16% during the same period, according to the country's 12th Five-Year Plan. China also intends to reduce its overall CO2emissions by at least 40% between 2005 and 2020.”