China will increase renewable energy for 2013

China announced it will increase its use of renewable energy in 2013 after some of the country's highest air pollution levels were recorded in Beijing. The country is aiming to reduce their carbon emissions and energy use per unit of gross domestic product by at least 3.7 percent this year, Bloomberg reported.

In 2012, the country added 15 gigawatts of wind energy capacity and approximately 3 GW of solar energy China's National Development and Reform Commission (NRDC) told Bloomberg. It plans to add 18 GW of wind and 10 GW of solar energy this year, the article reported.

"We will make greater efforts to conserve energy and resources and protect the environment," the NDRC said. "We will continue to reduce the discharge of major pollutants."

China's announcement to increase their renewable energy serves as evidence that Premier Li Keqiang is attempting to handle the country's smog issue and increase China's energy supply when his administration takes over from Wen Jiabao in March, the report said.

According to Bloomberg, China is also considering oil-product pricing reforms, which would let oil companies set fuel prices according to guideline rates issued by the government.

Learn more about China's solar power market outlook by visiting PennEnergy's research area.

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