China’s State Council recently made public its green goals for the next five years. The most ambitious target is a reduction of almost 20% in greenhouse gas emissions. It also sets a cap of total coal consumption at five billion tons for smog-plagued cities, however, their goal is to reduce coal use by as early as 2017.
This also means a marked increase in alternative energy use, from hydropower to solar power. And for the auto-market, China will make sure that alternative energy cars become more dominant, and hit 5 million units in sales.