China managed to cut its energy intensity — the energy used per unit of GDP — by 3.46 percent cut in January-September compared with a year ago. With power output falling by its biggest-ever margin last month and steel production tumbling, it is set to improve on last year’s 3.66 percent cut, officials say.
“China is likely to achieve its emission-cutting target this year,” said Yang Fuqiang, vice president of the Energy Foundation, a U.S. consultancy. “An economic slowdown is actually good for combating climate change.”
Last month, power consumption was down a tenth on November 2007, the biggest decline on record.