China to issue new policies to curb energy consumption

The Chinese government will issue a slew of new polices to curb energy consumption and promote conservation, Xinhua News Agency reported, citing vice-finance minister Liao Xiaojun.

‘The pricing of energy products has long been too low, which fails to reflect the scarcity of the resources and tends to foster using them with low costs,’ Liao was quoted as saying.
He said the entire mining industry, rather than some miners as is currently the case, need to pay for exploring and developing resources in future.

The government will also introduce fuel tax as soon as possible and make tax breaks conditional on use of energy-saving equipment, Liao said.

Forbes