To ensure a healthy development of the economy, on January 23, 2013, the State Council of the People’s Republic of China announced the long-awaited Energy Development 12th Five Year Plan, one of the 18 national-level key sector-specific plans for the “12th Five Year” period (i.e., 2011 to 2015).
The plan identifies nine major tasks on which to focus in the “12th Five Year” period:
(1) accelerate the exploitation and development of oil and natural gas, efficiently and safely promote the development of coal and nuclear power, actively develop hydro power, and accelerate the development of renewable energy;
(2) promote clean energy development;
(3) promote the change of energy supply, strongly develop distributed energy, enhance the construction of smart grids, and strengthen the construction of energy supply facilities for new-energy cars;
(4) accelerate the construction of energy storage and transportation facilities, and strengthen the energy reserve capacity and the emergency response capability;
(5) undertake public projects and strengthen the energy-related services in rural areas;
(6) control the energy consumption, promote the energy savings, and raise the energy utilization efficiency;
(7) accelerate the construction of a modern energy market system, promote the institutional reforms in electricity, coal, oil, natural gas, renewable energy, and distributed energy areas, and improve the energy pricing mechanism;
(8) strengthen the technological innovation, enhance the domestic supply of energy equipment, and carry out major technological projects; and
(9) deepen international cooperation, actively participate in the development of overseas energy resources, and expand foreign trade and technological cooperation.