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Posted Sat Aug 20 2011: from Guardian:
China to cap energy use in national low-carbon plan
A cap on energy consumption is expected to be at the heart of a Chinese low-carbon plan to be issued this year, experts believe, amid reports that officials have now agreed its level. China is the world's biggest emitter of greenhouse gases, making up a quarter of the global total. Experts say setting an energy limit would add certainty to the country's attempts to rein in emissions and should make it easier for emissions trading schemes to get off the ground. The cap has been anticipated for some time but is now thought likely to emerge in the low-carbon plan understood to have been broadly approved by a panel set up by the state council, China's cabinet, and chaired by the premier, Wen Jiabao. It should be formally passed later this year. Reuters reported that officials have settled on a total energy cap of 4.1bn tonnes of coal equivalent (TCE) by 2015 - a level more than 25 percent higher than last year. Analysts warn that the plan has yet to be nailed down and that a cap could still be delayed by disagreements, to re-emerge in a later policy document.
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'Doc Michael says:
My cap is saying "Andale!"
Oddly, this is both smart policy and bad policy.

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