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Hubei’s energy consumption per unit of GDP?drops nearly 30 pct in past decade

Hubei’s energy consumption and carbon emissions per unit of gross domestic product (GDP) fell by nearly 30 percent and 40 percent, respectively, since the 18th National Congress of the Communist Party of China held in 2012, official data released on June 13, 2022.
 
In the past decade, Hubei’s GDP grew by 7.6 percent annually on average, which was backed by an average annual energy consumption rate of 3 percent. A total of more than 80 million tons of standard coal have been saved and 150 million tons of carbon dioxide emissions have been reduced.
 
Hubei’s industrial structure has continued to upgrade during the ten years, seeing the proportion of added value of high-tech industries in the province's GDP increase by 6 percentage points.
 
As energy structure continuously optimized, the installed new energy power generation capacity in Hubei reached 17.952 million kilowatts in 2021, an increase of 28.6 times over the end of 2012, reaching 20.4 percent of the province's total installed power generation capacity.
 
As of March 31, 2022, a total of 366 million tons of carbon market quotas were traded in Hubei, with a turnover of 8.700 billion yuan.
 
Besides, the province has newly added 603 million square meters of energy-saving buildings, with energy-saving capacity increasing by an equivalent of 7.6413 million tons of standard coal.

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