China BioFuel Plans ...
China plans investment in biofuels to offset the high costs of energy and to fuel its growth. China's National Development and Reform Commission (NDRC) sets the tone for renewable energy. ...
... "By 2020, China's production capacity of bio-liquid fuel such as fuel ethanol and bio-diesel will reach 12 million tons, which could substitute some 10 million tons of
refined oil products, said Han. " ...
The National Development and Reform Commission (NDRC) is a macroeconomic management agency under the State Council, which studies and formulates policies for economic and social development, maintains a balance of economic aggregates and guides the overall economic system restructuring.
Via NRDC: BEIJING DECLARATION ON RENEWABLE ENERGY FOR SUSTAINABLE DEVELOPMENT: By developing local sources of energy such as hydro, wind, solar, geothermal and modern biomass including liquid biofuels, countries can create diversified energy portfolios that are less vulnerable to wide price fluctuations. There is considerable scope, for example, for deploying biofuels in support of rural development and the transport sector.