China has announced stricter energy consumption targets compared with 2011 for industries such as steel and textile manufacturing in a effort to reduce excess capacity and carbon emissions, The Wall Street Journal reported. China is the world’s largest emitter of greenhouse gasses, and analysts estimate it will miss targets set for 2011. Industries with high energy consumption must reduce their energy intensity by 20% from 2010 levels by 2015, up from the 16% target set last year. Industries highlighted by the Ministry of Industry and Information Technology include petrochemical producers, chemicals, machinery and textiles. Beijing aimed to reduce energy intensity by 3.5% in 2011, but that metric fell only 1.6% in the first three quarters of the year. The new targets will be costly for companies, but the government will likely provide support. “Particularly when it comes to state-owned companies, which are the main targets of these rules, the government will usually provide some ways to help them implement the requirements, such as credit lines to help these companies develop energy-efficient capacity,” said Jim Lin of CRU Group consultancy.