In order to pursue sustained economic development, the National Development and Reform Commission (NDRC) of China announced a 2 trillion yuan (US$265 billion) energy plan which targets an increase in the use of renewable energy from 7.5% of the total energy consumption in 2005, to 15% by 2020. The plan focuses on the development of biomass energy (biogas, biodiesel, bioethanol) as well as on the development of solar and  wind energy, and hydropower. By 2020, China plans to replace its 10 million-ton-per-year oil consumption with 10 million tons per year of bioethanol and 2 million tons per year of biodiesel..