Potential 30-50 Percent Energy Savings for China

OFFICIAL news sources in China have revealed that the country has the potential to save 30 to 50 percent energy during the next 10 years.

The financial savings and environmental impact would be substantial and also help the country to stay within its target for energy intensity set for the next five year plan, which starts next year.

Xie Kechang, deputy president of Chinese Academy of Engineering, explained the potential savings in terms of coal use, with 30 to 50 percent representing savings of up to 1.33 billion tons of standard coal, calculating on the energy consumption standards of 2007.

Meanwhile China’s energy saving potential could be more challenging after Chinese official news media also reported Peng Sen, vice-chairman of the National Development and Reform Commission, stating that strategic emerging industries are scheduled to contribute around 8 percent of China's GDP by the year 2015 and 15 percent by 2020.

This year rapid economic growth pushed China beyond their current five year plan’s energy intensity target leading to enforced blackouts and permanent closures of older energy inefficient factories.

Wednesday 17th November 2010

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