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China Issues Energy Plan

Written by Neal Martin

China’s State Council issued a plan for energy savings and emissions reduction for the reminder of the period covered in the 12th Five Year Plan which runs from 2011 through 2015 on August 21. According to the plan, China intends to spend approximately $372 billion on energy conservation and emissions reduction, with the goal of reducing energy intensity per unit of gross domestic product by 16% by 2015. The Chinese government has budgeted $244 billion for energy savings projects and enhancement of energy savings capabilities, and $128 billion for emissions reduction.

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Author

Thomas R. Burton, III

Member / Chair, Energy & Sustainability Practice

Tom Burton has helped to shape the clean energy industry by drawing on his passion for innovation. As a Mintz attorney, Tom counsels investors, entrepreneurs, and Fortune 100 companies. He also guides start-up organizations and accelerators to foster the next generation of energy leaders.