CHINA ENERGY-SAVING TO TRIM COAL NEEDS BY 300 MILLION TONNES

BEIJING - China plans to invest RMB2.37 trillion in major energy-saving projects during the 12th Five-Year Plan period (2011-2015), according to a document released by the State Council. The projects are expected to save an equivalent of 300 million tonnes of coal through to 2015. In a previously unveiled blueprint for energy-saving programmes, Chinese authorities have established a goal of cutting energy consumption per RMB10,000 of GDP by 16% by 2015 compared with 2010, saving 670 million metric tonnes of coal equivalent.