* Good news for the world – China aims to cut industrial energy consumption.

China Daily: “China aims to cut its energy consumption per unit of industrial value-added output by21 percent during the 12th Five-Year Plan period (2011-2015), the Ministry of Industry andInformation Technology said Monday.

China is expected to save the equivalent of 670 million tons of coal during the five years,according to the country’s industrial energy conservation plan for the 2011-2015 period postedon the ministry’s website.

The plan also sets detailed targets for cuts by several energy-intensive sectors. The steel,nonferrous, petrochemical and electronics industries are required to reduce their energy useper unit of value-added output by 18 percent from 2010.

The chemical engineering, building materials and textile sectors must cut their energyconsumption per unit of output by 20 percent, while the machinery industry should target a 22-percent fall in energy use per unit of output, according to the plan.

The government has adopted a slew of measures to promote energy savings and emissionreductions and to ease its increasing thirst for energy, including phasing out polluting industriesand building energy-saving buildings.”

http://www.chinadaily.com.cn/china/2012-02/27/content_14704395.htm

As I commented elsewhere, China seems to have decided that the Year of the Dragon (c2012) is the year it will crackdown on corruption, migrants’ and individual rights, pollution and other environmental issues.

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