05/07/2012 - 30% of new construction in China will be energy efficient by 2020, says a document released by the Ministry of Finance and the Ministry of Housing and Urban-Rural Development.
China wants its building sector energy consumption ratio to be closer to that of developed countries and plans to provide incentives for green buildings, raise industry standards and foster development of related industries.
Vice Premier Li Keqiang says 75% of the country's buildings are not efficient and are in need of renovation and there are plans to invest about $800 billion in energy saving and environmental protection projects, noting that urbanization is the most pressing environmental need in China. He visited Europe recently asking for greater relaxation of policies on exporting high-end technology. read more>>>