China Releases 12th Five-Year Plan for Energy Saving and Emission Reduction

By Dezan Shira & Associates

Posted: 6th September 2012 09:11

China’s State Council released the “Circular of the State Council on the Printing and Distribution of the 12th Five-Year Plan for Energy Saving and Emission Reduction (guofa [2012] No.40, hereinafter referred to as ‘Circular’)” on August 8, 2012, aiming to transform the mode of economic development, establish an energy-saving and environmentally-friendly society, and strengthen the capacity of sustainable development.

The Circular lays out the current situation of energy-saving and emission reduction in China and sets out the key development objectives for the 12th Five-Year Plan period; moreover, it puts forward the main tasks and key development projects for the period.
 
The current situation

During the 11th Five-Year Plan period, energy-saving and emission reduction made significant progress, specifically:
Key developments by 2015
Main tasks during the 12th Five-Year Period

As provided by the Circular, there are three main tasks for the 12th Five-Year plan period, which are:

Adjusting and optimizing the industry structure Improving the level of energy efficiency
Strengthening the emission reduction of major pollutants
Key energy-saving and emission reduction projects

The Circular specially emphasizes the development of the following 10 projects during the 12th Five-Year plan period:

Dezan Shira & Associates is a specialist foreign direct investment practice, providing corporate establishment, business advisory, tax advisory and compliance, accounting, payroll, due diligence and financial review services to multinationals investing in emerging Asia. Since its establishment in 1992, the firm has grown into one of Asia’s most versatile full-service consultancies with operational offices across China, Hong Kong, India, Singapore and Vietnam as well as liaison offices in Italy and the United States.
 
For further details or to contact the firm, please email info@dezshira.com or visit www.dezshira.com

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