China’s State Council released August 21 a plan for energy saving and reducing emissions covering the rest of the 12th Five Year Plan (2011-2015) period and has projected that the country will spend $372 billion on investments to achieve energy conservation and emissions reduction goals by the end of the period. The country aims to reduce energy intensity by 16 percent by 2015 compared to 2010 levels, saving 670 MMT of standard coal-equivalent.