|NEW ENERGY: A worker inspects equipment at a coal-based energy zero-emission technology system lab affiliated to ENN Group in Langfang, Hebei Province. Established in 1989, the group offers total solutions for clean energy (YANG SHIYAO)|
A 2.4-trillion-yuan market
Laiyang's industrial surplus heat reutilization project is only one part of China's energy conservation and emission reduction program. In the 12th Five-Year Plan on Energy Saving and Emission Reduction, the Chinese Government has proposed 10 key projects, including energy-saving transformation of boilers, electric engineering systems, buildings, transportation and green illumination, construction of urban domestic sewage works, prevention and treatment of water pollution in key river basins, desulfurization and denitrification transformation of emissions from power, iron and steel, building materials and auto industries, and prevention and treatment of pollution from livestock breeding, as well as projects that support circular economy development.
The plan says the government will promote the use of high-efficiency and energy-saving home appliances, automobiles, electromotors and illumination products via subsidy grants. During the 12th Five-Year Plan period, 300 million tons of coal equivalent of energy will be saved, while emissions of 4.2 million tons of chemical oxygen demand, 2.77 million tons of sulfur dioxide, 400,000 million tons of ammoniacal nitrogen and 3.58 million tons of nitrogen oxides will be reduced.
According to an estimate by the NDRC, during the five years, the investment in energy conservation and emission reduction projects will total 2.4 trillion yuan ($378.55 billion), of which the investment in key energy conservation projects is 1 trillion yuan ($157.73 billion), that in key pollution and emission reduction projects is 800 billion yuan ($126.18 billion) and that in key circular economy projects is 600 billion yuan ($94.64 billion).
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