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New measures for China’s energy efficiency drive

China, the world’s largest energy consumer, wants to cut its fuel import bill and reduce its carbon footprint – and sees new efficiency measures as the way to do it

Fu Chengyu, chairman of state-run firm Sinopec, said that the company has already saved 11 million tonnes of oil equivalent (toe) since 2005 by using energy more efficiently. But the 2.43 billion toe China consumed last year could have been cut by two thirds with more careful use.  "If we fail to curb energy demand increases our survival is at risk,” Chengyu said in London this week. “Implementing a sustainable energy strategy is a core interest to China and will make a huge impact on the world energy industry. China's energy intensity is among the highest of the world so there is huge potential for conservation.”  Last month the government released a new energy whitepaper that made energy

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