THE WHITE HOUSE
Office of the Press Secretary
FOR IMMEDIATE RELEASE
November 17, 2009
Today, President Barack Obama and President Hu Jintao announced the launch of a new U.S.-China Energy Efficiency Action Plan to strengthen the economy, improve energy security and combat climate change by reducing energy waste in both countries. The United States and China consume over 40 percent of global energy resources, costing businesses and households in the two countries roughly $1.5 trillion per year. Working together to improve energy efficiency in buildings, industry and consumer products, the United States and China can reduce spending on imported and highly polluting sources of energy and reinvest in new sources of economic growth and job creation.
The U.S.-China Energy Efficiency Action Plan will help achieve this through:
The U.S. and China are making unprecedented investments in energy efficiency. The American Recovery and Reinvestment Act includes more than $17 billion in energy efficiency investments, including $5 billion for home weatherization and $4.5 billion to green federal buildings. China has set a goal of reducing the energy-intensity of economic activity by 20% in five years and has established a “Top 1000 Enterprise” program to ensure that the country’s largest industrial enterprises help meet the national efficiency target.
Fact Sheet retrieved at: http://www.energy.gov/news2009/8292.htm
11/17/09
BP Statistical Review of World Energy
Carbon Dioxide Information Analysis Center (ORNL)
China Energy Databook (LBNL)
Climate Analysis Indicator Tool (CAIT)
Emissions Database for Global Atmospheric Research (EDGAR)
Energy Information Administration (EIA)
International Energy Agency (IEA)
The World Bank
UN Framework Convention on Climate Change (UNFCCC)
U.S. Environmental Protection Agency (EPA)