CHINA BUILDINGS BURN ENERGY
The president of the China Real Estate Association says Chinese developers are "still building new energy guzzlers."
Urbanization is hitting China in a big way. Half of the world’s new buildings are built in China. 16% to 18% of China’s energy is consumed by construction and building materials as an emerging middle class wants bigger, more modern, more energy-consuming homes.
400 million Chinese will have moved from rural to city residence by 2020. China will spend 1.5 trillion+ yuan ($207 billion+) in renovations to old buildings. 99% now fail energy-saving standards.
China still building “energy guzzling” buildings
January 14, 2008 (Reuters)
WHO
Chinese environmental agencies and China's building and energy industries.

WHAT
Only 53% of new Chinese buildings meet national energy conversation standards.
WHEN
Chinese official policy calls for new buildings to be 50% more efficient by 2010.
WHERE
Findings were reported in a construction ministry survey.

WHY
- The construction ministry reported that Chinese developers have abandoned stated ideals about efficiency standards in favor of cost-cutting.
- Industrial pollution and increasing auto ownership are the usual suspects blamed for Chinese energy consumption but a booming construction industry must also be considered.

QUOTES
Song Chunhua, president, China Real Estate Association: "The findings are alarming. More comprehensive measures are needed to achieve the national goal…"
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