China to Spend $27 Billion on Emission Cuts, Renewables

China to Spend $27 Billion on Emission Cuts, Renewables

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Factory in China -Wikipedia photo by High ContrastChina’s central government plans to spend $27 billion (170 billion yuan) this year to promote energy conservation, emission reductions and renewable energy, the Ministry of Finance said in a statement last week.

The ministry said China plans to promote more use of energy-saving products and low or no-emission power generation such as solar and wind.

China is the world’s biggest emitter of carbon dioxide (CO2).

(READ the story from Reuters)

Photo bof China factory by High Contrast – CC license, Wikimedia

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