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China invests heavily in clean energy - But is it too little, too late?

Posted on 31 May 2012

How much will it cost to turn back the clock on China’s ecological destruction? After years of promoting fast-paced, state-led economic growth, which has disproportionately benefited the country’s massive steel, coal, and oil companies, the government is now moving to spend more on cutting emissions and supporting renewable energy.
China’s Ministry of Finance said last week that the central government will spend 170 billion yuan, or almost $27 billion, this year on improving energy efficiency and building renewable-energy infrastructure………………………………………..Full Article: Source


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