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China’s spending on renewable energy may total 1.8 trillion yuan

Posted on 31 July 2013

China’s spending to develop renewable energy may total 1.8 trillion yuan ($294 billion) in the five years through 2015 as part of the nation’s efforts to counter climate change, according to a government official.
China may invest another 2.3 trillion yuan in key energy-saving and emission-reducing projects, Xie Zhenhua, vice chairman of the National Development and Reform Commission, said today at a conference in Beijing. China stands by its pledge to cut carbon emissions per unit of economic output by as much as 45 percent before 2020 from 2005 levels, he said………………………………………..Full Article: Source


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