China plans to invest 2 trillion yuan (approximately $313 billion) to promote a greener, lower carbon economy throughout the next five years, according to a senior economic planning official.
The Chinese government will begin a variety of projects that will promote low-carbon development during the five year plan, expected to begin this year.
According to Xie Zhenhua, vice minister of the National Development and Reform Commission, part of the greener economy plan is to set up 100 bases for resource utilization demonstrations and launch a low-carbon pilot program in five provinces and eight cities.
Over the past few years, the Chinese government has put in place a variety of policies that promote low-carbon development.
It is estimated that around 1.7 billion more people will be living in developing Asian and African cities over the next three decades, so it’s going to be necessary to put in place greener policies as populations rise. It will be interesting to see the changes in China’s ecological reports over the coming years.