China to invest over $313 bn in green economy
September 25th, 2011 - 5:39 pm ICT by IANSBeijing, Sep 25 (IANS) China will invest two trillion yuan ($313 billion) till 2015 to promote low-carbon economy, a media report said Sunday.
The investment will help reduce energy consumption per unit of gross domestic product in China by 16 percent at the end of 2015 compared with the level of 2010, the China Daily said, quoting Xie Zhenhua, vice chairman of the National Development and Reform Commission.
During the five years to 2010, energy consumption per unit of GDP dropped by 19.1 percent, reported Xinhua.
Xie said China will launch low-carbon pilot programmes in five provinces and eight cities during the next five years.
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- China's foreign trade to top $4.8 trillion in 2015 - Jan 04, 2012
- China says pledge on emission cuts not subject to international scrutiny - Dec 07, 2009
- 'ICT can reduce 10 percent of greenhouse gas emissions' - Dec 14, 2010
- China to cut 40 percent emission by 2015 - Feb 01, 2012
- Chinese banks lend $27 bn for low-cost housing - Jan 31, 2012
- China wants to improve tax-cut policies - Dec 26, 2011
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Tags: beijing, bn, carbon economy, china daily, energy consumption, gdp, gross domestic product, next five years, pilot, trillion, vice chairman, xinhua, yuan