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China must spend $330 billion more to do fair share on climate - report

2014-01-22 13:11:00| Climate Ark Climate Change & Global Warming Newsfeed

Reuters: China must increase spending on emission cuts and clean technologies by 2 trillion yuan ($330 billion) to do its fair share to halt climate change, a report by Beijing's Central University of Finance and Economics said. It urged the government to raise money from carbon markets to fund investments. The report's conclusion contrasted with China's official policy that the main responsibility for ramping up action against climate change rests with developed nations. China, the world's biggest-emitting...

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