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China's Spending on Renewable Energy May Total $294 Billion

2013-07-30 06:00:00| Climate Ark Climate Change & Global Warming Newsfeed

Bloomberg: Chinas spending to develop renewable energy may total 1.8 trillion yuan ($294 billion) in the five years through 2015 as part of the nations 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...

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