Reuters: Chinese developers are opting against constructing environment-friendly real estate because costs far outweigh the incentives, jeopardizing the government's goal of building 1 billion square meters of green space by the end of next year.
Developers get subsidies of up to 80 yuan ($13) per green square meter, topped up by local authorities. But it costs up to 300 yuan/sqm to plant trees, install renewable energy sources, recycle rain water and implement other steps to earn a maximum of three stars...