China yesterday established a multibillion dollar fund to invest the government's share of growing carbon reduction revenues in new green projects.
The fund is the first of its kind and reflects the fact that 60 per cent of the world's carbon reduction projects - including renewable energy and reforestation projects - are in China, where growing concerns over industrial pollution have caused the government to pledge to do more to clean up the environment. China is expected to overtake the US this year as the world's biggest carbon emitter.
See full Article
Posts
