The S&F law blog

Billion Dollar Aid for Clean Energy Investment
May 10, 2011, 11:40 am
Filed under: Uncategorized

China, the world’s second-largest economy, announced a plan in which hundreds of billions of dollars in aid would support clean energy development. The ultimate goal is to create a situation where China draws 15% of its energy from natural source by 2020s. Currently, China relies on carbon-belching to meet the bulk of its energy needs.

Li Junfeng, deputy director of the energy research arm of the National Development and Reform Commission, stated that China will soon release more specific details in their five-year plan along with a batch of policy regulations favorable to green energy.

Nuclear energy awareness, heightened by the disasters in Japan following the tsunami, was also addressed. Beijing has temporarily suspended approval of new and proposed nuclear project; still, Chinese officials maintain that they will continue to develop the technology.

Source: Teheran Times


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