China to spend $27 billion on emission cuts, renewablespublished Thu, May 24 2012 10:30 GMT
BEIJING (Reuters) - China's central government plans to spend 170 billion yuan ($27 billion) this year to promote energy conservation, emission reductions and renewable energy, the Ministry of Finance said in a statement on its website on Thursday. The ministry said China plans to promote more use of energy-saving products and low or no-emission power generation such as solar and wind. It also wants to accelerate the development of renewable energy, as well as energy-saving technologies, such as electric and hybrid cars. ...
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