03:42 GMT +311 December 2019
Listen Live
    This picture taken on January 29, 2013 shows a general view of buildings in the heavy smog in Jilin, northeast China's Jilin province

    Going Green: China to Invest $360Bln in Renewable Energy Before 2020

    © AFP 2019 /
    Environment
    Get short URL
    2187
    Subscribe

    Beijing plans to increase the consumption of non-fossil energy resources in order to reduce the consumption of coal, and boost the share of solar, water power, geothermal and wind energy.

    BEIJING (Sputnik) — China plans to invest 2.5 trillion yuan ($359.8 billion) in the development of renewable energy resources, deputy head of the Chinese National Energy Administration (NEA) Li Yangzhe said Thursday.

    "According to initial calculations, the 13th five-year (2016-2020) investment plan in renewable energy will amount to 2.5 trillion yuan," Li said in a statement.

    The renewable energy development plan was prepared by the NEA and the National Development and Reform Commission of the People's Republic of China (NDRC), the deputy head added.

    The plan envisages an increase in the consumption of non-fossil energy resources in order to reduce the consumption of coal. The Chinese government also intends to increase the share of solar, water power, geothermal and wind energy.

    China's extended use of coal for power generation has caused Beijing, as well as other Chinese cities, to suffer from severe air pollution, that imposes serious threat to the nation's health.

    Related:

    China Plans to Enter Era of 'Ecological Civilization'
    About 150,000 People in China to Travel Abroad to Escape Heavy Smog in December
    Making Money Out of Thin Air (Literally) - Bottled Air On Sale in Smog-Hit China
    Solid Evidence: Chinese Activist Creates Smog Brick to Expose Air Pollution
    A Peek Through the Smog at China's Sights
    Tags:
    renewable energy, Chinese National Energy Administration (NEA), Li Yangzhe, China
    Community standardsDiscussion
    Comment via FacebookComment via Sputnik