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China to spend $400 billion on environment

   Taking note of the fact that the nation has become the world’s top emitter of greenhouse gases, the Chinese government plans to invest $400 billion U.S. over the next four years on measures to protect the environment, Wu Xiaoqing, vice minister of China’s Ministry of Environmental Protection (MEP), has disclosed. Addressing the World Low Carbon and Eco-economy Conference and Technical Exposition in Nanchang earlier this month, Minister WU said that the investment will result in growth in China’s environmental protection industry by a compound annual rate of 15 to 20%, generating an average annual output of 4.9 trillion yuan (about $770 billion U.S.). A survey by Chinese University Tshinghua has found that emissions of greenhouse gases  in China increased by 33.6% from 2006 to 2010, but that the nation’s carbon intensity has fallen by 20.8%, owing to initiatives to improve energy efficiency and to increase reliance on renewable energy sources.

Last Updated on Tuesday, 17 January 2012
 

Weekly Archives

Week 20, 2012

Clean Harbor Q1 revenue grows 32%
Report: VC investment in water technology up
Smithers to acquire Environmental Sciences Group
IHS acquires XēDAR
Air and water instrument market to exceed $14.1 billion
Thomas & Betts shareholders approve sale to ABB
Walter P Moore acquires Dodson & Associates
Oman to spend $7.53 billion on water infrastructure
EPA, Commerce launch environmental export initiative
Feds approve $200 million sewage tunnel for Honolulu
EBJ Business Achiever of the Week: POWER Engineers

Week 19, 2012

American Water, Aqua America complete asset exchange
B&W receives go-ahead for WTE plant in Florida
Tetra Tech to acquire Brazilian engineering practice
Report: “frack” water management market to reach $9 billion by 2020
HDR acquires Stetson Engineering
EQ acquires Alabama-based TSD facility
Veolia Water to build, operate New Delhi treatment plant
United Water to manage N.Y. county wastewater assets
Aerostar Environmental acquired by BBNC
FMC Corp. forms environmental division
EBJ Business Achiever of the Week: EcoAnalysts

Week 18, 2012

Portage/Perma-Fix teams wins LANL task orders
NanoH2O raises $60.5 million in financing
AECOM, CDP to partner in cities report
B&W wins $150 million pollution control contract
IHS to continue support for federal hazwaste programs
HCCI prices offering at $20.50 per share
EPA issues CAA standards for oil/natural gas production
EBJ Business Achiever of the Week: Tetra Tech

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