BusinessGreen: Chinese authorities will need to raise an extra $243bn a year by the end of the decade in order to tackle climate change and deliver sufficient investment in low carbon development.
The staggering figure is revealed in a report commissioned by the Chinese government's powerful National Development and Reform Commission (NDRC), which calls for a two stage plan to reform China's climate finance mechanisms by the end of a decade.
Report authors, The Climate Group and researchers at the Chinese...