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China needs $243 bln a year low-carbon investment by 2020-report

2013-03-26 10:00:00| Climate Ark Climate Change & Global Warming Newsfeed

Reuters: China will have to raise up to $243 billion a year by 2020 to finance clean energy development, said a report commissioned by Beijing which will be presented to the government this month. Premier Li Keqiang this month pledged more action in tackling China's heavy pollution which sparked public anger this winter. Last year, China accounted for one quarter of world investment in renewable energy. It invested a record $67.7 billion in clean energy - 20 percent more than in 2011 - in a year when...

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