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China says must make $315 billion - $630 billion green investments per year
2015-10-09 01:14:00| Climate Ark Climate Change & Global Warming Newsfeed
Reuters: China must make green investments of between 2 trillion and 4 trillion yuan ($315-630 billion) per year over the next five years, but the government can only cover 15 percent of that, China's central bank deputy governor, Yi Gang, said on Thursday. "Most of the finance has to come from the private sector, so we have to provide a positive incentive mechanism," Yi said on the sidelines of International Monetary Fund meetings in Lima. Earlier this week, China confirmed it would launch a nationwide...
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