Tags: China | Alternative | Energy

China to Spend $3 Billion on Alternative Energy, Trees

Wednesday, 18 Aug 2010 03:46 PM

China plans to invest $3 billion in the next 10 years to develop alternative energy fuels, combat desertification and prevent landslides.

Wu Jian, a senior engineer with State Forestry Administration, said at a news conference on Wednesday that the trees will fight climate change by absorbing carbon and will produce material for bio-diesel and ethanol fuels by 2020.

The plan aims to have 23 percent of the country covered with forests in 10 years, a 3 percent increase from the current level.

China is one of the world's fastest-growing economies and relies on coal to meet two-thirds of its energy needs. It has been under increasing pressure to take more forceful measures to curb releases of greenhouse gases.

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China plans to invest $3 billion in the next 10 years to develop alternative energy fuels, combat desertification and prevent landslides. Wu Jian, a senior engineer with State Forestry Administration, said at a news conference on Wednesday that the trees will fight climate...
China,Alternative,Energy
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2010-46-18
Wednesday, 18 Aug 2010 03:46 PM
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