Dive Summary:
- China's investment in renewables will reach 1.8 trillion yuan ($294 billion) and 2.3 trillion yuan ($375 billion) for energy efficiency and emissions-reduction projects by 2015 since the industrial powerhouse launched its 12th Five-Year Plan in 2011.
- The renewables will help raise China’s non-fossil fuel energy consumption to 15% of its primary energy mix and help fight climate change, a senior official said Tuesday.
- As China’s economic development spurs massive energy consumption, China’s per capita emissions are the highest in the world.
From the article:
“The UN is working on forming legal agreements among governments to cope with climate change by the end of 2015…”