18 October 2010

Giant Panda

The FT reports on a big number:
[Chinese] officials have aired a goal of a 40-45 per cent cut in carbon intensity by 2020, and the new five-year plan will reinforce that with an interim target.

To achieve these goals, China is preparing a big spending programme to boost clean energy. The new energy investment plan, which has been reported by official media but not yet formally approved, could see as much as Rmb5,000bn ($753bn) poured into developing alternative energy sources in the next decade.