China to Spend $382 Billion Reducing Energy Consumption and Pollution

[Nathanael]

The world's largest emitter and biggest importer of energy, China, has announced it will drop $382 billion in anti-pollution measures and energy conservation projects over the next three and a half years. It is hoped the investment will cut coal use by 300 million tons annually.

Consuming energy at such an unprecedented rate has proven to be expensive and toxic for the Chinese people. Currently, China imports 185 million tons of coal, and some analysts expect this number to rise as high as one billion tons by 2030.

Link: http://energyboom.com/finance/china-spend-382-billion-reducing-energy-consumption-and-pollution