News Snapshot:
The National Development and Reform Commission, China's top economic regulator, recently announced an allocation of 2.4 billion yuan ($355 million) to save energy and reduce carbon emissions as part of the country's effort to transition to a greener economy. The move marks the second batch of central government budgetary investments this year to support pollution treatment, energy saving and carbon reduction. It underlines the importance of low-carbon transformation in key areas, especially energy-intensive and polluting industries, to realize China's strong green commitment to peak carbon emissions by 2030 and achieve carbon neutrality by 2060, an expert said. The money will...
