Over the next three-and-a-half years, China is planning to spend $372 billion on decreasing air pollution and reining in energy consumption. The plan does not specify exactly where the money will be spent, however.
A report from China’s State Council said its goal is to reduce energy consumption by 300 million tons of standard coal, in an effort to reduce greenhouse gas emissions. Last year, China’s carbon output ballooned up to 9.7 billion tons — about 29 percent of the world’s CO2 emissions.
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