China Expects to Fund 90 Pct of Renewables Target

From Reuters:

China expected local capital to fund 90 percent of the infrastructure and other investment needed to meet its goal to get 15 percent of its energy from renewable sources by 2020, a senior official said.

Gao Guangsheng, director general of at Beijing’s National Development and Reform Commission , was speaking on Wednesday to a conference of environment ministers and other delegates at 154-nation climate talks in Monaco.

The conference has focused on how to raise finance to fight global warming.

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