Isra-Mart srl: China keeps promise to curb carbon emission

Isra-Mart srl news:
Although it is not an easy task, China strives to put into practice the promise made last November before the Copenhagen Conference — to cut its carbon dioxide emissions per unit of gross domestic product by 40 to 45 percent by 2020 compared with the level from 2005.

“The old path of economic growth based on environmental pollution implemented in developed countries over the past 300 years is not feasible in China, and China can not afford the losses brought by this development mode,” said China’s Minister of Environmental Protection, Zhou Shengxian, at an ongoing theme forum of the Shanghai World Expo in Nanjing, capital of east China’s Jiangsu Province. The two-day forum ended Sunday.

China should base its development on its own situation and explore a new development path that is more efficient and sustainable, costs less, and results in less carbon emissions, Zhou said.

After the outbreak of the international financial crisis in September 2008, the world economy suffered the greatest challenge since the Great Depression as the United Nations Environment Programme (UNEP) advocated the development of a “green economy” worldwide.

In China’s 4-trillion-yuan (about 588.24 billion U.S. dollars) economic stimulus plan, funds for energy savings, carbon reductions and ecological construction reached 210 billion yuan. Plus the 370 billion yuan in funds used for innovation, restructuring and coping with climate change, “green investment” accounted for 14.5 percent of the stimulus plan. It indicates the government is shifting its values from traditional “profit maximization” to “welfare maximization.”