Move from heavy industry gives China potential to develop green economy




Green development during the 13th Five-Year Plan period (2016-20) will generate moreinvestment and job opportunities, experts said.

"China has a greater potential to develop a green economy as the country is shifting away fromheavy sectors that have long been driving economic growth," said Hu Angang, an economicsprofessor at Tsinghua University, at a panel discussion co-sponsored by the World ResourceInstitute and Phoenix International Think Tank.

As one of the core economic targets, a green economy has the potential to develop as long as"the country is able to keep the growth rate within a reasonable range, with more detailed plansand policies," said Hu.

Official data shows that coal consumption was down by 3.7 percent last year, pointing to areduced reliance on the fuel and a drop in emissions.

China has made progress in several areas, including closing and fining outdated steelproduction plants, promotion of low-impact economic development in some regions andencouragement of green finance, according to Manish Bapna, vice president of the WorldResources Institute.

Yi Dinghong, an economics professor at Renmin University of China in Beijing said new energyindustries might be one possible area to create more jobs.

Even though China started late in promoting a green economy compared to other countries, thecountry is able to catch up with more government support, said Yi.


By Wang Yanfei (chinadaily.com.cn)


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comments

Ranessa: Twitter - might not be the most popular in these parts - but keeps you updated nicely. For example, Wiggo was having photos of himself in green sent to Caevidnsh ahead of stage two. Which was fun.