The central government will put more money into reducing and replacing coal use in heavy industry, and monitoring and accounting carbon emissions, according to its new notice on investment into energy conservation and carbon-reduction projects.

Several Chinese media outlets highlighted the focus of the notice on decarbonising “key industrial sectors” like power and steel sectors, but Dialogue Earth found this support already existed in last year’s notice.

The new document keeps subsidies for decarbonising high-emission sectors, as well as for circular-economy projects, such as recycling stations, but adds two new areas: “clean alternatives to coal consumption” and the monitoring and accounting of carbon emissions.

Citește mai mult