China Passes New Green Laws Aimed at Businesses

BEIJING, CN — Companies operating in China are to face tough new green legislation after the country’s top legislature passed a package of laws designed to underpin the government’s climate change strategy.

Over the past year, the Chinese government has set out a range of targets designed to shrug off its tag as the world’s largest polluter, including goals to reduce energy consumption per unit of GDP by 20 percent, double renewable energy capacity and cut pollution levels 10 percent by 2010 compared to a 2005 baseline.

To support the targets, the Standing Committee of the 11th National People’s Congress (NPC) approved a raft of new regulations on Friday that are designed to curb carbon emissions and promote adoption of clean technologies. Read more

Source: GreenBiz