China will tighten funding rules for new projects to curb investment and worsening pollution in the world’s fourth-biggest economy, according to an official from the nation’s top economic planning agency.
China will “soon” reduce the amount of debt companies can use for projects in industries that have excess capacity, pollute heavily or use too much energy, said Luo Guosan, of the investment department of the National Development and Reform Commission. The official, interviewed on a government Website on Tuesday, didn’t detail the planned capital requirements.
Source: CCTV International
Beijingers were warned to stay indoors on Thursday as pollution levels across the capital hit the top of the scale, despite repeated assurances by the government that air quality was improving.
“This is as bad as it can get,” a spokeswoman for the Beijing Environmental Protection Bureau told AFP.
“Level five is the worst level of air pollution. This is as bad as it has been all year.”
According to the bureau’s website, 15 out of the 16 pollution monitoring stations in urban Beijing registered a “five” for air quality rating.
AFP: Beijing air pollution ‘as bad as it can get,’ official says.
With one of the world’s fastest-growing economies, India is expected in the coming years to produce ever more of the greenhouse gases that contribute to global warming. But many business owners in small industries either fail to understand the relevance of climate change or are unable to afford the changes necessary to become more energy-efficient. According to a World Bank study, India’s 4.5 million small and medium enterprises, with their obsolete technology, produce 70 percent of India’s industrial pollution.
Small-Scale Businesses Forestall a Green India – washingtonpost.com.