Business
        

Energy

China offers rewards to energy efficient companies

Updated: 2011-06-24 17:29

(Xinhua)

Twitter Facebook Myspace Yahoo! Linkedin Mixx

BEIJING -- China will continue to allocate funds to offer rewards for enterprises that refit their production techniques and facilities with energy-efficient technologies, the Ministry of Finance said on Friday.

Related readings:
China offers rewards to energy efficient companies Banks to finance private energy-efficient projects
China offers rewards to energy efficient companies Efficient energy cooperation
China offers rewards to energy efficient companies Top legislator stresses enforcement of energy-saving law
China offers rewards to energy efficient companies Buyers of energy efficient cars to get subsidies

The move aims to promote green technologies and increase energy efficiency in the world's second largest economy, which has vowed to reduce the amount of carbon dioxide produced per unit of gross domestic product by 40 to 45 percent by the end of 2020, the ministry said in a statement on its website.

The prerequisite for getting the rewards is that companies must have consumed more than 20,000 tonnes of coal equivalent (TCE) per year before adopting energy-efficient technologies, and save 5,000 tonnes of coal equivalent (TCE) after their tech-transformation.

Companies in eastern regions will be rewarded with 240 yuan ($36.92) per TCE saved while those in central and western regions will be given 300 yuan per TCE saved, the statement said.

Specials

My China story

Foreign readers are invited to share your China stories.

Pret-a-design

Though Elisabeth Koch did not attend the Aprilweddingof Prince William and Kate Middleton in London, her tailor-made hats might have.

Mom’s the word

Italian expat struggles with learning English and experiences the joys of motherhood again.

Suzhou: Heaven on Earth
The sky's the limit
Diving into history