The National Development and Reform Commission, China’s top economic planner, has announced a funding initiative of up to 100 million yuan ($13.8 million) aimed at advancing emerging emissions reduction technologies across various sectors. The program is designed to support projects that have high levels of technological advancement and show significant emission reduction benefits.
Eligible projects will focus on large-scale carbon capture, improving energy efficiency, and reducing carbon intensity in industries such as petrochemicals, steel, data centers, and construction. Additionally, funds will be available for projects related to the production of degradable plastics and using bamboo in packaging materials. The goal is to speed up progress in these areas and drive innovation in emissions reduction technologies.
The program is aimed at promoting sustainable practices across various industries in China by encouraging the recycling or reuse of products like industrial waste, steel scrap, and expired renewable energy equipment such as solar panels and wind turbines. This initiative is a step forward towards a greener future for China and its citizens.
