Asia Pacific > China’s State Council approves CO2 target for petrochemicals, offers loans for carbon permits

China’s State Council approves CO2 target for petrochemicals, offers loans for carbon permits

Published 11:48 on August 3, 2016  /  Last updated at 07:38 on August 4, 2016  / Stian Reklev /  Asia Pacific, China

China’s Cabinet has approved the petrochemicals industry’s 10% carbon intensity reduction target by 2020, while promising to help oil and gas firms get loans using pollution credits such as CO2 allowances as collateral.
China’s Cabinet has approved the petrochemicals industry’s 10% carbon intensity reduction target by 2020, while promising to help oil and gas firms get loans using pollution credits such as CO2 allowances as collateral.


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