China Funding Aims to Spur Climate Technology Breakthroughs
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China will offer projects funding of up to 100 million yuan ($13.8 million) in an effort to accelerate progress on emerging emissions reduction technologies, targeting sectors from steel to data centers.
The program aims to support “construction of projects with leading technological levels” and “outstanding emission reduction effects,” the National Development and Reform Commission, China’s top economic planner, said Monday in a policy document.