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China to step up financial support for green development

BEIJING, April 10 (Xinhua) -- Chinese authorities have issued guidelines to strengthen the financial support for green and low-carbon development. According to the document jointly released by several government departments including the People's Bank of China (PBOC), the country will basically build a world-leading financial support system for green development in the next five years and make policies more coordinated, effective and mature by 2035, with better resource allocation, risk management and market pricing.

Chinese university, Brazil's Vale open joint lab

CHANGSHA, April 9 (Xinhua) -- A low-carbon and hydrogen metallurgy laboratory jointly set up by China's Central South University and Brazil's Vale went operational Monday in Changsha, central China's Hunan Province. With a total area of 3,000 square meters, the laboratory is a five-story building with scientific instruments and equipment.

China's deepest geothermal well drilled to 5,200 meters

BEIJING, April 8 (Xinhua) -- China's deepest geothermal exploration well, Fushenre-1, has completed drilling in the country's southern island province of Hainan, reaching a subterranean depth of 5,200 meters, China's petrochemical giant Sinopec said on Monday. It set a new record for the deepest geothermal exploration well in China, according to the company.

Guangdong carbon market closes lower

GUANGZHOU, April 8 (Xinhua) -- Carbon emissions allowances closed at 62.78 yuan (about 8.

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