With further commitments under way, China is making more and more strides in its efforts to curb the effects of climate change.
The Adapting to Climate Change in China project, launched in Beijing on Thursday with Britain and Switzerland, will run through 2012, the National Development and Reform Commission (NDRC), China's economic planner, said in a statement on its website.
Involving a $6.75 million investment, the project will look at the impact of climate change on agriculture, water resources, grassland livestock, natural disasters and human health, and then develop measures and policies to tackle the problems, the statement said.
Britain's international development department, as well as its energy and climate change department and the Swiss Agency for Development and Cooperation, will provide financial support and technical assistance for the project, the NDRC said.
China has committed in its current five-year plan to cut energy consumption per-unit GDP by 20 percent between 2006 and 2010.
In the wake of the global financial downturn, Chinese people are reserving and developing more environmentally friendly lifestyles.
With thrifty living traditions, most Chinese households consume around 1,000 kilowatts of electricity annually, a level that would only run a dryer in a typical Western family.
Second to South Korea's 79 percent green investment, China has committed 34 percent of its stimulus funding to environmental projects, leading the world's 20 largest economies in the percentage listing, the UN Environment Program reported on Thursday.
One year after the global financial crisis began, the UN agency found that about 15 percent of the estimated $3.1 trillion in global stimulus funds are "green"in nature.
Other members of the Group of 20 leading economic powers, including the US, lag behind in percentage of green investments from stimulus money, the agency found.
Pavan Sukhdev, project leader of the UN agency's Green Economy Initiative and the director of the current report, said the report shows that there has been significant greening investments – about $512 billion – committed already.
In New York, G20 leaders met this week at UN Headquarters, attempting to generate the momentum needed to reach an ambitious agreement at the UN Climate Conference in Copenhagen in December.
In his Tuesday speech, Chinese President Hu Jintao pledged to curb the growth of China's carbon dioxide emissions by a "notable margin"by 2020 from their 2005 levels.
Source: Agencies/Global Times