China to Invest $3 Billion in Forests and Alternative Fuel

Nathanael

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Thu Aug-19-10 05:33 PM
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China to Invest $3 Billion in Forests and Alternative Fuel

They continue to make moves on clean technology and renewable energy:

The Chinese government has announced it will invest US$3 billion in the development of biofuels over the next ten years.

The government's plan calls for 23% of the country to be covered by forests within the next decade -- a 3% increase from the current level. These forests will combat climate change by absorbing carbon dioxide. Similarly they will provide biomass material for biodiesel and ethanol.

http://www.energyboom.com/biofuels/china-invest-3-billion-forests-and-alternative-fuel

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