China to invest heavily in low-carbon economy

Edited and Translated by Han Shasha, People's Daily Online

Beijing, Nov.16 (People's Daily Online) --During the 12th Five-Year Plan period, China is expected to invest more than three trillion yuan in environmental protection.

And the average compound annual growth rate of the environmental protection industry will hover between 15 percent and 20 percent, which indicates that the output of the industry will reach 4.9 trillion yuan.

With a focus on the environmental protection industry, China endeavors to develop a low-carbon economy.

A low-carbon economy is a new economic model aimed at reducing emissions. It feature low energy consumption and less pollution. The essence of the low-carbon economy is to seek energy-efficient and clean development so as to obtain green GDP. The core of the low-carbon economy is to develop and innovate technologies to reduce emissions, readjust the industrial structure and change the traditional growth model to achieve a sustainable development.