China leads global low-carbon industrial projects with 13 of 19 funded deals worth $43 billion in last six months
globaltimes.cnA new report from the Mission Possible Partnership shows that low-carbon industrial projects reaching final investment decisions more than doubled year on year to 19 deals worth $43 billion. China accounted for 13 of those projects, covering sectors like methanol and aluminum, while the US had only one. The report highlights that China now has 170 announced low-carbon projects in its pipeline, behind only sunbelt countries including India and Brazil with 318. China's green factory program continues to expand with 8,336 national green factories whose output represents 22 percent of industrial output above designated size. Green industrial parks now number 616, with energy consumption per unit of industrial added value at two-thirds of the national average. The article notes that supportive green finance policies and the industrialization of green technologies are accelerating China's industrial decarbonization.