BEIJING :China will establish a special relending facility worth 200 billion yuan to support the clean use of coal, state broadcaster CCTV quoted the country's cabinet as saying on Wednesday.
The relending facility will be used to promote clean and efficient processing of coal, CCTV said. It did not specify what that would involve, but such processing could include washing to remove toxic pollutants and impurities. The cabinet, or State Council, said the loans would be in addition to a lending tool rolled out by the central bank this month to support efforts to cut carbon emissions, CCTV said.
Coal, a major contributor to carbon emissions, accounted for 56.8per cent of China's primary energy consumption in 2020, down from around 68per cent a decade earlier.
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