2010-09-06
China Closes Factories as Green Deadline Looms. By Allison Jackson, AFP, August 21, 2010. "China, facing the risk of embarrassment if it misses a looming environmental deadline, has ordered thousands of companies to close high-polluting plants as its leadership vies to retool economic growth. Beijing has pledged to slash China's energy consumption per unit of gross domestic product by 20% between 2006 and 2010, as the world's biggest greenhouse gas emitter seeks to reduce pollution and clean up its environment... Beijing this month ordered 2,087 firms producing steel, coal, cement, aluminum, glass and other materials to close their old and obsolete plants by the end of September -- or risk having bank loans frozen and power cut off. Authorities in the eastern province of Anhui have reportedly already cut off electricity to more than 500 factories for a month after they failed to meet emission reduction targets. But only about a dozen factories will be closed entirely, with the rest ordered to shut down specific production capacity, according to the government order."
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