Ministry of Environmental Protection: China's investment in environmental protection is expected to exceed RMB 3 trillion during the 12th Five-Year Plan period

Wu Xiaoqing, vice minister of the Chinese Ministry of Environmental Protection, said on the 24th that the environmental protection industry is becoming China's sunrise industry and the pillar industry leading the development of green economy. It is predicted that the demand for environmental protection investment in China during the 12th Five-Year Plan will exceed RMB 3 trillion more than double during the “Eleventh Five-Year Plan” period.
Wu Xiaoqing said at the “2010 China Green Industry and Green Economy High-tech Summit Forum” that China’s environmental protection industry will maintain an average annual growth rate of 15%-20% for a long time to come. China will become the largest in the world. One of the environmental protection industry markets.
He said that the protection of the ecological environment is an important step in promoting the transformation of the economic growth mode. Transforming the economic development mode can see whether or not a practical measure A basic measure is whether the cost of resources and the environment will be reduced.
Wu Xiaoqing said that China must further improve the comprehensive application of environmental protection law, comprehensive application of laws, economy, technology and necessary administrative means to vigorously promote cleaner production and circular economy. To give priority to the development of green economy and green industry with limited environmental capacity and development space.
Wu Xiaoqing said that China should gradually improve its environmental economic policies to better play the basic role of the market in resource allocation. Environmental and economic policies such as the implementation of green credit, pollution liability insurance, and green investment will create incentive and restraint mechanisms that are conducive to environmental protection.

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