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Beijing plans $3B on alternative energy, trees
Beijing has worked out a plan to invest up to 20 billion yuan (US$3 billion) in the next decade on forestation and develop alternative energies.
Wu Jian, a senior engineer with the State Forestry Administration, said at a news conference that the trees will fight climate change by absorbing carbon and will produce material for bio-diesel and ethanol fuels by 2020.
The plan aims to have 23 percent of the country covered with forests in 10 years, up 3 percent increase from the current level. …
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