BEIJING Aug 22 (Reuters Point Carbon) - China will plough $372 billion into energy conservation projects and anti-pollution measures over the next three-and-a-half years, part of a drive to cut energy consumption by 300 million tonnes of standard coal, the country's cabinet said Tuesday.
A report from China's State Council, or cabinet, said the investments will take China almost halfway to meeting its target to cut the energy intensity 16 percent below 2010 levels by 2015.
The government has earmarked $155 billion of the money for projects that shrink energy use, and while the plan did not detail which types of projects or sectors would benefit from the funds, a big share of the cash is expected to go to industry.