China’s environmental controls, long criticized as ineffective, are starting to have real economic bite.
This year, officials have rejected billions of dollars of new factories and other investment projects for failing to meet standards. For local companies accustomed to ignoring standards, this could change the financial calculus.
“Our supervision is getting tougher, and environmental requirements are being raised,” said Wu Bo, a director at the State Environmental Protection Administration who is in charge of reviewing the environmental impact of new factories and infrastructure projects.
Bron: “Chinese Environmentalism”, Environmental Economics blog, 20 december 2007.
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