14,000 Chinese companies to face fines unless they meet green targets

Posted on 17 Dec 2012

In the latest five year plan the Chinese government has placed challenging energy efficiency and environmental targets on industry, intending to reduce carbon dioxide by 17%.

It also plans to reduce its energy consumption per unit of GDP by 16% in the next five years, improve water conservation and up the levels of recycling.

UK Trade and Investment has identified over 14,000 Chinese companies that will be subject to high penalties and fines if they do not meet specific energy and environmental targets.

After receiving an extra £75m in 2013 to support British exports, UK Trade and Investment is running a range of activities around clean and energy efficient production activity in the first three months of 2013.

It has identified opportunities in China to supply factory equipment or services that measures environmental impact, recycles or treats water, manage or recycle waste and controls air temperature.