Green development projects in China will get a boost from a new partnership with U.S. organizations. The Environmental Protection Agency (EPA) and non-profit U.S. Business Council for Sustainable Development signed a “Memorandum of Understanding” to work together on eco-friendly development projects in China.
The U.S. agencies will work with the China Business Council for Sustainable Development and the Chinese State Environmental Protection Agency to:
- create a sustainable strategy for cement production in China
- to expand the use of clean technologies to convert waste to renewable energy
- implement by-product synergy (one industrial sector uses the by-products as input materials for another sector).
EPA spokesperson Dave Ryan told us “there’s no financial commitment in the MOU [Memorandum of Understanding], but there may be in specific projects under the MOU.” The collaboration will eventually extend its partnership beyond China.
Investment in the country’s cleantech industry is definitely booming. Funding will surpass $720 million in 2008, according to a report released by The Cleantech Group earlier this month.