China to set up $2 billion fund to help fight smog
Published on Feb 12, 2014 8:07 PM
BEIJING (REUTERS) - The Chinese government said on Wednesday said it will set up a 10 billion yuan (S$2 billion) fund to fight air pollution, offering rewards for companies that clean up their operations.
Pollution is of increasing concern to China's stability-obsessed leaders, anxious to douse potential unrest as a more affluent urban population turns against a growth-at-all-costs economic model that has poisoned much of the country's air, water and soil.
Authorities have issued countless orders and policies to try and clean up the country and invested in various projects to fight pollution and empowered courts to mete out the death penalty in serious cases.
But enforcement of rules has been patchy at the local level, where authorities often rely on taxes paid by polluting industries.
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