China Invests in Cleaning Up Pollution
It has been noted that China has around 7 percent of the global water resources, while its population accounts for up to 20 percent of the global population, and this is not taking into account that much of China’s water is polluted due to industrialization and the country’s dependence on coal as an energy source. Government data reveals that a survey of 5,000 groundwater check points in 2012 revealed that 57.3 percent of the samples taken were polluted. Previous discussions regarding water pollution included the setting up of sludge treatment facilities and this will likely feature in future plans.
With regard to the high-levels of air pollution being experienced in Beijing, authorities have demanded that 15,000 factories in and around the city to publicly report details of their emissions, as well as on their wastewater and heavy metal disposal. This ground-breaking move has surprised many environmentalist groups that have for some time being putting pressure on Beijing to release air pollution data, particularly as many of these factories are run by state-owned companies. This is seen as a step in the right direction to address a problem that is right in front of every Beijing citizen’s eyes, as sometimes the fog hanging over the city restricts visibility to a few feet.
Developing renewable energy sources – wind and solar – is high on the list of priorities in tackling air pollution, and this competitive market is thriving in China, with new technologies being developed all the time and creating opportunities for investors with an eye on a cleaner future.