Financial muscle for energy conservation

China has put muscle into its drive for saving energy and reducing pollution with 10 billion yuan funded by the central government, according to the website of the country's top economic policy-making agency.

Through the allocation of 6.3 billion yuan in treasury bonds and 5 billion yuan from the national budget appropriated at the start of the year, the country now has a total of 21.3 billion yuan in its green drive war chest.

The National Development and Reform Commission (NDRC) said that as part of the effort, about 9 billion yuan, 13 times than allocated last year, will be used in 10 key energy saving and pollution reduction projects.