McKinsey: Benefit from going green

China can reduce its greenhouse gas emissions by 50 percent if it adopts green technologies. This in turn would help the country become a "green economy" by 2030, said a report released yesterday by global consulting firm McKinsey & Co.

The report also said China can reduce its oil imports by up to 30 to 40 percent and its coal demand by 40 percent and greenhouse gas emissions by 50 percent by 2030. This can be done through investments in technologies that are commercially available and those not widely understood or deployed nowadays.

McKinsey estimated that from now on until 2030, additional investments of 1.5-2 trillion yuan would be needed each year to deploy green technologies.