China cuts power to big emitters
Authorities in eastern China have cut off electricity to more than 500 factories for a month after they failed to meet emission reduction targets, state media reports.
The news on Monday came after China warned more than 2,000 companies in high-polluting and energy-intensive industries to shut down outdated equipment or risk having bank loans frozen, approvals for new projects dry up, and their power turned off.
The order from the Ministry of Industry and Information Technology was the latest salvo by Beijing as it tries to slash its world-leading greenhouse gas emissions and restructure the economy. (Read on …)
