China to increase effective ecological investments

BEIJING, June 26 (Xinhua) -- China's Ministry of Ecology and  Environment has urged efforts to promote investment growth in the field  of ecology and the environment amid efforts to stabilize the country's  economy.

Targeting ecological projects listed among the  country's 102 major projects for the 14th Five-Year Plan period  (2021-2025), the ministry stressed the need to accelerate the  advancement of projects related to air, water, soil, solid waste  pollution control, and nuclear and radiation security supervision.

For major projects in the planning stage, preliminary work should be  done at an accelerated pace, and detailed construction schedules should  be clarified for existing projects, according to Minister of Ecology and Environment Huang Runqiu.

The ministry also underlined  measures to ramp up more accurate financial support for ecological and  environmental protection projects.

Project reserves will be  established to include ecological and environmental protection projects, as well as key national projects related to climate change. Efforts  will be made to improve the accuracy of financial funding matches for  these projects, the ministry said.

Building project reserves is important for directing financial investments, effectively coordinating supply and demand, solving key ecological and environmental problems,  and promoting green development, said Zhang Jianhong from the Chinese  Society of Technology Economics.

Industry insiders noted that  China will focus on promoting the steady expansion of investments in  infrastructure construction in the environmental protection sector, and  broadening investment channels to increase financial and social capital  in the sector.