The Five Year Plan’s are very famous in china for quite a long time, with China being in their 12th concurrent one at the moment. On tuesday, The State Council of China has received plans for a cut in around 40-50% of emissions by 2020 from where they were at in 2005 ( carbon dioxide emissions per unit of GDP ).
The plan will ensure that laws are binding on local businesses as to ensure that there is some consistency in their predictions about future energy laws.
China, it was also explained, is going to have a favorable outlook on technology companies and similar energy related firms that can reduce carbon costs.