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Posts tagged 4 trillion yuan

Low Carbon Pump-Priming?

You didn’t think The Green Leap Forward would go on to celebrate its first birthday (next week, folks!  December 2nd!) without commenting on the recently announced RMB 4 trillion (US$586 billion) pump-priming package did you?
Of course not.
The basics of the package is that a total of RMB 4 trillion will be spent by the central [...]

November 26th, 2008 | Tags: , , , , , , , , , , | Category: capital and finance, coal, governance, government, smart grid, transportation, urban planning, wind | Comments (1)


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What is the Green Leap Forward?

The Great Leap Forward was an economic and social plan used from 1958 to 1960 which aimed to use China's vast population to rapidly transform mainland China from a primarily agrarian economy dominated by peasant farmers into a modern, industrialized communist society. It is now widely seen, both within and outside of China, as an major economic (and environmental) disaster.

By contrast, the Green Leap Forward, is an emerging movement to harness and combine the powerful forces of smart policy, sustainable finance and green technologies to steer China's red-hot economy onto a more ecologically and socially sustainable path. Unlike its predecessor, the Green Leap Forward is as much a bottom-up revolution as it is a top-down one and in this age of increasing global interconnectedness, is a movement that will have an impact beyond its borders.

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