Mega cash int'l grants protect ozone layers

China Daily | March 9, 2004| | Copyright

China has received US$450 million from the Multilateral Fund for the Implementation of the Montreal Protocol since 1992, following its efforts to phase out ozone depleting substances.

The money is part of US$740 million approved by the Multilateral Fund to support China's phase-out efforts. The rest of the money will be offered to China according to how the phase-out projects proceed, officials said.

The already-received money will be used to support more than 200 projects designed for enterprises and several projects for industries such as the foam and automobile air conditioner production ...

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