SHANGHAI (Reuters) - The World Bank has approved a $500 million loan to China to support financing of projects to help control air pollution in and around Beijing. The money is part of a broader program expected to reach $1.4 billion for "green financing" over the next six years that includes another half billion dollars from Hua Xia Bank Co Ltd and $400 million in equity contributions from sub-borrowers, the World Bank said. China suffers from severe air pollution and is the world's largest emitter of greenhouse gases, such as carbon dioxide. Some 70 percent of its electricity comes from coal-fired power plants, which are a major source of greenhouse gases. The country aims to reduce its reliance on fossil fuels by increasing the share of nuclear, hydro, wind and solar power, with the goal of cutting emissions of major pollutants in the power sector 60 percent by 2020. The money will help companies in Beijing, Hebei, Tianjin and neighboring areas that are taking action to tackle air pollution under a prevention and control plan adopted by China's cabinet, the State Council, such as reducing coal consumption and lowering emissions. Beijing-based Hua Xia Bank will establish a Green Finance Center and pilot innovative financing models and products, it said. Beijing frequently features near the top of the list of China's most polluted cities as emissions from vehicles and heavy industry combine with weather conditions to raise smog levels. The worst bouts of air pollution tend to coincide with periods of low wind. For Beijing and its surroundings, the government has set a target for 2020 of reducing pollution by 40 percent from 2013 levels. (Reporting by John Ruwitch; Editing by Eric Meijer)
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Rest in peace, rockstar.
- Chicago Tribune
‘He could have ended his career’: Grayson Allen’s flagrant foul on Alex Caruso draws the ire of Chicago Bulls coach Billy Donovan after a 94-90 loss to the Milwaukee Bucks
Billy Donovan was steaming after the Chicago Bulls’ 94-90 loss to the Milwaukee Bucks Friday night, but the coach’s ire wasn’t directed at his players. Donovan was upset about Bucks guard Grayson Allen’s flagrant-2 foul on Alex Caruso and called on the league to investigate. With 5 minutes, 45 seconds left in the third, Caruso went up for a driving dunk when he was fouled by Allen and fell ...
- Access Hollywood
Arnold Schwarzenegger was involved in a serious car accident. The actor was in a crash while driving his Yukon SUV near his home in Los Angeles at around 5PM PT on Friday, as seen in photos obtained by TMZ. The 74-year-old’s Yukon SUV was photographed on top of a red Prius.
- The Wrap
"He is such a bright light who cared so deeply about the happiness of others," King says in a statement
The Keeping Up the Kardashians alum posted a series of images of herself only wearing a bikini, fuzzy boots and sunglasses during a ski trip in Aspen, Colorado on Thursday
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- Business Insider
The former Trump lawyer Jenna Ellis says the January 6 committee members are subpoenaing her because they're 'mad they can't date' her
Ellis was subpoenaed on Tuesday, along with the former Trump lawyers Rudy Giuliani, Sidney Powell, and Boris Epshteyn.
- Celtics Wire
But does it make sense for either team to pull the trigger?
- Country Living
With 12 seasons portraying Danny Reagan on the hit show Blue Bloods under his belt, it's safe to say Donnie Wahlberg is comfortable in front of the camera. But some fans may not know about his behind-the-scenes work.
The January 6 committee obtained a draft of post-insurrection White House remarks that said 'the election fight is over.' Trump gave a speech but left out that sentence.
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- NBC Sports
Earlier in the game, a frustrated Curry kicked a chair.
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- Associated Press
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- The Daily Beast
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- Footwear News
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- Tacoma News Tribune
A wall of water 60 feet high could hit some coastal areas of Washington state.
- The Daily Beast
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- The Daily Beast
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- NBC Sports Boston
The Bruins were pretty upset with Garnet Hathaway's hit on Brad Marchand during Thursday's game. Here's what Bruce Cassidy and David Pastrnak had to say about it.