Chinese officials say they are reducing energy use and major pollutant emissions, but are struggling to reach their own targets. Some help is coming, however: the European Union is loaning China more than $700 million for projects to reduce greenhouse gas emissions. Daniel Schearf reports from Beijing, where improvements are not yet visible.
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Chinese officials have rejected mandatory caps on emissions and say industrialized nations should shoulder most of the burden in helping developing countries like China cope with climate change.
On Thursday, the President of the European Investment Bank, Philippe Maystadt, said the bank would lend China more than $700 million for projects to help reduce greenhouse gas emissions.
Maystadt said the loan would not involve the usual requirement that the money be used to purchase EU technology, because improving the global environment is in Europe's best interest.
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