China’s Industrial Green Development Plan for the Fourteenth Five-Year period has been issued by the Ministry of Industry and Information Technology. The Fourteenth Five-Year period runs from 2021 to 2025, and this new Plan envisages a carbon intensity reduction of 18% per unit of industrial added value in that time. More detailed targets include a 13.5% reduction in energy consumption for industrial units above a designated size threshold; a recycling rate of 57% for bulk solid waste, 480 million tons of recycling per year of steel, metals, papers, plastics, and so on; a 16% reduction in water consumption per unit of added value; and 10% reduction in certain pollutant emissions. The value of the environmental protection industry in the country…