Companies that specialize in water technologies will greatly benefit from this investment

Feb 18, 2014 13:51 GMT  ·  By
China announces plans to invest a hefty sum of money in tackling water pollution
   China announces plans to invest a hefty sum of money in tackling water pollution

As if having a major air pollution crisis to deal with were not enough, news from China says that the country is now also facing poor water quality.

By the looks of it, this second problem is due to a series of water pollution incidents that have recently occurred in this part of the world.

Business Green tells us that, according to local media reports, some of these water pollution incidents were so bad that authorities in China fear that they might spark civil unrest.

Hence, the country's high officials found themselves left with no choice except dig deep in their pockets and come up with some spare change that could be spent on improving water quality.

It is still unclear just how big the pockets that high officials in China went about exploring are, but what is known is that the country has plans to spend an impressive $330 billion (€240.4 billion) on tackling water pollution.

Interestingly enough, the amount of money that China is ready and willing to invest in cleaning its water sources is greater than the one set aside to fight air pollution.

For the time being, the country's Ministry of Environmental Protection has not released any information concerning how it is exactly that the $330 billion made available to fight water pollution is to be spent.

Still, there is little doubt that companies that specialize in water technologies will have a whale of a time, and also some impressive profits to show for it.

Hopefully, it will not be long until details about the country's plan to deal with its high levels of water pollution emerge.

Interestingly enough, word has it that China also plans to increase the fines that companies can get if found guilty of violating existing regulations concerning environmental protection.

Besides, the country wants to make switching off emissions monitoring equipment and pollution control technologies a criminal offense.