China will accelerate its formulating of a policy to shut down high-pollutant or obsolete-equipped companies mainly in the steel, power, electrolytic aluminum, and coking coal industries, according to Zhu Xingxiang, head of the pollution prevention division under the China Ministry of Environmental Protection.
The ministry is also closely monitoring steel companies that begin steel project constructions without securing environmental approval, said Zhu at a joint briefing on industrial overcapacity with the National Development Reform Commission and the Ministry of Land and Resources on Friday.
The government may offer compensation for the closures and will begin testing methods to enforce such closures soon, Zhu said.
Meanwhile, the environmental protection ministry will open up an approval express route for projects meeting environmental-protection standards, which would improve peoples' livelihoods and expand domestic demand, according to Zhu.
The ministry has declined or delayed 47 projects worth 191 billion yuan so far this year on the basis of environmental standards, 70 percent of which were in the steel, petrochemical, nonferrous metals, and power sectors.
Zhu also disclosed that the ministry is also closely monitoring some hydropower projects which may impact the environment, but failed to identify the specific projects.
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