InvestorsHub Logo
Followers 37
Posts 3835
Boards Moderated 0
Alias Born 01/01/2006

Re: None

Saturday, 07/08/2017 10:51:49 AM

Saturday, July 08, 2017 10:51:49 AM

Post# of 40914
The demand for bio-fertilizer is going just keep going up and up and up....

China needs patience to fight costly war against soil pollution: government

https://www.reuters.com/article/us-china-environment-soil-idUSKBN19D0N6

China must show patience in its "long war" against widespread soil pollution, the environment ministry said this week, with the country facing a clean-up bill that could reach as high as 1 trillion yuan ($146.39 billion).

Beijing has promised to draw up new policies and set up a dedicated fund to deal with large stretches of polluted soil caused by overmining, industrial wastewater runoffs or excessive pesticide and fertiliser use.

But it said in an action plan published last year that it would aim to "stabilize" worsening soil pollution by the end of this decade and only start to make improvements by 2030.

Speaking at a press briefing on Wednesday, Qiu Qiwen, head of the soil environment department of the Ministry of Environmental Protection (MEP), said the cost of cleaning up one mu (0.066 hectares) of polluted farmland in China could reach as much as 20,000 yuan ($2,928.86).

According to the last nationwide survey published in 2013, about 50 million mu (3.33 million hectares) of China's farmland - an area the size of Belgium - was too polluted to grow crops. That would put total clean-up costs at 1 trillion yuan.

"Soil pollution does not form overnight and the problem cannot be solved overnight," said Qiu, adding that China "must have patience to fight the long war ahead".

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.