How does soil remediation become a worthwhile investment for holders of private capital, and how can we ensure that the limited investments from the public purse are used optimally?
Soil contamination has become an urgent issue globally. In China alone, nearly 20 per cent of farmland is contaminated, posing a severe health risk, estimates of the cost of cleaning these contaminated soils run to USD 1.3 trillion, more than 10% of China’s annual GDP. According to the 12th Five Year Plan, the Chinese central government only budgeted for less than USD 5 billion and leaves a considerable gap for private funding to invest.
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