Now Britain is lending China - the world's second largest economy - millions of pounds to plant trees
· UK agrees to underwrite loan which could cost us £30million
· A total of £210million will support forestry projects
· Through Europe, UK will underwrite loans for years
By Daniel Martin
PUBLISHED: 23:34 GMT, 9 April 2012 | UPDATED: 07:39 GMT, 10 April 2012
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..British taxpayers are underwriting a multi-million-pound loan to help China plant trees as part of a project to tackle climate change.
The Treasury has agreed to a European Union scheme to help the country grow forests to compensate for its contribution to global warming.
The Luxembourg-based European Investment Bank – of which the Chancellor is a governor – has lent China £210million (250million euros) to kickstart the project.
Reforestation: The Treasury has agreed to help China grow forests. Pictured, trees in the China's Xinjiang Uygur region