Renewables booming in China: Report

[OKIsItJustMe]

http://www.chinadaily.com.cn/bizchina/2007-11/17/content_6261328.htm

Renewables booming in China: Report

(China Daily)
Updated: 2007-11-17 09:22

China would likely achieve and could even exceed its target of obtaining 15 percent of its energy from renewables by 2020, according to a new report released by the Worldwatch Institute.

The findings of the report Powering China's Development: The Role of Renewable Energy, written by Beijing-based researcher and Worldwatch senior fellow Eric Martinot and vice-chair of China's Renewable Energy Society in Beijing Li Junfeng, were encouraging for the sector.

It suggested that if China continues with its commitment to diversifying its energy supply and becoming a global leader in renewables manufacturing, renewable energy could provide more than 30 percent of the nation's total by 2050.

"A combination of policy leadership and entrepreneurial savvy is leading to spectacular growth in renewable energy, increasing its share of the market for electricity, heating and transport fuels," Martinot said. "China is poised to become a leader in renewables manufacturing, which will have global implications for the future of the technology."

More than US$50 billion was invested in renewable energy worldwide in 2006, and China is expected to invest more than US$10 billion in developing new renewables capacity in 2007. The investment would be second only to that of Germany.

Wind and solar energy are growing particularly rapidly in China, with production of both wind turbines and solar cells doubling in 2006. China is poised to surpass world solar and wind manufacturing leaders in Europe, Japan and North America in the next three years, and it already dominates the markets for solar hot water and small hydropower.

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[madrchsod]

1. npr had an excellent program on this subject

while we are spending trillions on war china is taking our money and building for the next century. i guess when a society has been around for 4 or 5 thousand years they take a long look into the future.

[razzleberry]

2. hydro power is not new

--> PRAISE CHINA <--
for the-three-gorges-dam






(sarcasm)

[NickB79]

3. 15% by 2020 is too little, too late

China is adding 100 GW of energy production every year (the equivalent of all of Norway), and putting millions of new cars on the road per year. By 2020, even if their percentage of renewables has increased to 15%, their overall CO2 output will likely be larger than today's if their economy keeps booming.