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Green China? You'd better believe it
Yanrui Wu
A recent report by the Pew Charitable Trusts shows that China was the world’s number one investor in green energy in 2010.
With a total investment of $54.4 billion, China was well ahead of second-ranked Germany ($41.2 billion) and the US in third place with $34 billion invested, not to mention Australia with $3.3 billion and ranked 12th.
In terms of installed capacity, China’s wind power sector alone doubled every year between 2005 and 2009. According to the latest statistics from the Global Wind Energy Council (GWEC), China added 18.9 GW of new wind power capacity in 2010, thus overtaking the US with the most installed wind power capacity in the world.
China’s parliament, the National People’s Congress (NPC), recently considered a 'New Energy Industry Development Strategy’ which is to be adopted as a major policy document by the State Council (some changes are expected due to the Fukushima nuclear plant disaster).
According to this proposed development strategy, during 2011-2020, China will invest about $800 billion in seven green energy areas, namely, wind, solar, nuclear, bio-energy, hydro, coal cleaning and smart power grid.
...
China’s economic reform in the last three decades has been successful due to pragmatism (instead of endless ideological debates). It seems pragmatism wins again this time. With a greener Chinese economy, it is certainly good news for the world.
http://www.abc.net.au/unleashed/56670.html
Yanrui Wu
A recent report by the Pew Charitable Trusts shows that China was the world’s number one investor in green energy in 2010.
With a total investment of $54.4 billion, China was well ahead of second-ranked Germany ($41.2 billion) and the US in third place with $34 billion invested, not to mention Australia with $3.3 billion and ranked 12th.
In terms of installed capacity, China’s wind power sector alone doubled every year between 2005 and 2009. According to the latest statistics from the Global Wind Energy Council (GWEC), China added 18.9 GW of new wind power capacity in 2010, thus overtaking the US with the most installed wind power capacity in the world.
China’s parliament, the National People’s Congress (NPC), recently considered a 'New Energy Industry Development Strategy’ which is to be adopted as a major policy document by the State Council (some changes are expected due to the Fukushima nuclear plant disaster).
According to this proposed development strategy, during 2011-2020, China will invest about $800 billion in seven green energy areas, namely, wind, solar, nuclear, bio-energy, hydro, coal cleaning and smart power grid.
...
China’s economic reform in the last three decades has been successful due to pragmatism (instead of endless ideological debates). It seems pragmatism wins again this time. With a greener Chinese economy, it is certainly good news for the world.
http://www.abc.net.au/unleashed/56670.html
