China’s ‘rapid renewables surge’
Sunday, August 3rd, 2008
photo credit: Dru Bloomfield – At Home in Scottsdale
China’s rapid investment in low carbon technologies has catapulted the nation up the global renewable energy rankings, a report shows.
The Climate Group study said China invested $12bn (£6bn) in renewables during 2007, second only to Germany.
However, it was expected to top the table by the end of 2009, it added.
The findings have been published as China faces criticism over its air quality ahead of the Beijing Olympic Games, which begin on 8 August.
The report, China’s Clean Revolution, brings together the latest data on the country’s burgeoning renewables sector in one publication.
Co-author Changhua Wu, The Climate Group’s China director, said the rapid rise in investment was, in part, the result of the government realising that the western model of industrialisation was unsustainable.
“China has been experiencing similar problems during its industrial revolution that western nations saw during their period of rapid growth – pollution, environmental damage and resource depletion,” she told BBC News.
“Domestically, we are being constrained in many ways; we do not have that many natural resources anymore.
“We have to rely on the international markets, so there is a big security concern there.”
Uncertainty over future energy supplies has seen global fuel prices reach record levels, which has resulted in renewable technologies becoming a more attractive option.
The report said China’s $12bn investment in renewables during 2007 was only just behind top-of-the-table Germany, which spent $14bn.
Random Posts:
- Vuzix display Wrap 920AR augmented reality glasses
- In Search Of Wildlife-friendly Biofuels: Are Native Prairie Plants the Answer?
- Space cameras to monitor forests
- The Nation of Futurity
- Court order served over Twitter Court order served over Twitter
2. Right-Click then Copy
3. Paste the HTML code into your webpage
Related posts:
