Clean Energy worth $555 Billion in China alone
Clean Energy worth $555 Billion in China alone
China has definitely made a commitment towards green, clean. technology:
- a renewable energy budget of $293 billion for the next 12 years
- a 15% renewable energy target for 2020
- a $205 billion environmental protection budget through 2010
- a new “circular economy law” to take effect Jan. 1 that forces industrial enterprises to adopt water-saving technologies, strengthen management, and install water-saving equipment in new buildings and projects
Per an article by GreenChipStocks, “The clean energy market in China will be worth $186 billion in about two years’ time. Clean energy in China will be worth $555 billion—or over half a trillion!—in the next twenty years”.
The USA has signed a 10-year framework that will expand cooperation with China, in areas such as clean electricity production and transmission, as well as efficient transportation. This is contrary to the popular notion that China is a neophyte in the area of clean energy. The Bush administration actually used China’s lack of initiative regarding clean technology as their main reason for not ratifying Kyoto. Now, they’re signing decade-long clean technology cooperation agreements with them.
Concentrating on clean energy, is not only good for the world, but could pull us out of the current economic downturn.
Similar Posts:
- COP15 – Copenhagen Climate Change Conference Dec 7-18
- World Population Hits 7 Billion
- Emissions Per Person – Not Per Nation
Filed under: Grid
