China Needs $190 Billion in Renewable-Energy Spending
www.bloomberg.com China, the world’s second-biggest energy consumer, needs to invest 1.3 trillion yuan ($190 billion) to achieve its target for renewable-energy use by 2020, National Energy Bureau chief Liang Zhipeng said.
The Asian nation, which is building wind turbines, solar plants and dams for hydropower, has set a goal to generate 15 percent of its total energy needed from such sources by the end of the next decade. By 2010, China expects low-polluting power sources to account for 10 percent of use, Liang said today at the Renewable Energy Finance Forum in Beijing.
China’s expansion into alternative fuels is aimed at increasing energy independence and making a dent in its greenhouse-gas emissions, the world’s largest. Reducing air pollution may relieve a burden on society and industries.
“We’re facing damages to water resources” from emissions, Liang said, laying part of the blame on increased vehicle traffic. “We are working to initiate the solar-power market in China.”
The nation raised its target for generating power by harnessing sunlight by more than fivefold to 10 gigawatts in 2020, helped by declining costs for setting up solar panels. The earlier target was 1.8 gigawatts, Li Junfeng, secretary general of the Chinese Renewable Energy Industries Association, said today at the conference.
China is considering giving preferential interest rates on loans to fund renewable-energy projects, said Liang, whose energy bureau is an arm of the National Development and Reform Commission in Beijing, the country’s top economic planner.
The world’s most populous nation ranked first in heat- trapping emissions from burning oil, coal and natural gas in 2006, according to U.S. Department of Energy data on Bloomberg.
The government wants the use of alternative energy to account for 40 percent of China’s total energy consumption by 2050, Li said.
15 May 2009, 11:26 am
si atacan como en el caso del petróleo pronto serán líderes.
saludos