[Peakoil] PRC: Poised to lead renewables race

[Antony Barry]

  PRC: Poised to lead renewables race

Source: peopleandplanet.net

"China will probably achieve -- and may even exceed -- its target to  
obtain 15 percent of its energy from renewables by 2020, according to  
a leading research institute. And if China's commitment to  
diversifying its energy supply and becoming a global leader in  
renewables manufacturing persists, renewable energy could provide  
over 30 percent of the nation's energy by 2050.

More than $50 billion was invested in renewable energy worldwide in  
2006, and China is expected to invest over $10 billion in new  
renewables capacity in 2007, second only to Germany. Wind and solar  
energy are expanding particularly rapidly in China, with production  
of wind turbines and solar cells both doubling in 2006. China is  
poised to pass world solar and wind manufacturing leaders in Europe,  
Japan, and North America in the next three years, and already  
dominates the markets for solar hot water and small hydropower."

Full article: http://www.peopleandplanet.net/doc.php?id=3138

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