Viewing entries tagged Wind Energy
Posted by Kit Jennings
Kit Jennings
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on Wednesday, 10 August 2011
in Business in China

In 2009, thermal energy was the country's primary source of electricity production, representing 80% of electricity generation, followed by hydro-power at 16%, nuclear power at 1.8% and other non-hydro renewables at 1.24%.

The 12th 5 year plan is ground-breaking in its emphasis on the importance of sustainable growth and using renewable sources of energy. Water consumption in industrial processes is to be cut by 30%. Non-fossil fuels are to account for 11.4 % of primary energy consumption. GDP CO2 emissions are to be cut by 17%. Forest coverage is to rise by 21.66%. Companies, such as Nalco, which sees the potential in this shift, is adamant to get involved and aims to grow in China by 20% in the next 5 years.

Does the Plan Mark a Transition?

This new 5 year plan is by no means an eco-political tectonic shift. China treads a fine line between slowing growth and inflation. But, this plan marks the realisation that continued reliance upon foreign resources undermines its security. China’s heavy involvement in Africa, Afghanistan, Indonesia and South America belie an insatiable thirst for raw materials, from oil to rare earths, timber through to copper. This reliance upon foreign resources, particularly from areas of unrest, is not ideal. Coupled with the notion of defence is of course the problem of our environment. In a recent RUSI report (Royal United Services Institute), John Mabey remarked:

“Climate impacts will force us into a radical rethink of how we identify and secure our national interests. For example, our energy and climate security will increasingly depend on stronger alliances with other large energy consumers, such as China, to develop and deploy new energy technologies, and less on relations with oil producing states.”

A Green China: Trends and Investment Prospects for Foreign Firms

Posted by Administrator
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on Wednesday, 14 July 2010
in Business in China

 

China is making a significant commitment to the environment.   The recent growth of renewable energies and eco-industry reflect the sustainability trend.  Currently the largest global emitter, China aims to reduce emissions by 40-45% for every unit of GDP by 2050. Pollution and environmental issues have resulted in an economic loss of 10% of GDP reflecting the necessity of sustainability for long term economic success.

Decreasing reliance on coal will be the key to success.  New Government statistics estimate by the end of 2010, over a quarter of electricity will be generated via renewable sources. The growth of this sector has outpaced that of the coal, and now account for over half of gross energy capacity. Among renewable energies, solar and wind energy are the two fastest growing.