Search

IN FOCUS
ENVIRONMENT | Staff Reporter, China
Published: 29 May 12
364 views


China in multi-billion dollar campaign to promote renewable energy

China intends to spend some US$27 billion to advance solar power, wind power and develop hybrid technologies. It aims to boost its use of renewable energy to 15% of overall energy consumption.

The amount will also go to promoting energy conservation, reducing emission and cutting carbon emissions. The Ministry of Finance said it wants to promote energy saving products and accelerate the development of hybrid cars.

In the long term, China plans to cut its greenhouse gas emissions by 40% to 45% by 2020, compared with 2003 levels. China is the world's biggest emitter of carbon dioxide.

A report by the International Energy Agency (IEA) said China in 2011caused an increase in global carbon emissions to their highest ever recorded level.

China’s CO2 emissions per unit of GDP (or its carbon intensity), however, fell by 15% between 2005 and 2011. The IEA said this may mean that China was finding less carbon-consuming ways to fuel growth.

 


 



Sign up for our newsletter

 

Do you know more about this story? Contact us anonymously through this link.

Click here to learn about advertising, content sponsorship, events & rountables, custom media solutions, whitepaper writing, sales leads or eDM opportunities with us.

To get a media kit and information on advertising or sponsoring click here.

Tags: China, Ministry of Finance, renewable energy

CO-WRITTEN ARTICLES & SPONSOR CONTENT ››

Delivering integrated instrumentation, control and electrical solutions for power generation and water plants – on time, within budget, and with strict compliance with health and safety regulations – is one of ABB’s defining strengths.
224 views

LATEST ENVIRONMENT JOBS »
  • No jobs posted on this category.
PRINT ISSUE »

Subscribe Now
China’s hunt for more sustainable energy to sustain demand through 2040

97 views

China takes significant steps towards going green by 2015

66 views

Metering India smartly

76 views

close Don't Show Again

STAY INFORMED! Get our free weekly newsletter