Subscribe to our free daily newsletters
  Energy News  

Subscribe to our free daily newsletters

Report: China leads in low-carbon energy

disclaimer: image is for illustration purposes only
by Staff Writers
Washington (UPI) Mar 29, 2011
China is the world's leading investor in low-carbon energy technology, a global study by a U.S. environmental polling organization has shown.

The study, published by the U.S. Pew Environment Group, showed that the Chinese invested $54.4 billion in the technology in 2010, up from $39.1 billion in 2009, the BBC reported Tuesday.

While investment by the United States increased by 51 percent to $34 billion, America nevertheless slipped from second to third in the ranking, behind Germany's $41.2 billion, the study said.

Around the world, the low-carbon energy sector -- which does not include nuclear power -- attracted $243 billion of investment, a 30 percent increase from 2009 and a significant 630 percent rise since 2004.

The report examined the clean energy sector's investment and technological trends in the Group of 20 leading economies.

In addition to attracting the most investment, China was also the world's leading producer of wind turbines and solar energy units, and overtook the United States in 2009 as the nation with the most installed clean energy capacity, the report said.

earlier related report
China sets emissions, energy targets
Beijing (UPI) Mar 29, 2011 - China has announced larger-than-anticipated targets for carbon emission and energy intensity cuts in industrial production for 2011.

The new reductions -- slightly higher than what China had pledged in its recently released 12th Five Year Plan -- are part of China's plan to cut energy consumption and carbon emissions per unit of gross domestic product by 18 percent over the next five years, said Deputy Minister Su Bo, Xinhua news agency reports.

As part of the new targets, announced Monday, China aims to reduce energy use and carbon emissions per unit of industrial value added output by 4 percent this year compared to 2010 levels.

While the original plan calls for energy use and carbon emissions to be cut by 16 percent, the reductions announced Monday refer to the rate at which China consumes energy but not the overall amount of carbon it emits.

China, the world's biggest consumer of energy, is also the world's top emitter of greenhouse gases, due in large part to its massive economic development over the last three decades, development that has depended on labor and energy intensive growth.

"Industry should play the leading role in energy saving and emission reduction as it is the area where energy consumption and pollutant emission(s) mainly take place. It is difficult to get the whole industry motivated to engage in that course if targets are too soft," said Zhou Cangyi, who heads the department responsible for policy making of energy efficiency, People's Daily Online reports.

Official data indicate that China realized a 26 percent reduction in energy use per unit of industrial value-added output in the five years to 2010, with a savings of 750 million tons of coal equivalent.

China also said it would reduce by 30 percent water consumption per unit of gross domestic product over the next five years. That compares with a 25 percent cut stated in the original five-year plan.

Pew Charitable Trusts, in a study, said China maintained its ranking as the global leader of clean energy investment, attracting a record $54.4 billion in private investment in 2010.

That represents a 39 percent increase from 2009 and is equal to the total global investment in clean energy in 2004.

China, the world's largest manufacturer of wind turbines and solar modules, is expected to surpass key targets, including deploying 150 gigawatts of wind energy and 20 GW of solar energy by 2020, Pew said.

Share This Article With Planet Earth DiggDigg RedditReddit
YahooMyWebYahooMyWeb GoogleGoogle FacebookFacebook

Related Links

Memory Foam Mattress Review
Newsletters :: SpaceDaily :: SpaceWar :: TerraDaily :: Energy Daily
XML Feeds :: Space News :: Earth News :: War News :: Solar Energy News

Lights off as 'Earth Hour' circles the globe
Los Angeles (AFP) March 26, 2011
Lights went off around the world Saturday as landmark buildings and ordinary homes flipped their switches while the annual "Earth Hour" circled the planet in what was dubbed the world's largest voluntary action for the environment. In Paris a minute's silence was observed for Japan as the city of light went dark, with illuminations switched off at the Eiffel Tower, Notre Dame cathedral, City ... read more

Report: China leads in low-carbon energy

US energy future hazy on Japan, environment fears

Lights off as 'Earth Hour' circles the globe

Lights out as Tokyo lives with power crunch

Oil prices stable after US stocks report

Obama vows cut in US oil imports by a third

Oil pact key to peace as Sudan splits

Oil prices rally on Mid East tensions

US hopes to resolve China wind turbine rift

Nordex USA Enters First 300MW Joint Venture

Developing The Next Generation VENTOS CFD Model

GL Garrad Hassan Helping To Realize Largest US Wind Farm Development

Global Clean Energy Investment Reached Record 243 Billion Dollars In 2010

SANYO HIT Panels Installed For Largest California Solar Initiative System In Long Beach

Enerconcept Technologies Now Offers Solar Air Heaters To US

Solar Module Manufacturers Turn To Innovative Solutions To Enhance Production Processes And Meet Growing Market Demands

French atomic security unready for repeat disasters: agency

TEPCO president hospitalised, shares tumble

Japan PM says stricken nuclear plant to be scrapped

Austria's mothballed nuclear plant pulls in the public

Construction Begins LanzaTech Ethanol Demo Plant

EPA Ethanol Decision Triggers Filing Of Petition

Green Plains Completes Acquisition Of Ethanol Plant

VG Energy Contracts Bioprocess Algae To Verify "Lipid Trigger" Results

What Future for Chang'e-2

China setting up new rocket production base

China's Tiangong-1 To Be Launched By Modified Long March II-F Rocket

China Expects To Launch Fifth Lunar Probe Chang'e-5 In 2017

Cutting Carbon Dioxide Helps Prevent Drying

UC Research Explores Why Ancient Civilization Was Living On The Edge

Brazil needs to push to unblock climate talks: Clinton

Carbon tax not behind state rout: Australia PM

The content herein, unless otherwise known to be public domain, are Copyright 1995-2010 - SpaceDaily. AFP and UPI Wire Stories are copyright Agence France-Presse and United Press International. ESA Portal Reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. Advertising does not imply endorsement,agreement or approval of any opinions, statements or information provided by SpaceDaily on any Web page published or hosted by SpaceDaily. Privacy Statement