Renewable energy will account for 10 per cent of total Chinese energy
consumption by 2010, under a new plan released last month by the
National Development and Reform Commission
(NDRC).
According to Xinhua reports, the NRDC aims to double the country's
renewable energy capacity from 2005 levels as part of a strategy to curb carbon
emissions while still meeting growing energy demands.
It claims that by 2010 the country is expected to boast 190m kw of hydropower
capacity and 10m kw of wind capacity, as well as 5.5m kw of bio-energy projects
and 10m kw of wind capacity.
The plan forms a key part of the
NDRC's
climate change strategy, which was released last year and aims to cut
greenhouse gas emissions whilst retaining the country's rapid economic growth.
The plan is the latest indication that China is emerging as a major force in
the booming global renewable energy industry. The country already boasts a
number of high profile cleantech firms, such as solar suppliers
Qiangsheng
and Suntech Power, and observers
claim its low cost manufacturing base mean it is well positioned to exploit
burgeoning demand for wind turbines and solar panels.
Last year the government also
announced
it was to invest $3bn in forestry and renewable energy projects designed to
cut emissions through the UN's clean development mechanism.
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