Renewable Energy Priority for China
Author: Dylan Sun
China plans to put even greater effort into developing its renewable energy industry and cut greenhouse gas emissions to maintain sustainable economic growth in the coming years. Investments worth more than two trillion Yuan, or 10 percent of the nation's gross domestic product (GDP) in 2006, are needed to meet the renewable energy target by 2020, according to the National Development and Reform Commission (NDRC). The exploration of renewable energy is greatly needed in China.
Currently, coal annually accounts for more than 70 percent of China's total energy consumption, leaving great potential for the development of renewable energy a" hydropower, marsh gas, solar, wind and other clean and renewable energies, he added. According to its ambitious development plan, China's installed renewable energy a" hydropower, wind power and solar power generation capacity will increase by 190 million kilowatts, 29 million kilowatts and 1.73 million kilowatts respectively between 2006 and 2020.
By 2020, the nation's installed renewable energy a" hydropower, wind power and solar power generation capacity will reach more than 300 million kilowatts, 30 million kilowatts and 1.8 million kilowatts respectively. To achieve this goal, China will have to seek greater international financial support and cooperation to develop its renewable energy industries in the years ahead, Chen said. Renewable energy could contribute to 30 percent of China's total energy supply by 2050, an energy expert estimated on Tuesday.Chinese wind power stations may have the ability to generate 300 to 500 million kw of electricity in 2050 and another 200 million to 300 million kw will be generated by solar energy, Shi Dinghuan, president of the Chinese Renewable Energy Society, said at the Solar World Congress 2007 in Beijing.
The Chinese government also expects and encourages more domestic small and medium-sized enterprises (SMEs), especially private firms, to join hands in the development of the country's renewable energy industry, the vice-minister added. He believes there is enough room for both foreign and domestic companies in the huge renewable energy sector.
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why should we use renewable energies than non-renewable.?
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Why is oil business a brake for renewable energy…?
how important is renewable energy for business?
Its because the oil industry was established about 100 years ago. A time when there was much less restriction and no one knew about global warming or even cared for that matter. They built themselves up and established a foothold in the industry Now the renewable companies are trying to make money out of the cash that would have gone to the oil companies so it is just basic business that they would try to stop this.
Potentially if you can generate your own renewable energy, very.
In times past solar panels and wind turbines cost loads compared to what they can produce. Now these devices are cheaper and more efficient, and you can save their cost in electricity in no time. One your solar cell or turbine has generated enough to pay for itself- free electricity! Who doesn’t like free electricity, only idiots, that’s who.
Businesses have been leaders on energy efficient lighting, it’s rare to see any workplace lit by anything other than florescent tubes. The idea not being to save the planet but the very sensible idea of not chucking money down the drain.
It’s recycling really and nature proves that it sustains its systems proficiently that way, so why not follow the good example laid out for eons instead of getting into another novelty.
Otherwise you sound like a bad infomercial!
It makes sence, though the second sentence makes it sound like you can’t wait for it to end (because it’s been terrible).
It has been a great pleasure to welcome you to Kuala Lumpur for the Renewable Energy (conference?). I am very happy that The Conference has been concluded this evening, (with great progress?). I believe that the dialogue is very beneficial for all delegates and I hope that all of the information exchange and experience sharing in this conference will create a larger investment in Renewable Energy and at the same time will strengthen the cooperation in the natural gas business in Asean+3 countries.
The Chinese are currently doing well at manufacturing, but this is not the best indicator of who will dominate the future renewable energy market. The current manufacturing capacity will supply only about 5% of the total energy market in the next 10 years. The other 95% of the market is still up for grabs. The best technologies are not on the market yet and information about them is not in the public domain. You might get a hint of capabilities by looking at patent filings at
http://www.uspto.gov
However, you need to know a lot of science to realize that patent on topic A is an enabling (choke point) technology for new technology B which is not directly addressed. People that know about the new technologies are bound by confidentiality agreements. One common clause in confidentiality agreements is that the existence of the agreement itself is confidential. The information that you find on the internet is the information that industry wants you to see. The public can and should be concerned at the macro level about the level of investment in R&D and manufacturing capability. The US is at a disadvantage because
1. the overall level of investment in renewable energy is too low.
2. US investors are at a disadvantage because of the federal failure to regulate the industry. Companies with credible technologies under development tend to be more discrete than Wall St. stock promoters. The result is that some of the investment in renewable energy (and all other industrial sectors) is misdirected to scams whose only purpose is to enrich Wall St. bankers. The US is falling behind because Wall St. scam artists skim $1 trillion annually that would be better invested in R&D and manufacturing capacity. The UK dependence on the financial sector has the same consequence: lack of investment in industry.
3. US labor is overpriced. Human capital is a critical element in the competition for the future economy. The Chinese are playing for the advantage of manufacturing experience by investing now. They hope to persuade companies with the next generation of technologies to locate in their country. The work force in Europe and North America (and Japan) is more skilled than the Chinese workforce at present, but overpriced. The auto sector workers collectively are more skilled than their Chinese competitors and merit more pay than the $2/hr earned by Chinese workers. $20-$25/hr is realistic, $80/hr demanded by the UAW is not. The critical question is whether the workforce will take realistic wages, stay employed and prevent the Chinese from building manufacturing expertise or allow their skills to decay to zero value. If this issue is not resolved, US workers will be worth $2/hr in 10 years and Chinese workers will be worth $20/hr.
4. The Chinese are good at copying and stealing technology, but lag in innovation. Europe and North America can improve their competitive position by making market access for Chinese goods contingent on Chinese respect (payment) for intellectual property. Trade policies should favor domestic innovators rather than implicitly condone Chinese theft of IP by allowing unrestricted market access. Consumer prices will be higher, but consumers will have more wealth the pay the higher prices.
I don’t think that it is too late for Europe and North America, but structural adjustments noted above are needed. The companies and countries that own the best technologies between 2020 and 2030 will be the big winners.
Can you please check this paragraph if it makes sense?
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It has been a great pleasure to welcome you to Kuala Lumpur for Renewable Energy dialog. I am very happy that The Dialog has been concluded this evening. I believe that the dialogue is very beneficial for all delegates and I hope that all of the information exchange and experience sharing in the dialogue will motivate bigger investment in Renewable Energy business and at the same time will strengthen the cooperation in natural gas business in Asean+3 countries.
Is China set to dominate the world in renewable energy industry?
China Leading Global Race to Make Clean Energy
http://www.nytimes.com/2010/01/31/business/energy-environment/31renew.html
“China vaulted past competitors in Denmark, Germany, Spain and the United States last year to become the world’s largest maker of wind turbines, and is poised to expand even further this year.
China has also leapfrogged the West in the last two years to emerge as the world’s largest manufacturer of solar panels.”
Does it matter that China is getting such a lead in the new technologies? Will we all be buying Chinese solar panels for ever after now? Why are British workers in our beleaguered heavy industry sectors not getting the chance to benefit from these new green jobs?
jeff, yes i know. But they are turning their tanker around a good deal faster than any of the ‘developed’ countries, its very impressive to watch, and very frustrating.
We too are still building coal power stations.
dana, yes, the engineers that run china can say ‘make it so’ and it happens. they dont have to slog through the sea of opposition from vested interests, they have a big advantage.
paul, spot on. it’s been happening since thatcher, and i spent several years waiting for nu-labour (= tory lite) to stem the arterial bleeding from the manufacturing sector. no chance!
you cant eat a city bank.
d/dx, lots to think about there. i only disagree about the innovation side; chinese patent numbers are rapidly catching up with ours, give it a decade and they will be up with europe and n. america. i dont know if we will see a cultural difference in the type of innovation, maybe more cautious steps?
On the wages side; there is far to much spread here, it is leading to a collapse of the social mobility that fuelled the innovations of the last four decades. the rich have clotted at the top of the milk again, time to shake the bottle.
i said to watch siemens didnt i;
http://www.greenwisebusiness.co.uk/news/siemens-invests-in-british-tidal-energy-developer-1179.aspx
but i’m not sure there’s not a much better design, this is too cribbed off a wind turbine. as for tooling up, harland and wolff got aid as no other shipyard did, because of the troubles.