China: Going Green, Going It Alone

Clean-tech investors, like those that swarmed the U.N. headquarters last week, have been drooling over investment prospects in suddenly-green China. Maybe it’s time to curb the enthusiasm.

“China expects local capital to fund 90 percent of the infrastructure and other investment needed to meet its goal to get 15 percent of its energy from renewable sources by 2020,” a top Chinese environmental official told Reuters at a climate-change shindig in Monaco (following Bali and Honolulu, yet another hardship destination for climate negotiators.)

China recently passed a renewable-energy law similar to the European Union’s that mandates a big increase in the use of clean energy like wind- and solar power over the next decade. And in China, a big percentage increase means a big increase: To make wind power 10% of the installed electricity capacity — an amount that the wind industry says is realistic – China needs to install 120 gigawatts of wind turbines. Perspective check: That’s more wind power than currently installed worldwide, or two entire Spains, or roughly 120 mid-sized nuclear plants.

Environmental Capital – WSJ.com : China: Going Green, Going It Alone.

About Damian Holmes 5445 Articles
Damian Holmes is the Founder and Editor of World Landscape Architecture (WLA). He is a registered landscape architect (AILA) working in international design practice in Australia. Damian founded WLA in 2007 to provide a website for landscape architects written by landscape architects. Connect on Linkedin at https://www.linkedin.com/in/damianholmes/