China to Launch Multi-Billion Dollar Renewable Energy Program

filed under: global development, Renewable Energy, Solar Power, Wind Power

china, beijing, solar power,china dialy, zhang guobao, multi billion dollar renewable energy program, carbon emissions, national energy administration, solar power, copenhagen green power, clean power, wind energy, wind, nuclear energy, wen jiabao, Photograph: Bob Sacha/Corbis

China recently announced that it is planning to reduce its carbon intensity by 40-45% (from 2005 levels) and generate 15% of its electricity from renewables by 2020. According to Zhang Guobao, head of the National Energy Administration, the country will be launching a multi-billion dollar program investing in wind, solar and nuclear power some time in the near future.

The new development is in following with the pledge that Premier Wen Jiabao made at the Copenhagen climate change summit back in December to reduce its emissions and ramp up renewable energy infrastructure. While Zhang told newspaper China Daily that the program will go public soon, he did not specify a date.

“Power projects take a long time to get up and running, and we are basically allowed five years to complete them although it is a 10-year programme,” Zhang told China Daily. “Otherwise, the facilities cannot be put into use by 2020.”

Via Cleantechnica

One Response to “China to Launch Multi-Billion Dollar Renewable Energy Program”

China to build the World's Largest Wind Farm | Inhabitat - Green Design Will Save the World says:

October 25, 2010 at 11:46 am

[...] It seems that the title of World’s Biggest Offshore Wind Farm is a fleeting thing – at the moment it is held by Thanet Wind Farm in the North Sea, but soon it could belong to Bohai Bay in China. It is not surprising that China could soon usurp this title, as not only is the country now one of the largest producers of solar energy and photovoltaic technology, it is now leading the world in wind turbine production. [...]