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China is aggressively advancing renewable energy

China is “by far, the most aggressive nation in terms of advancing alternative energy in general, and solar in particular.”

China’s ‘green’ stocks poised to steal limelight Asia Markets – MarketWatch, By Myra P. Saefong, 8 Oct 10, — As the world’s most populous nation and top energy consumer, China’s appetite for renewable energy sources and obligation to fulfill environmental initiatives are sure to grow — along with investment in the companies that help satisfy that demand, analysts said…...renewable energy and environmental stocks, also referred to as clean equities, “should attract greater regulator and investor attention and become even hotter,”Evan Li, an analyst at Standard Chartered, said.

Within that sector, Li highlighted the importance of wind farms and waste-water and solid-waste management.

And the solar industry has become very important to China from both an economic and ecological standpoint, said Brien Lundin, co-founder and chairman of solar-tech company Natcore Technology Inc. /quotes/comstock/11v!e:nxt (CA:NXT 0.93, -0.05, -5.10%) ……investment in China’s clean-energy industry reached $34.6 billion in 2009, up 148% since 2005, becoming the largest such investment of any country, according to Li….

The wind energy sector “is one of the largest beneficiaries of the global effort to curb global warming, due to its economic cost and scalability,” he said. “This is particularly so in China, as independent power producers find wind capacity to be the most efficient tool in achieving their renewable energy targets by 2020.”

Meanwhile, Lundin said China is “by far, the most aggressive nation in terms of advancing alternative energy in general, and solar in particular.”

China’s ‘green’ stocks poised to steal limelight Asia Markets – MarketWatch

October 8, 2010 - Posted by Christina Macpherson | general | antinuclear, climate change, global warming, renewable energy, renewables