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Chna’s revolutionary programme for renewable energy

China as a model renewable energy economy Ft.com By Li Hejun, China New Energy Chamber of Commerce and Hanergy Holding Group  31 Dec 14  Almost 200 governments met in Peru this month to hammer out a first draft of a global deal to cut emissions, ahead of a new round of climate talks next year in Paris. If the world is to arrest climate change, global economies need to embrace renewable energy. Those looking for a model of how this might be done should consider a possibly surprising source: China.

It has been little noticed by the outside world, but in China a technological revolution that will result in huge gains in efficiency and new applications for renewable energy has already begun…….

China’s renewable energy goals are not simply hot air. The country’s leadership recognises that China must break its dependency on coal if it is to satisfy the surging power demands of a growing middle class and an expanding economy without blanketing the country in smog. China’s renewable energy goals are also necessary for the country’s long-term energy security. Neither coal, shale gas nor any other fossil fuel can secure our energy future………

The new goals will trigger a huge investment push towards renewables. The scale of the new generating capacity to be installed in the next decade will reshape China’s renewable energy market, weeding out weak companies as the government gradually phases out subsidies, and driving gains in efficiency and technological innovation as the remaining industry players compete for market share.

I believe that solar will be at the forefront of this technological advance. Solar energy is fast becoming more affordable. The cost for solar power generation is now 50 per cent lower than it was three years ago. China’s cost of solar power generation has fallen to below Rmb1 per kWh and if we continue that trend, I predict that within 3-5 years the generation cost of solar cells will approach that of coal-fired power………….. http://blogs.ft.com/beyond-brics/2014/12/31/guest-post-china-as-a-model-renewable-energy-economy/

January 5, 2015 - Posted by Christina Macpherson | China, renewable