China puts big hopes in renewable energy development
Forbidden City, Beijing, China (source: flickr/ David Stanley, creative commons)
Alexander Richter
22 Apr 2015
New study finds that wind, solar, hydropower, biomass and geothermal energy could produce 60 percent of China's total energy and generate 85 percent of its electricity in 35 years while maintaining stability on the grid.
China is always in the need for more energy and it currently depends heavily on fossil fuels. This trend seems to be changing since, it is now really thinking of developing renewables, according to a recent post in E&E Publishing. The same source details that “The “China 2050 High Renewable Energy Penetration Scenario and Roadmap Study” from the China National Renewable Energy Centre models energy trends in China, stipulating a goal of high renewable energy penetration with the constraints of pollution, emissions, technology and economics.The study found that wind, solar, hydropower, biomass and geothermal energy could produce 60 percent of China’s total energy and generate 85 percent of its electricity in 35 years while maintaining stability on the grid.”
Energy and the environment are not the only concerns, since the Chinese Government expect to create millions of jobs and account for 6.2% of the country’s GDP, according to Wang Zhongying, director of the China National Renewable Energy Centre.
E&E Publishing mentions also that developing renewables is not only a energy challenge, but also a financing problem; therefore “throughout China, legislators are experimenting with different policy mechanisms to see which one produces the best results, from pricing carbon to directly subsidizing renewables. “The Chinese are taking a ‘let all flowers bloom’ approach,” said Paul Bledsoe, a former White House climate aide during the Clinton administration and a senior fellow on energy and climate at the German Marshall Fund of the United States, who was attending the session.”
To read more on the issue, please follow the link below:
Source: E&E Publishing
