Griping about China’s exploding fuel consumption? (Who isn’t?) Check this out. The Worldwatch Institute reports that ambitious Chinese energy targets, supported by strong government policies and manufacturing prowess, may enable China to leapfrog the rest of the industrialized world in renewable technology in the near future. This even as it conducts breakneck expansion of economy via its reliance on coal.
In Powering China’s Development: The Role of Renewable Energy, Eric Martinot and Li Junfeng report that China will likely achieve, and may exceed, its target of 15% energy from renewables by 2020. Furthermore, renewables could provide more than 30 percent of the nation’s energy by 2050.
The nations of the world invested more than $50 billion in renewable energy in 2006. China alone is expected to invest more than $10 billion in new renewables in 2007, second only to Germany, and double the amount the US invested in 2006. China’s production of wind turbines and solar cells doubled in 2006, and is poised to pass world solar and wind manufacturing leaders in Europe, Japan, and North America in the next three years. China already dominates the markets for solar hot water and small hydropower.
Still not enough. But moving in the right direction. Evidence of understanding. Unlike here at home.
Julia Whitty is Mother Jones’ environmental correspondent. You can read from her new book, The Fragile Edge, and other writings, here.