China Plans for 30% Renewable Energy by 2050

The report cites that the "Persistent rural poverty in China and periodic power shortages all have impressed upon Beijing that renewable energy must be a large part of China's economy if China is to both complete its economic transformation and achieve energy security."

"Between 2005 and 2030, China will account for 23% of the world's investment in power, spending $1.2 trillion U.S.D. in that period," Schwartz notes. "China's ambitious growth target for renewable energy production will require an investment of approximately 800 billion Yuan (~$100 billion U.S.D.) by 2020. In the long term China has set an objective of having 30% or more of its total energy requirements satisfied by renewable sources by 2050."

Current business opportunities, foreign participation, relevant conferences, and production and consumption are also discussed in this month's China Renewable Energy and Sustainable Development Report.

The in-depth report examines developments across China's renewable energy industry, as seen in these excerpts:

- Solar: "The Chinese government has recently announced that large new buildings will all utilize photovoltaic power generating technology."

- Wind: "Researchers at the Jiangsu Province Macroeconomic Research Institute have advocated that large-scale wind power should be directly used to provide electric power to industries, which are large consumers of power."

- Hydropower: "In 2007 there will be another 500 MW of small to medium sized hydroelectric power generating capacity constructed in Guangxi Province."

- Biomass, Biofuels: "China hasn't yet standardized its macro-economic policies with respect to the bio-diesel industry, but it is now formulating and will soon..."

- Laws and Policies: "These sets of issues include the fact that there are more than 10 million Chinese who do not have access to electric power and the often-spotty access to power among tens of millions of other rural Chinese."

A link to the full June 2007 issue of China Renewable Energy and Sustainable Development Report is available below.

Lou Schwartz, president of China Strategies, LLC, and publisher of China Renewable Energy and Sustainable Development Report, earned degrees in East Asian Studies from the University of Michigan and Harvard University where he studied Chinese language and literature, economics and law, among other disciplines. Lou also earned a J.D. from George Washington University Law School. Fluent in Mandarin Chinese, Lou has worked on various matters involving China's legal system, economic development, trade and investment while with a large U.S. law firm and currently as President of China Strategies, LLC.