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China Works Towards Renewable Energy

According to a new report released by the Worldwatch Institute, China is aiming to obtain 15% of its energy from renewables by 2020- And it is headed in the right direction. The financial investments are vast- “More than $50 billion was invested in renewable energy worldwide in 2006, and China is expected to invest over $10 billion in new renewables capacity in 2007.” To back this up are strong goals and policy leadership determined to make this positive change happen.

“With its booming economy and rapidly expanding energy consumption—particularly its use of coal and oil—it is imperative for China to diversify its energy supplies.” National demand for electricity “doubled between 2000 and 2006” and China’s economic development, environment, and public health have been severely affected: “for example, only 1 percent of urban Chinese breathe air that meets European air quality standards.”

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