China to have biggest absolute increase in renewable energy
December 17, 2013 Category Alternative energy, Environment
China will see the biggest absolute increase in power generation from renewable energy in the next 20 years, more than the increase in the European Union, the United States and Japan combined as the country faces a serious battle against pollution, the International Energy Agency (IEA) said. China will be the strongest driver in the global trend where renewable energy will account for nearly half of the increase in global power generation by 2035, with variable sources, notably wind and solar making up 45% of the expansion, the IEA said in its annual World Energy Outlook report. “The good news for China playing an active role in developing renewable energy is that it will help decarbonize the global energy system,” said Fatih Birol, IEA Chief Economist, in an interview with China Daily. “The main challenge for global renewable energy today is that it is costly. If China builds a lot of renewable energy projects, it will help bring down the cost and enable it to compete with traditional sources of energy, namely coal and gas,” he said. Earlier reports said that China plans to invest CNY1.85 trillion in the renewable energy sector as part of its effort to curb the increasingly serious air pollution. The country has pledged to increase the non-fossil energy consumption to 15% of its energy mixture by 2020, according to the National Development and Reform Commission (NDRC). Nevertheless, the IEA report forecast that China will continue to dominate the global energy demand for traditional energy sources because it has become the world’s largest oil importer. China’s consumption of coal will peak in 2020 and become stable as a result of improved energy efficiency and stabilized economic growth. India will replace China as the world’s largest importer of coal by the early 2020s, it added.
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