If it wasn't for the misguided inclusion of nuclear power as "green", China's plan for clean energy production would be highly commendable; still, they are facing major hurdles created by growth and pollution, and are proposing and developing a myriad of green power technology solutions to tackle these requirements.
The following article on alternative energy in China was posted today April 20,2009 to the Wall Street Journal Environmental Capital Blog:
Behind the Green Wall: China’s Clean-Energy Challenge
Posted by Keith Johnson
Does China illustrate the promise of clean energy or the Sisyphean task it faces? Put another way, will the U.S. crib from China, or will it be the other way around?
China is undoubtedly plowing ahead with its green revolution. As noted in a new report by the Center for American Progress, China is spending $12.6 million every hour on “green” stimulus plans. That amounts to about $220 billion over the next two years—roughly twice as much as the U.S. has earmarked for clean-energy stuff in the same period. Since the Chinese economy is smaller, its green bet is proportionally much bigger.
The green milestones are coming fast and furious. Beijing finally acknowledged a badly-kept secret and announced that China’s official wind power goal for 2020 is now 100 gigawatts, more than three times the previous official target. (The whole world today has 120 gigawatts of wind power; China has 12 gigawatts.)
If nuclear power is considered green—since it doesn’t emit greenhouse gases—chalk up another: China plans to fast-track the construction of five new, third-generation nuclear plants and make them operational in record time. China now aims for at least 60 gigawatts of nuclear power, up from 9 gigawatts today.
Full online article about clean energy industry in China 2009
China vs US for global solar energy leadership; 8 top Chinese solar stocks
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Monday, April 20, 2009
Sunday, April 5, 2009
Joe College Announces Rock Against OCN 2010
A series of Rock Against Oil Coal Nuclear concerts are being scheduled for the summer of 2010 in Canadian cities such as Toronto and Vancouver. The brainchild of classic punk rock singer Joe College, the events are designed to promote clean energy generation and global cooling initiatives such as reforestation.
Joe proposes a 100% reduction of coal and nuclear usage for electricity generation within 7 years; 50% within 3 years. For oil, Mr. College is promoting a 100% reduction as vehicle fuel within 12 years, 50% within 7 years.
Joe College was an organizer of the original Rock Against Radiation protests in 1979 and 1980, concerts which featured DOA, The Viletones, Young Canadians, Subhumans, Joe College and The Rulers, Forgotten Rebels, Pointed Sticks and more.
Original Joe College Punk Rock website
Joe proposes a 100% reduction of coal and nuclear usage for electricity generation within 7 years; 50% within 3 years. For oil, Mr. College is promoting a 100% reduction as vehicle fuel within 12 years, 50% within 7 years.
Joe College was an organizer of the original Rock Against Radiation protests in 1979 and 1980, concerts which featured DOA, The Viletones, Young Canadians, Subhumans, Joe College and The Rulers, Forgotten Rebels, Pointed Sticks and more.
Original Joe College Punk Rock website
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WARNING: Investing in common equity of public companies is a high risk, high potential reward activity. Owning investments in individual alternative energy companies is for high risk investors only, and medium risk investors should consider green mutual funds, clean energy funds, renewable power index funds and other sector plays. Even then, these should be owned as part of a widely diversified portfolio. There is a gathering mania for investing in publicly-traded alternative energy companies, similar to the computer, technology, internet and banking / real estate booms of the past two decades. There will be some nasty corrections along the way, and some years from now when they come crashing down en masse, the world will still benefit from all the amazingly advanced clean and efficient energy technology created during the bull run. (Above note re-written March 2009 as my earlier prediction of a market top and a crash in the sector starting in August '09 was hastened by the credit markets collapse and began in August 2008, before the bubble had fully formed. Of all the sectors in the equity markets, clean energy has the best prospects to assume market leadership and public favour; we are bouncing aong the bottom still, and those who have followed our guidance to begin including (in a judiciously blended portfolio of cash, bonds, stocks and yes, um... real estate) green energy investment funds dollar-cost-averaging programs in Winter and Spring of 2009 are well positioned for longterm capital growth.)
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