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Monday, April 20, 2009

China Looks to Solar, Wind, Geothermal and green fuels

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

10 comments:

Aleks Kos said...

A basic solar installation from a retailer can take 30 years to pay back and cost you well over $20,000?
I just made my own solar panel. It was so simple and looks just like a bought panel.
I managed to build 4 solar panels for under $200!

For more datailed information please visit: http://tinyurl.com/ygcsoay

mikesac said...

Going to be a very beneficial move indeed.There are many countries who are concentrating on alternative energies and thus trying to save the scarce resources and also save the nature from further harm.
Five Towns Air Conditioning & Vent Cleaning

mikesac said...

Renewable energy is going to be beneficial for all.the costs are low when using solar energy and also the nature can breathe better.The other power sources are so scarce that there is a need to look into these options seriously.
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Unknown said...

great information
carbon trading market

Steve said...

Solar installation appears to still be very expensive.
stock picks

Anonymous said...

It is very informative and intresting blog.

alternative energy investments

http://www.alternativeenergyinvestments.ca/

Unknown said...

This post is very informative. China makes a commendable move towards the alternative energy resources. Many Countries plans to make a move towards alternative energy resources. We should keep promoting the Companies which provide power plant management services.

Blogger said...

There's a chance you are qualified for a new government sponsored solar rebate program.
Click here and find out if you're qualified now!

Unknown said...

The Solar Power is considered as the new energy for us and it is green power for the environment. We should encourage more people using it in the life.
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Solar Power Installation Companies

ADMIN said...

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Do you have any tips on how to get listed in Yahoo News?
I’ve been trying for a while but I never seem to get
there! Appreciate it
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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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