TITLE

Timely Boost for Renewables in China

AUTHOR(S)
Raymont, Mark
PUB. DATE
February 2006
SOURCE
Journal of Energy & Natural Resources Law;Feb2006, Vol. 24 Issue 1, p120
SOURCE TYPE
Academic Journal
DOC. TYPE
Article
ABSTRACT
This article reports that the renewables law is set to turn China into a global heavyweight in the future development of the renewable energy sector. China's energy consumption is expected to top three billion tons of standard coal by 2020, according to a estimate. The Chinese government is devising a comprehensive renewable energy strategy for making power generation from renewable energy sources competitive, on an economic basis, with coal-fired power plants in supplying electricity to large-scale power grids, to deal with the constraints. The government has recognized that it will need to make significant progress in saving energy, optimizing the nation's energy structure and developing renewable energy to avoid environmental/ecological damage and power deficits from hampering economic and social development. The World Bank has recently approved a loan of US$87 million to China for the financing of the Renewable Energy Scale-up Program for China, to assist the Chinese government in implementing its strategy.
ACCESSION #
20416035

 

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