China Sets Renewable Energy Quota for Power Companies
BEIJING - China has told power companies that 5 percent of their electricity will have to come from renewable energy sources by 2010, as the country tries to diversify away from fossil fuels to power its fast-growing economy, a news report said Friday.
Zhang Guobao, vice-minister of China's top economic planning body, said the quota would increase to 10 percent by 2020, according to the China Daily newspaper. Wind and solar power are included but nuclear and hydropower are not, Zhang said.
"Although the proposed percentage might not sound like a big number, it will mean a substantial increase for China and it will boost the use of these new energies," Zhang said.
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Removal of the ban came as pressure mounts on city administrators to tackle horrible traffic congestion, air pollution and possible fuel supply, caused to a large extent by a rapidly growing number of cars on the road. PHOTO: First snow in Beijing Dec. 31, 2005, courtesy of China Daily.
In the first 10 months of 2005, China's exported autos increased 133.6 percent year on year. For the first time, auto exports exceeded the import by 7,000 units, including 105 electric cars exported to the U.S. Photo of Miles ZX-40, an electric car it plans to import from China.
Chinese vehicles will be a threat to established U.S. auto sellers because vehicles from China are likely to be much cheaper than those from Europe, Japan or North America.
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