China Sets 10 Percent Renewable Energy Goal By 2020
BEIJING, May 26 (Xinhuanet) -- China will increase the use of renewable energy until it accounts for 10 percent of the country'stotal energy consumption by the year 2020, said experts at the China Energy Strategy Higher Level Forum here Thursday.
Hu Runqing, researcher with the energy research institute of the State Development and Reform Commission, said China is set to boost the development of renewable energy resources to an equivalent of 300 million tons of coal by 2020.
By that time, she said, the installed capacity of power plants fueled by renewable energy resources would account for 30 percent of the nation's total, and more than 40 percent by 2030. Currently,the figure is about 3 percent.
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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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