China to surpass clean-energy goals by 2020
Tuesday, September 19th, 2006
U.K.-based research firm New Energy Finance has come out with a report focused on China’s clean energy industry and how it’s expected to progress between now and 2020. Among its many conclusions:
* Renewable energy will supply 19 per cent of China’s energy needs by 2020 but it will take 50 per cent more investment than Chinese authorities have budgeted for – i.e. roughly $267 billion (U.S.). The 19 per cent figure is higher than the government’s own target of 15 per cent (as set by the National Development and Reform Commission).
* Biofuels will meet 9.1 per cent of transportation fuel needs over that time, conservation efforts will take off, and as much as 54 gigawatts of wind power — compared to the government’s own 30 gigawatt target — will be supplied.
* China will also make a major push into refining its own solar-grade silicon, and it will install 5.3 gigawatts of solar PV capacity compared to the NDRC’s lower target of 2 gigawatts.
* Biomass power generation will rise from 2.3 gigawatts today to 27 gigawatts, and marine energy (tital and wave power) will even contribute 3 gigawatts.
* Surprisingly, New Energy Finance does not expect hydrogen and fuel cell technologies to move beyond demonstration phase to substantial commercial rollouts before 2020. I say “surprisingly” because China is often considered the first place where hydrogen and fuel-cell technologies will see mass deployment.
“It is common for commentators to regard China and its dramatic economic growth as part of the world’s climate change problem, not part of the solution,” said New Energy Finance chief executive Michael Liebreich in a statement. “China’s growth is allowing it to invest enormous sums in clean energy. We see the Chinese government as more committed than most Western governments — both to rolling out clean energy aggressively domestically and also to building an export industry.”


Tyler Hamilton is senior energy reporter and columnist for the Toronto Star, Canada's largest daily newspaper. In addition to this Clean Break blog, Tyler writes a weekly column of the same name that discusses trends, happenings and innovators in the cleantech market. This blog is a personal project started in April 2005. It is not an official blog of the newspaper.