China's renewable energy development has stepped onto the fast
track, said Shi Dinghuan, Chief Director of Chinese Renewable
Energy Society at the World Solar Energy Congress 2007 held in
Beijing from September 18 to 21.
Participants agreed that as oil and other fossil energy face
exhaustion due to increasing demands and as increasing greenhouse
gas emissions continue to warm up the globe, the development of
renewable energy resources becomes a mandatory choice for China's
The country will adopt both policy and market tools to boost
renewable energy development, said Shi. Compulsory market shares,
increased government investments, fund raising in the capital
market and government procurement are all among the measures the
nation will take to develop a sustainable and stable renewable
energy resource market and to advance the research and development
of renewable energy technologies.
The nation plans to raise the ratio of renewable energy in total
energy consumption to 15 percent by 2020, compared to 8 percent
now, Chen said.
For more details, please read the full story in Chinese
(China.org.cn September 19, 2007)