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Related: About this forumChina Set to Vigorously Develop Green Economy
China Set to Vigorously Develop Green Economy
By Liu Yuanyuan, Contributor
February 1, 2012
BEIJING -- Due to growing urbanization and resulting environmental threats, China has invested nearly US$50 billion annually into its renewable energy sector since 2009. China's five-year investment in environmental protection is on track to reach 3.1 trillion yuan (US$454 billion). By 2015, its environmental protection industry is expected to top 2 trillion yuan (US$317 billion).
China will introduce favorable tax and financial policies to support the development of its green economy, according to its 12th five-year plan, which started last year. A strong green policy is essential if China is to maintain its rapid and sustainable growth. "China will build a good fund raising environment for companies to develop green technologies by establishing green technology investment and related equity funds," said Wang Yuqing, deputy director of the Committee of Population, Resources and Environment of the CPPCC National Committee.
The transition to a global green economy may generate a large market exceeding US$1 trillion. During the 12th five-year plan period, the Chinese government will invest US$468 billion in green sectors compared to US$211 billion over the previous five-year period, with a focus on three sectors: waste recycling and re-utilization; clean technologies; and renewable energy. With this amount of public investment, China's environmental protection industry is expected to continue growing at an average of 15 to 20 percent per year, and its industrial output is expected to reach US$743 billion, up from US$166 billion in 2010. The multiplier effect of this emerging sector is estimated to be 8 to 10 times larger than other industry sectors.
However, Chinese green companies, especially privately-held ones, are facing difficulties in gaining support from capital markets and depend mainly on funds and subsidies provided by the government. Industry experts are advising these companies to seek funding sources outside of the country, including sovereign investment and national funds. The Swiss government, for example, has established funds to support the development of the low carbon sector in China.
During the recent ...
By Liu Yuanyuan, Contributor
February 1, 2012
BEIJING -- Due to growing urbanization and resulting environmental threats, China has invested nearly US$50 billion annually into its renewable energy sector since 2009. China's five-year investment in environmental protection is on track to reach 3.1 trillion yuan (US$454 billion). By 2015, its environmental protection industry is expected to top 2 trillion yuan (US$317 billion).
China will introduce favorable tax and financial policies to support the development of its green economy, according to its 12th five-year plan, which started last year. A strong green policy is essential if China is to maintain its rapid and sustainable growth. "China will build a good fund raising environment for companies to develop green technologies by establishing green technology investment and related equity funds," said Wang Yuqing, deputy director of the Committee of Population, Resources and Environment of the CPPCC National Committee.
The transition to a global green economy may generate a large market exceeding US$1 trillion. During the 12th five-year plan period, the Chinese government will invest US$468 billion in green sectors compared to US$211 billion over the previous five-year period, with a focus on three sectors: waste recycling and re-utilization; clean technologies; and renewable energy. With this amount of public investment, China's environmental protection industry is expected to continue growing at an average of 15 to 20 percent per year, and its industrial output is expected to reach US$743 billion, up from US$166 billion in 2010. The multiplier effect of this emerging sector is estimated to be 8 to 10 times larger than other industry sectors.
However, Chinese green companies, especially privately-held ones, are facing difficulties in gaining support from capital markets and depend mainly on funds and subsidies provided by the government. Industry experts are advising these companies to seek funding sources outside of the country, including sovereign investment and national funds. The Swiss government, for example, has established funds to support the development of the low carbon sector in China.
During the recent ...
http://www.renewableenergyworld.com/rea/news/article/2012/02/china-set-to-vigorously-develop-green-economy?cmpid=SolarNL-Thursday-February2-2012
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China Set to Vigorously Develop Green Economy (Original Post)
kristopher
Feb 2012
OP
FBaggins
(26,739 posts)1. Including nuclear power of course.
They (correctly) consider that "green" even if you don't.
kristopher
(29,798 posts)2. Can you document that?
FBaggins
(26,739 posts)3. You don't call the most agressive expansion of nuclear power in the history of the world "vigorous"?
That's an odd perspective.
kristopher
(29,798 posts)4. IOW the OP does not include nuclear power.
FBaggins
(26,739 posts)5. So? The OP doesn't...
...China does.
AndyTiedye
(23,500 posts)6. Glowing Green Isn't Quite What We Had In Mind
FBaggins
(26,739 posts)7. Ah... but the "we" that matters here is the Chinese.
But full points for a creative comeback!