China To Spend 180 Billion Dollars To Boost Renewable Energy Use

China said Monday it would spend about 180 billion dollars over the next 15 years to increase its use of renewable energy to 15 percent of the total generated, from the current seven percent.
Zhang Guobao, vice minister of the National Development and Reform Commission (NDRC), revealed the plan at an international conference on renewable energy in Beijing, the state news agency reported.

"Renewable energy, including solar, wind power and hydropower, will contribute to better energy security in China," said Zhang. "It also delivers substantial economic and environmental results, alleviating poverty."

In the coming 15 years China will develop biomass energy, which stems from plant and animal matter, and hopes to replace ten million tons of petroleum with renewable energy annually, Zhang said.

China also plans to expand the heat collection area of solar heaters to 300 million cubic meters (390 million cubic yards) by 2020, replacing the use of about 40 million tons of standard coal each y

http://www.terradaily.com/news/energy-tech-05zzzzzzzzc.html

or less.

Not too shabby...

china is buying german made wind mills until their own industry can build them . the farm will cover hundreds of sg miles in northern china.yup every industrialized nation is going to be so far ahead of us because of 8 years of disinvestment in our country.

Then they'll want the taxpayers to bail out the poor ol' oil companies who are going bankrupt.

No thanks. The Dems should be all over this one.

.... and other kinds of security, as well. :eyes:


"Renewable energy, including solar, wind power and hydropower, will contribute to better energy security in China," said Zhang.