Alternate Energy China: Renewable Energy Law sets 10% Target
The law, which will come into force early next year, seeks to increase the usage of solar and wind power to 10% of China's total consumption by 2010. This would equate to around 60 gigawatts.
However, while the new law has been welcomed, it has been suggested that the targets are over ambitious.
Rising oil prices and concerns over environmental damage prompted the move.
At present China relies on coal for most of its power, mining 1.8bn tons in 2004.
By fixing prices for electricity from solar and wind generated power, the government hopes to create financial incentives for existing operators and attract investment to these new markets.
But while there has been rapid expansion in the sustainable energy sector, it currently provides only a fraction of China's needs.
Currently wind power in China only contributes 0.01% to the power grid. To increase that to 10% in five years is ambitious, but in my opinion it's a target well worth aiming for. If China takes the same relentless attitude to pushing down the costs of wind turbine manufacture as it does with consumer goods the benefits may be realised around the world.
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