Challenges and risks of renewable energy use in China
0 Comment(s)
Print
E-mail CNTV, July 12, 2014
At this year's annual Eco Forum Global Conference in southwest China's Guiyang city, developing and investing in a green economy was the key issue for many discussion panels. CCTV reporter Liu Yang had the chance of talking to the Prosperity Consular of the British Embassy in Beijing, who was attending the conference, about the challenges and risks for investing in clean energy in China.
"In 2013, China spent a total of 56 billion dollars on wind, solar, and other renewable energy projects, which accounted for 60 percent of the total investment in renewable by developing countries. What are the main concerns when such bullish move happens in the energy industries in China?" Liu said.
"I think a lot of the people do looking at the risk, so on the wind, for example, people worry about getting the electricity on to the grid, when talk about the solar, lots of the companies got bankrupted, both of the issues needs to be addressed, but I think they are being addressed, I should say we should not forget what China have done to global energy is a global significance, it is not just the largest investors in renewable energies in developing countries, it is the largest investors of the world driven down the cost of the renewable, including the solar to such huge investors and revolutionized into the solar, the global market in renewable energy," said the Prosperity Consular John Edwards.
"One of the hot topics people discussed during the forum was clean energy use in small sized municipalities, what is the top challenge or risk for developing clean energies in mega cities?" said Liu.
"All of your urbanization planning and energy planning has to be integrated, if you talk about a city has 20 million people, which growing 1 million people every 5 years, like Beijing, shanghai, and Chongqing, that is extrememly challenge and difficult, I think in China local government and government is doing a good stuff, and again it is an opportunity here. One of the things we are doing in the UK, for example in London… because Chinese companies providing the cheapest solar PV in the world," John Edwards said.
Go to Forum >>0 Comment(s)