• Welcome to engineeringclicks.com
  • China tops global clean energy table

    Discussion in 'Mechanical Design news & events' started by bw2011, Mar 31, 2011.

    1. bw2011

      bw2011 Forum Manager

      Joined:
      Feb 2011
      Posts:
      53
      Likes Received:
      0
      China remains the world's leading investor in low-carbon energy technology, a global study has shown.

      http://www.bbc.co.uk/news/science-environment-12895157

      The table, published by the US Pew Environment Group, showed that the Chinese invested $54.4bn (£34.1bn) in 2010, up from $39.1bn in 2009.

      While the US saw investment increase by 51% to $34bn, it still slipped from 2nd to 3rd in the ranking, behind Germany's $41.2bn.

      However, the UK slipped outside the top 10 as investment fell by 70% in 2010.

      Globally, the sector - which does not include nuclear power - attracted $243bn of investment, a 30% increase from 2009 and a whopping 630% rise since 2004.

      The authors also said that 40 gigawatts (GW) of wind and 17GW of solar energy were installed during 2010, taking the global clean power capacity to 388GW.

      Clean energy investment top 10


      [​IMG]

      The report Who's Winning the Clean Energy Race, using data compiled by Bloomberg New Energy Finance, examined the clean energy sector's investment and technological trends in the G20 leading economies.

      "Looking at global trends, the solar sector experiences the strongest growth among the various technologies," observed Michael Liebreich, chief executive of Bloomberg New Energy Finance.

      "Declining prices and generous government support in key countries helped the solar sector achieve 40% of total clean energy investment in 2010," he added.

      The report outlined that as well as attracting the most investment, China was also the world's leading producer of wind turbines and solar energy units.

      The authors also pointed out that the country in 2009 overtook the US as the nation with the most installed clean energy capacity.

      In terms of year-on-year growth, Argentina topped the rankings as it saw investment grow by 568% in 2010 compared with 2009.

      Regionally, Europe remained the largest recipient of investment, attracting $94.4bn of investment. Asia/Oceania was the second most attractive region for investors, securing $82.2bn.

      Explaining the UK's slip in the rankings, Mr Liebreich suggested that it was a result of "policy uncertainty during a substantial part of the year".

      In May, the UK general election resulted in a coalition government involving the Conservative Party and the Liberal Democrats. However, the deal was only struck after five days of intensive negotiations.

      "With a new government in the UK, investors appear to be waiting on the sidelines until there is more certainty in the market," suggested Phyllis Cuttino, director of Pew's Clean Energy Program.

      "Our research consistently demonstrates that strong policies attracts investments," she added.

      "Nations like China, Germany and India, which all saw increases, were attractive to financiers because they have national policies that create long-term certainty for investors."

      Looking ahead to this year, Mr Liebreich said that he expected to see a slowing in the growth rate of investment in clean energy, yet he did expect to see a marked increased in generation capacity.

      "Another thing worth watching is new technologies coming through," he told reporters.

      "There was a surge in venture and private equity investment during 2005-08; and those companies have been under the radar because of the (economic) crisis. But you are now starting to see companies that have survived the difficult years... establish some commercial scale in their activities."

      He concluded by saying that there had been a number of "black swans rocking the energy sector", such as the unrest in Middle Eastern nations and the aftermath of the Magnitude 9.0 earthquake in Japan.

      "These things do change the landscape for clean energy," Mr Leibreich said.

      "It is hard to recall the last time that clean energy caused a catastrophe of any magnitude. As thoughts about risk pervades policymakers' and investors' thinking, you are likely to see another strand of support for the clean energy industry."
       
    2.  
    3. xmechanic

      xmechanic Active Member

      Joined:
      Jan 2011
      Posts:
      37
      Likes Received:
      0
      That seems insane, I'm gonna need some proof.
       
    4. Pete

      Pete Well-Known Member

      Joined:
      Sep 2009
      Posts:
      226
      Likes Received:
      1
      I'm curious about this... China gets a whole load of bad press for being one of the major green house gas emitters... but here is also topping the table for using green energy installations. So... how is that figure worked out? As a measurement of the actual energy produced? In which case there still could be a massive amount of bad stuff being put into the atmosphere. And i wonder how much of the co2 produced is a result of making all these wind turbines for the rest of the world!

      If that isn't, i'd be curious to see one based on percentage of output, or something based against population size...
       
    5. GarethW

      GarethW Chief Clicker Staff Member

      Joined:
      Jul 2009
      Posts:
      1,424
      Likes Received:
      5
      If you do it by population size then the UK ($53/person) invested more than China ($40/person)
      It would be fun to calculate the other countries to see how that changes things.
       
    6. bw2011

      bw2011 Forum Manager

      Joined:
      Feb 2011
      Posts:
      53
      Likes Received:
      0
    7. bw2011

      bw2011 Forum Manager

      Joined:
      Feb 2011
      Posts:
      53
      Likes Received:
      0
      In terms of spending per capita - we need to also consider the buying power of the dollar in the respective countries. US Dollar will buy a lot more in China than in the US... Consider Purchasing power parity (PPP).

      For instance, here's List of countries by future GDP (2011) (PPP) estimates:

      No. 1 is the EU - $15,605bn
      No. 2 is the US - $15,157bn
      No. 3 is CHINA! - $11,195bn
      No. 4 is Japan - $4,430bn
      No. 5 is INDIA - $4,392bn

      This differs a lot from the List of countries by future GDP (2011) (nominal) estimates:

      No. 1 is the EU - $16,452bn
      No. 2 is the US - $15,157bn
      No. 3 is CHINA - $6,422bn (in other words, the US Dollar is worth almost twice as much in China than in the US! 2.7 times more.)
      No. 4 is Japan - $5,683bn
      No. 5 is Germany - $3,358bn
      INDIA is only No. 12 - $1,598bn (i.e. the US Dollar is worth 2.7 times more in India than in the US)

      :!: Basically, if the figures in the report are correct, China is *well ahead* of everyone else in terms of Clean Energy investment.
       
    8. maniacal_engineer

      maniacal_engineer Well-Known Member

      Joined:
      Jul 2009
      Posts:
      137
      Likes Received:
      0
      " Who's Winning the Clean Energy Race"

      What does the winner get?
       
    9. sarapase

      sarapase New Member

      Joined:
      Apr 2011
      Posts:
      1
      Likes Received:
      0
      is there any kind of proof of this info?? I mean china can be on first number but can UK come at the end as far its concern with clean energy?? the energy concern should be the prime priority of every country....as I read the importance of it over here:

      http://www.greenmeetingguide.com/
       
    10. appypaddy

      appypaddy New Member

      Joined:
      Feb 2012
      Posts:
      2
      Likes Received:
      0
      China is also "investing" in other products that nobody wants, such as empty malls and cities. All products of rampant inflation.

      The last thing we need is more budget-busting subsidies for green technology.
       

    Share This Page