Chinese Enterprise Shining International Solar Top Exhibition Seeks Business Opportunities in North
Renewable energy is gaining popularity in China. China's investment in solar energy, wind energy, and other clean energy technologies has surged from $8 billion in 2005 to $103 billion in 2015. China currently invests more funds in developing renewable energy than the United States and Europe combined.
According to a report on the website of New Scientist on September 13th, most of these investments are aimed domestically, but China is now focusing on selling its green technology to other countries. While promoting the "America First" strategy and praising the "beautiful clean coal", China is seeking ways to work with other countries to address climate change.
The report states that China is well suited to take the lead in promoting the development of clean energy. Its manufacturing strength is strong, which means it can produce millions of cheap solar panels and tens of thousands of wind turbines every year. Currently, five of the world's six largest solar panel manufacturers are located in China. Half of the top ten wind turbine manufacturers are in China. Greenpeace estimates that China can install at least one wind turbine per hour.
The report states that such capabilities have enabled Chinese companies to shift their focus to the international energy market in recent years. According to the World Resources Institute, from 2002 to 2012, China invested in at least 124 solar and wind energy projects in 33 countries. Since the "the Belt and Road" initiative was announced in 2013, the development of renewable energy projects has accelerated in countries participating in the initiative.
According to the report, China is also focusing on connecting to the green energy transmission network with neighboring countries. Last year, it launched talks with Russia, Japan and South Korea to discuss the establishment of a super large clean energy grid. This will allow these four countries to share their solar, wind, and hydro energy, and balance each other's clean energy supply when there is no sun or wind.
Ma Tianjie from China Foreign Dialogue, an independent environmental non-governmental organization based in Beijing, said, "In the past decade, the Chinese government has given strategic importance to investment in the clean energy sector because it believes it is the next industrial revolution - a revolution it wants to play a leading role in
The Institute for Energy Economics and Financial Analysis, located in Sydney, Australia, also believes so. He said, "China wants to dominate future industries, while the US and Australian governments want to dominate past industries
China's clean energy sector will eventually defeat its fossil fuel competitors for several reasons.
