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Home Topics in Depth Science And Environment China to plow $361 billion into renewable fuel by 2020

  • Achilles 6630507 (153 posts)
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    China to plow $361 billion into renewable fuel by 2020

    China will plow 2.5 trillion yuan ($361 billion) into renewable power generation by 2020, the country’s energy agency said on Thursday, as the world’s largest energy market continues to shift away from dirty coal power towards cleaner fuels.

    The investment will create over 13 million jobs in the sector, the National Energy Administration (NEA) said in a blueprint document that lays out its plan to develop the nation’s energy sector during the five-year 2016 to 2020 period.

    The NEA said installed renewable power capacity including wind, hydro, solar and nuclear power will contribute to about half of new electricity generation by 2020.

    The agency did not disclose more details on where the funds, which equate to about $72 billion each year, would be spent…snip

    …The spending comes as the cost of building large-scale solar plants has dropped by as much as 40 percent since 2010. China became the world’s top solar generator last year…snip full article: http://www.reuters.com/article/us-china-energy-renewables-idUSKBN14P06P

    Meanwhile, the US will spend around $200 MILLION DOLLARS in the NEXT 24 HOURS chasing a bunch of rebels around sand dunes 8,000 miles away. This spending will never benefit 99% of Americans. The biggest ripoff in history, right in front of everyone. Complete with a grinning Nobel Peace Laureate leading the charge.

    Every HOUR taxpayers are paying $8.36 MILLION DOLLARS for Total Cost of Wars since 2001. Source and documentation of numbers:  http://costofwar.com

    Eggar, arendt, Bearian and 2 othersMom Cat, Fasttense like this

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  • Mom Cat (15002 posts)
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    1. They are way ahead of us in switching to renewables. If the human race survives

    global warming it will be because of what China is doing, not us.