4 August 2008 | Luca Del Buono

 

In order to meet its target of increasing the percentage of energy from low carbon technologies from 8% in 2006 to 15% by 2020, China is expected to invest an average of $33bn annually for the next 12 years.

This was going to result in China becoming the leading investor by the end of 2009, Ms Wu forecast.

Figures within the report showed that China was already the leading producer in terms of installed renewable generation capacity.

It has the world's largest hydroelectricity capacity since the controversial Three Gorges project began producing electricity, and the fifth largest fleet of wind turbines on the planet.

Although its installed capacity of photovoltaic (PV) panels is still relatively low, it is already a leading manufacturer of solar panels.

Ms Wu explained that the rapid growth of the sector was being driven by both government and business.

"In order to really drive towards a low carbon economy, policy incentives are crucial; but it is not always the case," she said.

"The wind sector's fast growth was mainly a result of domestic policies, because the government offered incentives to developments so that private and public sector entrepreneurs would jump on it.

"But the solar PV sector benefitted mainly from the international market, such as demand from the US and EU.

"Even today, the policy incentives are still not there, yet it still has grown to the level it is now."

Lingering legacy

However, despite the advances in low carbon technology, the legacy of rapid economic growth, which was primarily fuelled by burning coal, has been soaring greenhouse gas emissions.

Smog at Beijing's Olympic Stadium

Filthy air conundrum

In the final days before the opening ceremony of the Olympic Games in Beijing, there has been growing international concern over the air quality in the Chinese capital as the world's top athletes begin to arrive.

Organisers of the Games had promised that the city's notorious pollution would be cleaned up, so failure to deliver would be seen as an embarrassing environmental shortcoming.

City officials said that they would introduce emergency measures, such as banning the use of private cars and closing some factories, if conditions did not improve.

Although Beijing's troubles are currently under the media spotlight, air quality is a nationwide problem. According to figures from the World Bank, 20 of the planet's 30 most polluted cities are in China.

"In terms of total emissions, China is already the world's biggest emitter," Ms Wu said. "That's publicly available information, even the government is not denying it anymore.

"But if you look at emissions on a per capita basis, we are not the biggest emitters because we have 1.3bn people."

The report suggests that if China's population emitted as much as US citizens, its total emissions would be roughly equivalent to those of the entire planet's human activity.

"But just looking at numbers does not help tackle global climate change," Ms Wu added.

"In China, we are concerned about the speed of growth in emissions; it is really scary."

Read full article on the BBC News website

Source: BBC News website

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