China poised to seize clean tech crown

China’s position as one of the world’s pre-eminent clean tech hubs was underlined yesterday, with the release of a major new report from The Climate Group arguing that the country has already secured a lead over many of its global rivals in the race to develop and implement low-carbon technologies.

The report, which updates a similar study from last year, concluded that despite the onset of the global recession, Chinese clean tech firms are continuing to record impressive growth, aided in no small part by the government’s decision to focus much of its $585bn (
The study found that while the Chinese government is resisting international calls to set carbon emission targets, it is delivering good progress against domestic targets to improve energy efficiency, having cut the energy intensity of the economy 60 per cent since 1980.

It also highlighted the leadership position China has secured in the renewable energy sector, producing about a third of the world’s photovoltaic (PV) solar panels each year and doubling wind energy capacity in 2008 to take fourth spot in the global league table.

Business Green