China, having to use what the once industrial nations used to build their economies, looks to be taking the alternatives energy needs to heart, already rapidly expanding on what once was developed, by us in the U.S. till we allowed the special interests to block development, innovation and growth in that much needed economic industry, and improving on that as well as incorporating into new construction needs and R&D investments as they move forward with their rapid economic growth. Job growth needs will continue!
January 22, 2012 - At the just concluded 5th Annual World Future Energy Summit in Abu Dhabi, China’s Premier Wen Jiabao made a speech outlining China’s efforts to adopt clean technology and renewable energy.
But, noted that China’s coal dominated energy structure will be very difficult to change anytime in the near future. China is a big country with a low per capita income that requires a large amount of energy to support its ongoing industrialization and urbanization.
China’s energy demand during its urbanization and industrialization will be huge and increase rapidly.
China’s urbanization rate will rise to about 62% by Y 2020, implying a net increase in the urban population of about 300-M.
Estimates indicate that the energy consumption of China’s urban citizens is about 3.5 to 4 times that of rural citizens on average.
Urbanization also requires huge quantities of cement and steel, which can only be produced in China, as no other country can produce the quantities needed. So, before Y 2020, China’s economic structure will have low energy efficiency, high energy consumption and high emissions.
That said, and with China’s growing need for foreign Crude Oil, as well as its increasing coal consumption, China has strong motivation to exploit new energy, in an effort to guarantee its energy security and to address environmental problems. read more>>>