16 Jan '12, 10am

China

Chinese premier Wen Jiabao today insisted the country is working "vigorously" to advance clean energy, but insisted fossil fuels are not going to be phased out any time soon. Wen told the World Future Energy Summit in Abu Dhabi that China has increased its share of renewable energy to 11.4 per cent in 2011, compared to 8.4 per cent in 2010. FURTHER READING Swiss-German investors announce $2bn Oman solar project Solar boat launches World Future Energy Summit 2012 The increase puts the country on track to meet its ambitious five-year plan, which also includes a target to deliver a 17 per cent drop in energy intensity by 2015. Wen added that China's hydropower capacity hit 200GW in 2011, making it the planet's largest producer of hydro energy. He also argued that the 47GW of wind energy and 3GW of solar power capacity added over the past 12 months make China the world's faste...

Full article: http://www.businessgreen.com/bg/news/2137653/wen-jiabao-c...

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