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China Aims to Spend at Least $360 Billion on Renewable Energy by 2020
Source: NY Times
Read more: http://www.nytimes.com/2017/01/05/world/asia/china-renewable-energy-investment.html?hp&action=click&pgtype=Homepage&clickSource=story-heading&module=first-column-region®ion=top-news&WT.nav=top-news&_r=0
This is why china will be the next super power and we will be looked down on as a failure.
Source: NY Times
China intends to spend more than $360 billion through 2020 on renewable power sources like solar and wind, the governments energy agency said on Thursday.
The agency said in a statement that China would create more than 13 million jobs in the renewable energy sector by 2020, curb the growth of greenhouse gasses that contribute to global warming and reduce the amount of soot that in recent days has blanketed Beijing and other Chinese cities in a noxious cloud of smog.
Even the headline-grabbing numbers on total investment and job creation may understate what is already happening on the ground in China. Greenpeace estimates that China installed an average of more than one wind turbine every hour of every day in 2015, and covered the equivalent of one soccer field every hour with solar panels.
Read more: http://www.nytimes.com/2017/01/05/world/asia/china-renewable-energy-investment.html?hp&action=click&pgtype=Homepage&clickSource=story-heading&module=first-column-region®ion=top-news&WT.nav=top-news&_r=0
This is why china will be the next super power and we will be looked down on as a failure.