Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Politics : Rat's Nest - Chronicles of Collapse -- Ignore unavailable to you. Want to Upgrade?

To: Wharf Rat who wrote (9403)	8/12/2009 10:00:53 AM
From: Wharf Rat	Respond to of 24225

Beijing to Triple Use of Renewable Energy by 2010 (Update2) By Bloomberg News Aug. 12 (Bloomberg) -- Beijing, China’s second-largest city after Shanghai by population size, plans to triple the use of renewable energy including wind power by 2010 from 2005 to help fight pollution and climate change. Renewable energy will account for 4 percent of the city’s total consumption by next year and 6 percent by 2020, the Beijing Municipal Development and Reform Commission said in a statement handed out to reporters at a briefing today. China plans to invest at least 100 billion yuan ($14.6 billion) to more than double its wind-power capacity by 2010 from last year. Beijing, whose population exceeds 17 million, will boost the use of renewable energy to 2.6 million metric tons of coal equivalent by next year and 7.2 million tons by 2020, the city’s economic planning body said in the statement. The air quality in Beijing improved in July compared with previous years as highly polluting vehicles were being phased out while the government stepped up environmental checks at construction sites, the Beijing Municipal Environmental Protection Bureau said in a monthly air quality report. There were 25 days last month when the city’s air quality met the bureau’s standards, one day more than the average recorded for July in the years since 2000, the report said. China became the world’s largest emitter of greenhouse gases from burning oil and coal in 2006, followed by the U.S., Russia, India and Japan, according to U.S. Department of Energy data compiled by Bloomberg News. China aims to reduce the energy used per unit of gross domestic product by 20 percent in the five years through 2010. Cleaner-Burning Gas PetroChina Co. and the Beijing government plan to build a third natural-gas pipeline linking a field in Shaanxi province with the Chinese capital to boost supplies of the cleaner- burning fuel to the city, Wang Haiping, deputy director and spokesman at the Beijing Municipal Development and Reform Commission, told reporters today. China aims to increase the use of natural gas to 10 percent of total energy consumption by 2020 from about 3 percent. The country also plans to boost its solar generation capacity to 10 gigawatts by 2020 from a previous target of 1.8 gigawatts. To contact the Bloomberg News staff on this story: Ying Wang in Beijing at ywang30@bloomberg.net Last Updated: August 12, 2009 01:26 EDT bloomberg.com