China leads world in clean-tech production
2014-09-25
China is leading the world in vigorously growing clean-technology industry, an area that helps fight the planet’s climate change, the World Wildlife Fund for Nature reported.
Although Denmark earns the biggest share of its national revenue from producing windmills and other clean technologies, no country can match Chinas pace of growth in the clean-tech sector, the Fund said.
Chinas production of green technologies has grown by 77 per cent a year, said a report commissioned by the World Wildlife Fund for Nature, which was disclosed yesterday.
"The Chinese have made, on the political level, a conscious decision to capture this market and to develop this market aggressively," said Donald Pols, an economist with the WWF.
Denmark, a longtime leader in wind energy, derives 3.1 percent of its gross domestic product from renewable energy technology and energy efficiency, or about 6.5 billion euros. Nevertheless, China is the largest producer in money terms, earning more than 44 billion euros, or 1.4 percent of its gross domestic product, the report said.
The United States ranks 17th in the production of clean technologies with 0.3 percent of GDP, or 31.5 billion euros, but those industries have been expanding at a rate of 28 percent per year since 2008.
"The US is growing substantially, so it seems the policy of President Barack Obama is working," Pols said. But the US lags behind the rapid growth in China, he added.
"When you speak to the Chinese, climate change is not an ideological issue. Its just a fact of life. While we debate climate change and the transition to a low carbon economy, the debate is passed in China," Pols said.
"For them its implementation. Its a growth sector, and they want to capture this sector."
The report was prepared by Roland Berger Strategy Consultants, a global firm based in Germany. It gathered data on 38 countries from energy associations, bank and brokerage reports, investor presentations, the International Energy Agency and a score of other sources.
It measured the earnings from producing renewables such as bio-fuels, wind turbines and thermal equipment, and energy efficiency technology such as low-energy lighting and insulation.
"Clean technologies are really growing fast, but China is responsible for the majority of that growth," said Ward van den Berg, who compiled and analyzed the data for the consultancy firm.
Until recently, Chinese massive production of solar cells was aimed at the export market, but they are now making solar systems for the home market, as they have been doing for several years in wind energy, Van den Berg said.
China is leading the world in vigorously growing clean-technology industry, an area that helps fight the planet’s climate change, the World Wildlife Fund for Nature reported.
Although Denmark earns the biggest share of its national revenue from producing windmills and other clean technologies, no country can match Chinas pace of growth in the clean-tech sector, the Fund said.
Chinas production of green technologies has grown by 77 per cent a year, said a report commissioned by the World Wildlife Fund for Nature, which was disclosed yesterday.
"The Chinese have made, on the political level, a conscious decision to capture this market and to develop this market aggressively," said Donald Pols, an economist with the WWF.
Denmark, a longtime leader in wind energy, derives 3.1 percent of its gross domestic product from renewable energy technology and energy efficiency, or about 6.5 billion euros. Nevertheless, China is the largest producer in money terms, earning more than 44 billion euros, or 1.4 percent of its gross domestic product, the report said.
The United States ranks 17th in the production of clean technologies with 0.3 percent of GDP, or 31.5 billion euros, but those industries have been expanding at a rate of 28 percent per year since 2008.
"The US is growing substantially, so it seems the policy of President Barack Obama is working," Pols said. But the US lags behind the rapid growth in China, he added.
"When you speak to the Chinese, climate change is not an ideological issue. Its just a fact of life. While we debate climate change and the transition to a low carbon economy, the debate is passed in China," Pols said.
"For them its implementation. Its a growth sector, and they want to capture this sector."
The report was prepared by Roland Berger Strategy Consultants, a global firm based in Germany. It gathered data on 38 countries from energy associations, bank and brokerage reports, investor presentations, the International Energy Agency and a score of other sources.
It measured the earnings from producing renewables such as bio-fuels, wind turbines and thermal equipment, and energy efficiency technology such as low-energy lighting and insulation.
"Clean technologies are really growing fast, but China is responsible for the majority of that growth," said Ward van den Berg, who compiled and analyzed the data for the consultancy firm.
Until recently, Chinese massive production of solar cells was aimed at the export market, but they are now making solar systems for the home market, as they have been doing for several years in wind energy, Van den Berg said.
Although Denmark earns the biggest share of its national revenue from producing windmills and other clean technologies, no country can match Chinas pace of growth in the clean-tech sector, the Fund said.
Chinas production of green technologies has grown by 77 per cent a year, said a report commissioned by the World Wildlife Fund for Nature, which was disclosed yesterday.
"The Chinese have made, on the political level, a conscious decision to capture this market and to develop this market aggressively," said Donald Pols, an economist with the WWF.
Denmark, a longtime leader in wind energy, derives 3.1 percent of its gross domestic product from renewable energy technology and energy efficiency, or about 6.5 billion euros. Nevertheless, China is the largest producer in money terms, earning more than 44 billion euros, or 1.4 percent of its gross domestic product, the report said.
The United States ranks 17th in the production of clean technologies with 0.3 percent of GDP, or 31.5 billion euros, but those industries have been expanding at a rate of 28 percent per year since 2008.
"The US is growing substantially, so it seems the policy of President Barack Obama is working," Pols said. But the US lags behind the rapid growth in China, he added.
"When you speak to the Chinese, climate change is not an ideological issue. Its just a fact of life. While we debate climate change and the transition to a low carbon economy, the debate is passed in China," Pols said.
"For them its implementation. Its a growth sector, and they want to capture this sector."
The report was prepared by Roland Berger Strategy Consultants, a global firm based in Germany. It gathered data on 38 countries from energy associations, bank and brokerage reports, investor presentations, the International Energy Agency and a score of other sources.
It measured the earnings from producing renewables such as bio-fuels, wind turbines and thermal equipment, and energy efficiency technology such as low-energy lighting and insulation.
"Clean technologies are really growing fast, but China is responsible for the majority of that growth," said Ward van den Berg, who compiled and analyzed the data for the consultancy firm.
Until recently, Chinese massive production of solar cells was aimed at the export market, but they are now making solar systems for the home market, as they have been doing for several years in wind energy, Van den Berg said.
China is leading the world in vigorously growing clean-technology industry, an area that helps fight the planet’s climate change, the World Wildlife Fund for Nature reported.
Although Denmark earns the biggest share of its national revenue from producing windmills and other clean technologies, no country can match Chinas pace of growth in the clean-tech sector, the Fund said.
Chinas production of green technologies has grown by 77 per cent a year, said a report commissioned by the World Wildlife Fund for Nature, which was disclosed yesterday.
"The Chinese have made, on the political level, a conscious decision to capture this market and to develop this market aggressively," said Donald Pols, an economist with the WWF.
Denmark, a longtime leader in wind energy, derives 3.1 percent of its gross domestic product from renewable energy technology and energy efficiency, or about 6.5 billion euros. Nevertheless, China is the largest producer in money terms, earning more than 44 billion euros, or 1.4 percent of its gross domestic product, the report said.
The United States ranks 17th in the production of clean technologies with 0.3 percent of GDP, or 31.5 billion euros, but those industries have been expanding at a rate of 28 percent per year since 2008.
"The US is growing substantially, so it seems the policy of President Barack Obama is working," Pols said. But the US lags behind the rapid growth in China, he added.
"When you speak to the Chinese, climate change is not an ideological issue. Its just a fact of life. While we debate climate change and the transition to a low carbon economy, the debate is passed in China," Pols said.
"For them its implementation. Its a growth sector, and they want to capture this sector."
The report was prepared by Roland Berger Strategy Consultants, a global firm based in Germany. It gathered data on 38 countries from energy associations, bank and brokerage reports, investor presentations, the International Energy Agency and a score of other sources.
It measured the earnings from producing renewables such as bio-fuels, wind turbines and thermal equipment, and energy efficiency technology such as low-energy lighting and insulation.
"Clean technologies are really growing fast, but China is responsible for the majority of that growth," said Ward van den Berg, who compiled and analyzed the data for the consultancy firm.
Until recently, Chinese massive production of solar cells was aimed at the export market, but they are now making solar systems for the home market, as they have been doing for several years in wind energy, Van den Berg said.
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