China’s Green Five Year Plan

China’s latest 12th five year plan, has significant environmental targets.

Targets
The plan includes binding targets on resource and environmental protection.
Energy – A 16% cut in energy intensity (energy consumed per unit of GDP), 17% cut in carbon intensity (carbon emitted per unit of GDP) and a boost in non-fossil fuel energy sources to 11.4% of primary energy consumption (it is currently 8.3%).
Pollution – There is an 8% reduction target for sulphur dioxide and chemical oxygen demand and a 10% reduction target for ammonia nitrogen and nitrogen oxides, the latter of which come mainly from China’s dominant coal sector. There will also be a focus on cutting heavy-metal pollution from industry.
Water – Water intensity (water consumed per unit of value-added industrial output) is set to be cut by 30% by 2015.
Forestry – China also aims to boost forests by 600 million cubic metres and forest cover to 21.66%.
Climate – Both carbon taxes and carbon trading have been widely discussed and may be introduced in the next five years, though there is no detailed information on this in the 12th FYP.
Investment in environmental protection is expected to exceed 3 trillion yuan over the five-year period. Much of this will go on pollution control, helping achieve targets to significantly cut the release of major pollutants.
As part of its strategy to reduce reliance on fossil fuels, China is aiming to build 40 additional gigawatts of nuclear energy capacity by 2015 (though the Fukushima nuclear accident in Japan prompted the government to suspend approvals for new power stations while it reviewed safety measures). It also plans to significantly boost investment in hydropower and add 70 gigawatts of new wind farms and 5 gigawatts of new solar farms.
The plan mandates significant investment in public transportation in order to achieve goals including the construction of 35,000 km of high- speed rail and connecting every city with more than 500,000 residents.

http://www.chinadialogue.net/UserFiles/File/PDF_ebook001.pdf

©chinadialogue’s Olivia Boyd and Tan Copsey

Who is winning the Clean Energy Race?

Pew publishes report on the global clean energy race. This gives an excellent breakdown of the money flows. In addition, the report provides the position of each country, incentives, asset allocations, types of renewable energy commitments, etc.


Who is winning the Clean Energy Race?

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New Report Shows Private Investments In Green Sectors Top $2 Trillion

THE GREEN TRANSITION SCOREBOARD® (GTS) is a time-based global tracking of the private financial system for all sectors involved with green markets, producing a transparent line of sight toward the ethical progress of wealth building as defined by the triple bottom line of planet, people and profits.

http://www.ethicalmarkets.com/reports/2011GTSFebruaryReport.pdf

US States Leading the Way

California and Massachusetts have become the leading US states investing in clean tech.  As a recent article in the CSMoniter points out,

Global investment in clean-tech research and enterprises approached $100 billion in 2007, and much of that money was invested in the United States. Of about $3 billion in “green” venture capital worldwide, half went to enterprises in California, and Massachusetts got about 10 percent.

The article goes on to point out that half of all US states have now launched initiatives to aggressively grow clean tech industries.  In terms of jobs alone, clean tech now employs more than 14,500 people in Massachusetts, growing at a rate of 20% per year.

Among the reasons listed for how some states have been able to successfully grow such robust clean tech industry: access to graduates from good universities, increased government support, access to local resources and raw materials.