MERCHANDISER
CHINA, ALREADY THE WORLD’S leading renewable energy ofwindturbines,withproductioncapacityexpectedtoreach10
producer,isovertakingmoredevelopedeconomiesinexploit- GWperyearbytheendof2009,andiscompetingaggressive-
ingvaluableeconomicopportunities,creatinggreen-collarjobs ly in other low carbon markets including solar water heaters,
and leading development of critical low carbon technologies, energyefficienthomeappliances,andrechargeablebatteries.
saysanewreportpublishedbyTheClimateGroup.Intermsof SteveHoward,CEOofTheClimateGroupsays,“Fortoolong,
installed renewable capacity, China already leads the world, many governments, businesses and individuals have been
reaching152Gigawattsin2007. waryofcommittingtoactiononclimatechangebecausethey
China’s Clean Revolution shows that China’s transition to a perceivethatChina–theworld’slargestemitter–isdoinglit-
low carbon economy is well underway, led by supportive gov- tle to address the issue. However, the reality is that China’s
ernment policies which are not only driving innovation in low government is beginning to unleash a low carbon dragon
carbon technologies but also diverting billions of dollars of which will power its future growth, development and energy
investmentintoenergyefficiencyandrenewableenergy. securityobjectives.”
The report reveals that the low carbon economy is just as ChanghuaWu,ChinaDirector,TheClimateGroup,says,“Far
attractive to developing nations like China as it is to richer from ignoring climate change, Chinese leaders have already
committed to improving energy efficiency
China’sCleanRevolution
and scaling up the growth of low carbon
industries. China is beginning to pull its
weight on climate change and the targets
countriessuchastheUK,JapanandGermany.China’scombi- andpoliciesinplaceareinlinewiththosebeingtakenby‘lead-
nationofcostadvantages,aclearpolicyframework,adynam- ing’countriesliketheUKandGermany.”
ic and entrepreneurial business environment and abundant InvestmentinrenewableenergyinChina–almostUS$12bn
abatement opportunities, is proving that developing nations in2007–isalmostlevelwithworldleaderGermanyasaper-
haveasmuch,ifnotmore,togainfrominvestmentinlowcar- centage of GDP. Stronger policies from the Chinese govern-
bon solutions creating green-collar jobs, social benefits and ment are creating increased demand for low carbon invest-
economicgrowth. ment and China will require a further US$398 bn (US$33 bn
Despite its coal-dependent economy, the report reveals peryear)tomeetits2020renewableenergygoals.
Chinesegovernmentandbusinesseshaveembarkedonaclean Steve Howard says, “China’s current trajectory will ensure it
revolutionthathasalreadymadeitaworldleaderintheman- remainsastrategicglobalhubforlowcarboninvestment,inno-
ufactureofsolarphoto-voltaictechnology(SolarPV)whereits vationandgrowthovercomingdecades.”
sixbiggestsolarcompanieshaveacombinedmarketvalueof Downloadthereportat:
overUS$15bn.
Chinaisalsosettobecometheworld’sleadingmanufacturer
www.theclimategroup.org
Seize the business opportunities in the budding US carbon market
Kellogg Conference Hotel, Washington DC, USA 16-17 September 2008
BOOK NOW: Call +44 20 3355 4201 or Online at: www.greenpowerconferences.com
Learn from Leading Carbon Experts, Including:
EricWashburn Legislative Counsel, Bipartisan Policy Center
2
nd
Annu
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Gary Gero President, California Climate Action Registry
CCaarrbon Mbo
n Maarr
kkeetts USA '08s U
SA '0
Cameron Brooks
8
President, Tolerable Planet Enterprises
will d
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Véronique Bugnion Managing Director, Point Carbon
2
Lisa Jacobson
00+ hi
gh ca
Executive Director, Business Council for Sustainable Energy
libre a
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50 exp
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Kate Hamilton
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Carbon Project Manager, Ecosystem Marketplace
20 exh
ibition
stands
Ned Helme President, Center for Clean Air Policy
1 first c
lass bu
siness
Nathan Clark Director, Emission Offsets, Chicago Climate Exchange network
ing ev
ent
Marco Monroy President,
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