- Despite economic downturn, China’s domestic markets continue to scale-up low carbon technology
A new report by The Climate Group shows that in an incredibly short space of time China has taken the lead in the race to develop and commercialize a range of low carbon technologies. On the back of ambitious government policies and a new breed of entrepreneurs, Chinese businesses are amongst the top producers of electric vehicles, wind turbines, solar panels and energy efficient appliances. Even with this growth, the opportunities for Chinese and foreign companies are huge. A successful agreement in Copenhagen later this year will open the door to further collaboration and growth.
Building on The Climate Group’s 2008 report, the new report, China’s Clean Revolution II: China’s opportunity for a low carbon future is a synthesis of the latest information on China’s progress towards a low carbon economy and aims to keep a-pace with a rapidly evolving green agenda in China, as well as expanding to cover new industries including geothermal power.
Full report and article: theclimategroup.org
