China wants to guide a new green revolution

After years of indiscriminate pollution to increase its growth now China is ready to guide a new green revolution.

While China has decided to partially change its policy, the United States, that had come to Durban to isolate Europe, are now likely to end up isolated.

Despite the Obama promises during his presidential campaign, Usa remain hostile to any binding agreement on climate change.

While remaining the main polluter world, China is also the world’s largest manufacturer of photovoltaic and wind energy leader.

China will install 180 gigawatts (GW) of wind and solar power capacity by 2020, equal to the capacity built by the rest of the world over the past 40 years.

China, which will account for one third of global energy demand growth between 2009 and 2035, currently has a wind power capacity of 42 GW and a solar power capacity of 1 GW.

Last year Beijing government  has invested in clean energy technologies to £50 billion dollars against £17 billion of the U.S..

China is interested in the green market and wants to push the green economy not just for economic reasons.

In fact its capital city is  besieged by desert and its water sources are at risk, because of climate chaos caused by the greenhouse emissions.

Xie Zhenhua, vice chairman of the National Development and Reform Commission, China’s chief negotiator in Durban,  has been presented in Durba a picture of the changing situation.

China has improved its energy efficiency by 19% by 2005 (reducing emissions of 1.5 billion tons of carbon dioxide) and has scheduled a further improvement of 40 to 45 percent by 2020.

The country will invest £290 billion over the next 5 years to develop a low carbon manufactures and will produce 1 million electric cars by 2015.

DURBAN SUMMIT

Those are really encouraging promises but, as everybody know, the Durban summit has been a failure.

No agreement has been found. Once again the divisions were to strong.

But, at least,  the Durban Summit has provided the clearest signal yet to green businesses and investors that the transition to a low carbon economy will not be derailed, and has also given them a deadline of four years to deliver the clean technologies that will make the completion of an ambitious legally binding climate change treaty so attractive that no one will lose sleep about signing up.

Even if , since 2008, renewable energy market has attracted more private capital investments then the fossil fuels  one, oil and carbon lobby still are too strong.

The only chance for a drastic change is a new balance in the energy market.

Only when renewable energy will be worthy in  terms of money they will bit the fossil fuels.

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