funkyfreo said:http://enviro.org.au/enews-description.asp?id=630
"HONG KONG - China is set to spend US$200 billion on renewable energy over the next 15 years, and industry players are racing to grab a slice of the action. That kind of money would buy you an oil firm the size of Chevron and leave change to fund the current renewables programmes of all Europe's top oil firms for 25 years."
7% alternative already to 20% renewable by 2020 is official China energy policy. 1 GW wind now to 30GW wind in 2020.
AS I said earlier, when we sign up to those kind of targets, I'll consider nuclear Amazing to think that little old communist china appears to be making the most economocally rational energy decisions in the world!
AS for Oz helping China - if only we had signed to Kyoto we could be making CO2 credits from those nuclear exports!
What are all you right wingers doing knocking wind and solar - get out there there's $$$ in them thar hippy ****e.
You are right here. They are investing heavily in renewable energy. Economically sensible, and also quite wise as it reduces dependence upon other nations like America is dependent upon the middle-east. I’m sure you are aware of the Yangtze river dam and I know some researchers looking at solar powered aeroplanes and biofuels.
Yet the alternatives just aren't enough for the rate China is growing, so they appreciate that nuclear is essential. They started negotiations for Australian uranium last year. I think they also want to have control of the mines in order to guarantee supply.
India will probably be next. The USA is helping them with their nuclear industry in the hope of keeping oil prices down. Another market for Australia beckons.