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China Might Become World's Largest Renewable Energy Market by 2030: Report

by Himabindu Venkatakrishnan on November 26, 2014 at 4:06 PM
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 China Might Become World's Largest Renewable Energy Market by 2030: Report

China has the potential to become the world's largest renewable energy market by 2030, if it succeeds in doubling the ratio of renewable sources like solar energy, reports the International Renewable Energy Agency.

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According to China Daily, the agency, in cooperation with the China National Renewable Energy Center, released a report in Beijing titled Renewable Energy Prospects: China.

The report said that China was capable of improving millions of lives and saving billions of dollars by using more renewable energy-which would reduce the costs of healthcare by reducing emissions.
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Adnan Z. Amin, director-general of the agency said that as the largest energy consumer in the world, China must play a pivotal role in the global transition to a sustainable energy future.

The report further said that under current policies, share of renewables in China's total energy mix would only rise to 17 percent by 2030.

The report added that if China accelerated the pace, it would reach 26 percent.

Source: ANI
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