China plans to triple its wind power capacity by 2010 pursuant to the central government’s goal of promoting both clean energy and more sustainable economic development.
This has become almost desperately urgent for two reason:
- China’s growth has made it an energy consuming machine. Oil is now over $130. You do the math.
- China hosts 20 of the 30 most polluted cities in the world, thanks to its heavy reliance on coal.
The latter point is of particular importance, when you consider the fact the melting of glaciers in Tibet and Xinjiang and increased temperatures in western China threaten to reduce the rain-fed rice yields. Also, China’s coastal areas have also suffered from extreme storm surges in the past few years that have been attributed to climate change.
If you know of any really good wind, solar or renewable energy small-cap companies, make sure to comment here please.
Regards,
George