China is pushing ahead on renewable technologies with incredible fervor, according to an in-depth report in the Christian Science Monitor.
The country already produces one-third of the world’s solar cells, and is shifting its massive production capabilities to capture the lion’s share of the wind power industry as well.
Much has been made of China’s reliance on cheap coal-fired electricity, but the country is also installing an average of one wind-turbine an hour, according to the report.
The sheer size of China’s market, and the economies of scale that size allows, are key components of the country’s advantage.
“The rest of the world doesn’t even realize that we are very likely ceding the next generation of energy technology to the Chinese,” Todd Glass, an energy lawyer with Wilson Sonsini Goodrich and Rosati in San Francisco told CSM.
Read the full report at the link below.
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