Govt policies spur green energy boom in China, iSuppli says

[jpak]

http://hk.ibtimes.com/en/articles/40975/20100805/green-china.htm

China's green policies is spurring the boom of local wind power energy and photovoltaic (PV) markets, research firm iSuppli Corp said on Wednesday.

"Thanks to assiduous government support, the China markets for wind power and photovoltaic solar energy- two major green industries in the country-climbed to new highs in 2009, the latest year for which statistics are available," said Isaac Wang, senior analyst for China research at iSuppli.

According to Wang, the newly energized green initiatives come in the wake of a pledge from Beijing, announced in December 2009 at the Copenhagen World Climate Conference in Denmark, to cut China's carbon emissions in 2020 by about 45 percent from their 2005 levels.

"To achieve the target, China has indicated willingness to reduce reliance on noxious coal sources while also bolstering its fledgling renewable energy industries in order to produce cleaner power," Wang said in a report.

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