Wednesday, February 22, 2006

China & Iran - The Energy Tightrope

China wants to double its exposure to alternative energy over the next fourteen years, echoing recent remarks by President Bush.

According to China Daily, the Chinese government " is working on a long-term plan to increase the use of alternative fuels to reduce the dependence on oil. Coal, gas and renewable energy sources such as biomass and solar power are expected to become "major alternatives," according to the National Development and Reform Commission (NDRC)."

The report added that eventually China would like to reduce the use of coal and oil and replace it with "nuclear, wind and solar energy."

China's use of solar energy has been increasing "at more than 25 per cent in China" making it "the highest in the world."

( Full story here )

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