50 Billion Global Capital Favor China New Energy
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Annual session of the Singapore International Energy Week attracted many national politicians, businessmen and academics, in this year's Energy Week, the Chinese market almost every speaker not open around the topic.
About the status of energy demand growth, Singapore Prime Minister Lee Hsien Loong will be the first place in China: "China, India and other high-growth economies, energy demand has been growing, and far more than the saving rate."
Shell International Oil and Gas Upstream Industry Ministry said Malcolm Brinded, executive director of the Chinese GDP growth rate to promote the consumption of energy, the market prospect is very attractive.
Precisely because no one would suspect, led by China's energy demand will continue to expand the market, while traditional energy reserves are limited, so new energy sources as the International Energy Week this hot topic.
Lee Hsien Loong said that a growing number of private equity and venture capital began to enter the new energy field, other fields have begun to get involved in new energy businesses, such as Bill Gates and Google are involved in nuclear energy and clean energy technologies.
And from the Asian Development Bank, Morgan Stanley said that participation in the development of China's new energy industry is that they are trying to do. From the International Energy Week, a report showed that China's investment in clean energy market will reach 50 billion U.S. dollars annually, including public and private markets to raise funds and asset financing.
International Energy Agency (IEA) Executive Director Nobuo Tanaka even believe that China's development of new energy sources will change the world energy picture.
Amazing growth
Nobuo Tanaka said that the Chinese in addition to oil, natural gas, there is a big demand for energy in the solar energy, wind power developments have caused great concern.
Natural gas, for example, the use of natural gas emission reduction targets to achieve the most realistic way to hydro and nuclear energy and investment you need a longer time to bear fruit, and more expensive, China National Petroleum Corporation has substantially increased natural gas to China in 2020 demand is expected, 50% AM up to 300 billion cubic meters, equivalent to China's current oil consumption by three quarters.
Malcolm Brinded said that by 2030, global gas demand growth will reach 50%, with China in the Asian market will account for half of overall growth.
Singapore International Energy Week, the committee also for the Chinese wind energy, solar energy market set the special discussion, other countries are not similar to the special seminar.
U.S. Cleantech Group Chief Executive Officer Nicholas Parker that almost no one doubts that China's energy needs huge space, the same can not be underestimated China's clean energy sector increased significantly.
Clean technology, global head of Morgan Stanley, said Sunil Gupta, the development of China's increasing emphasis on wind and solar energy, but also more successful in a market, with China and other countries to develop solar energy, solar energy prices will decline.
Many in the industry also believe that China will become a major field of solar and wind energy exporter, although China is still partially dependent on imports. |
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By :
Jessie Stone
Submitted
2010-11-11 18:41:05 |
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